RentCycle Raises $1.4 M of Seed Funding
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San Francisco, California – RentCycle, the leading provider of free, real-time online rental reservations for consumers and business management solutions for rental stores announced that it has raised a seed funding amounting to $1.4 M from Collaborative Fund, Founder Capital, Amicus Capital, SV Angels and a group of angel investors including Andreesen Horowitz.
Aside from the venture capital funding, RentCycle also added to new advisors with managerial authorities; Netflix Founder Marc Randolph and Chuck Templeton, the founder of the popular restaurant reservation service, OpenTable.
The product rental industry is an $85 Billion industry and it is said that it is the reason why RentCycle got an impressive roster of funders.
Funding Total: $1,400,000
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|Investors: Collaborative Fund, Founder Collective, Amicus Capital, SV Angel, Andreessen Horowitz|