Venture Capital News: Rent Ready Scores New Financing
2020-09-08
CHARLOTTE, N.C., Defiance Ventures has announced its investment in Rent Ready.
Rent Ready is a B2B managed services platform that delivers an end-to-end make-ready service for apartment communities. Headquartered in Charlotte, NC, Rent Ready has expanded into over 20 markets across the country since its launch.
"The leadership team at Rent Ready has done an excellent job positioning the company to succeed in the post-COVID world. In addition to wanting to help a local Charlotte business expand, we truly believe in the core offering of Rent Ready and especially like the flexibility and scalability their model provides," said John Espey, CEO of Defiance.
Rent Ready has standardized the process to turn vacant units by building a national network of vetted and qualified vendors to streamline services at a portfolio level. Through its technology, the company has established reporting capabilities to provide transparency and assurance to regional and corporate personnel.
Since COVID began, Rent Ready has also rolled out an extremely successful Virus Safeguard service with 360° Surface-Spraying technology which allows hospital-grade, EPA-approved disinfecting chemicals to be dispersed in a way that provides a more even coverage of surfaces. With this cost-effective and proven technology, multifamily unit operators can protect their residents and mitigate risk surrounding COVID-19, as communal areas can become a hot spot for the spread of germs.
"As we continue to rapidly expand our footprint, especially with the addition of the 360° Surface-Spraying technology, we're excited to bring investors like Defiance on board," said Jonathan Kite, CEO of Rent Ready. "The Defiance team has years of experience scaling B2B services platforms, so we're happy to see them invest in Rent Ready's technology," added Kite.
About Defiance Ventures
Defiance Ventures is a venture builder focused on B2B enterprise technology companies. It combines capital and early stage investment expertise with real world capabilities spanning marketing, branding, sales, application development, and cloud architecture to help its portfolio of technology companies to disrupt their respective industries. Visit https://defiance.ai/
About Rent Ready
Rent Ready is a services platform that uses technology to deliver an end-to-end make-ready service for apartment communities. Built to eliminate the frustration of typical apartment turns, Rent Ready utilizes a proprietary logistics platform to connect communities to skilled professionals. Rent Ready is transforming the apartment turn process across the nation. Visit https://rentready.com.
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