Estonian proptech Rendin raised €1.2 mn seed for its long-term rental platform

Rendin, an Estonian proptech startup that wishes to improve the home rental experience, including offering a no-deposit feature, raised €1.2 million in seed funding where Tera Ventures, Iron Wolf Capital, Truesight Ventures, Atomico’s Angel Programme, and Startup Wise Guys backed up the startup.

Rendin operates a long-term rental platform that promises to smooth out the process between landlords and tenants. Its headline feature is an insurance-backed solution that means no deposit is required from tenants. The broader premise is that by digitizing the rental process and adding an insurance layer, further trust can be generated between parties, therefore increasing occupancy rates.