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Ret Ventures Leads $3-Million Seed Funding Round In Rent Butter, A Next-Generation Tenant Screening Product

Aug 31, 2023•almost 2 years ago

Round Type

seed

ChicagoInformation Technology

Investors

Ret Ventures Esg FundRet Ventures

Description

Rent Butter, the first advanced tenant screening solution designed specifically for workforce and affordable housing, today announced the completion of its seed financing round. The $3-million round was led by RET Ventures (‘RET’), an industry-backed venture fund focused on single and multi-family real estate technology. RET’s investment comes from the RET Ventures ESG Fund (the “Housing Impact Fund”), which invests in technologies that benefit real estate operators while advancing social or environmental goals.

Company Information

Company

Rent Butter

Location

22 W. WASHINGTON ST., SUITE 1500

Chicago, Illinois, United States

About

Rent Butter is the first advanced tenant screening solution designed specifically for owners and operators of Class B and C multifamily housing. Founded in 2021, Rent Butter was created to empower multifamily property owners to better assess risk when screening potential tenants while helping renters build a financial resume. The digital application provides owners with in-depth banking and credit behavior reports, instantly validates important identification documents, seamlessly integrates with existing CRMs, and helps reduce eviction and turnover at multifamily properties. For more information, please visit: https://rentbutter.com/ or see their video here: https://vimeo.com/813308910/576a7a4022

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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