In a significant leap forward for the event and media production sector, Rentman, a leading global software company, has recently announced a monumental €20 million growth equity investment from Expedition Growth Capital. This funding marks a pivotal moment for Rentman, representing the first external capital infusion since the company’s inception.
Fueling Ambitions: Rentman’s Strategic Growth Plan
This investment is set to turbocharge Rentman’s journey, propelling forward with customer-centric investments, strategic acquisitions, and an ambitious development roadmap for their platform. Rentman’s mission is simple yet profound: to empower the companies and teams behind events and media productions. Their cloud-based software is a one-stop solution for managing critical resources, including equipment and personnel.
A Year of Milestones: Over One Million Projects Delivered
Rentman’s impact is evident in its impressive track record. Over the past year, the platform has facilitated more than one million projects, ranging from corporate live-streaming events and intimate wedding celebrations to grand music festivals and high-profile film productions. The company’s global reach extends to over 3,700 customers across 100+ countries, with a staggering 250,000 users relying on Rentman’s software for seamless project execution.
The Birth of Rentman: A CEO’s Vision
The company’s origins trace back to CEO Roy van den Broek’s own experiences as an audio-visual equipment rental company owner. Frustrated by the limitations of legacy software, van den Broek took matters into his own hands, launching Rentman in 2015. The platform emerged as the first SaaS solution tailored to the intricate needs of event and media production, combining equipment and crew management. Recent innovations include integrated RFID functionality and a standalone Crew Management product, further enhancing the platform’s capabilities.
A New Chapter: Rentman’s Ambitious Expansion
CEO Roy van den Broek articulates this investment as the beginning of an exhilarating new chapter for Rentman. “We are committed to providing exceptional software for events and media production professionals. Our platform’s ability to enable users to deliver unforgettable productions is something we take great pride in,” he states. The company eyes burgeoning demand in North America, Europe, and other key regions, with this fresh capital and partnership with Expedition poised to accelerate their expansion plans.
A Partner’s Perspective: Expedition Growth Capital’s Involvement
Will Sheldon from Expedition Growth Capital, now a member of Rentman’s Board of Directors, commends the company’s profitability, rapid growth trajectory, and strong, ambitious culture. Sheldon notes, “Rentman’s platform is industry-leading, supporting complex workflows in this demanding sector. We are excited about the roadmap ahead and our partnership with Rentman.”
Rentman’s Vision for the Future
Rentman stands at the forefront of a transformative era in event and media production. With this significant investment, the company is set to redefine industry standards, offering innovative solutions that streamline complex processes. As Rentman embarks on this journey, the event and media production world eagerly anticipates the next wave of advancements that will emerge from this dynamic collaboration.
