Tallinn-based proptech Rendin raises $1.4 million

Estonian Rendin, a long-term home renting service, has closed a $1.4 million seed investment round. The round was led by Tera Ventures, Iron Wolf Capital, Truesight Ventures, Atomico’s Angel Programme, and Startup Wise Guys, TechCrunch reports

Launched in March 2020 by Alain Aun, Maiko Saluorg, and Alar Mäerand, Rendin is a home rental agreement platform that makes the whole process of home renting more comfortable for users. Rendin creates a community of landlords and tenants ready to trust each other, value integrity and fair play. The company is aimed to provide its clients with an end-to-end home renting solution that significantly reduces unnecessary showings, paperwork, hassle, and risks in the home renting process.

The investment will help Rendin make home renting fair, fast, and flexible and expand its operations to Poland. To date, the company has already created the safest rental agreement in the world that replaces security deposits with up to 100x more protection.