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rent24 Funding, Investors & Competitors
rent24 has raised $120M across 5 funding rounds, most recently a $6M Series A in January 2020.
Last rent24 funding round
$6M
Series A · Jan 2020
Cumulative funding rent24 raised
$120M
across 5 funding rounds
About rent24
rent24 is a Munich-headquartered coworking operator with locations in Germany, Austria, and Switzerland. It offers flexible desks, private offices, meeting rooms, lounges, and event spaces tailored for startups, freelancers, and corporations. Facilities in cities like Berlin, Vienna, and Zurich include high-speed internet, kitchens, and networking events. rent24 emphasizes community through shared economy principles, with day passes, monthly memberships, and virtual office options.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Subscription
Sectors
rent24 Funding History
rent24 has raised a total of $120M across 5 funding rounds.
rent24's first fundraising round was a $3M seed round in January 2016. The most recent completed round was a $6M Series A in January 2020.
rent24 funding rounds
| Date | Stage | Raised | Deal Summary |
|---|---|---|---|
| Jan 2020 | Series A | $6M | - |
| Jan 2019 | Undisclosed stage | $43M | - |
| Jan 2018 | Undisclosed stage | $47M | Rent24 is a Berlin-based real estate and construction company founded in 2015 by Robert R. Bukvić, operating under the legal name R24 Holding GmbH, with 114 employees as of December 31, 2018. The company focuses on sectors potentially including flexible workspaces, as evidenced by its takeover of coworking space DI Telegraph in Moscow in August 2018. |
| Jan 2017 | Undisclosed stage | $21M | - |
| Jan 2016 | Seed | $3M | - |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by rent24
rent24 has acquired 6 companies to date.
Last acquisition by rent24 was on December 18th 2018. rent24 acquired Chasopys for undisclosed valuation.
Latest Acquisitions by rent24
| Description | Chasopys is a provider of smart workspaces combining business and cultural elements for collaborative work. Kyiv-based, the company operates in Ukraine and designs environments that foster productivity and community events. Chasopys offers flexible office spaces equipped with modern amenities for startups, freelancers, and established businesses seeking integrated work and leisure facilities. | HUB385 is a coworking and innovation hub in Zagreb, Croatia, hosting developers, entrepreneurs, and startups through events like hackathons, workshops, and conferences. It fosters collaboration with mentors and provides office spaces, networking opportunities, and support for tech ventures in the Balkans region. | The Brew offers coworking spaces tailored for small businesses, emphasizing affordability and appealing environments. | DI Telegraph is a Moscow coworking and event space situated in the historic Central Telegraph building 500 meters from the Kremlin. The venue hosts creative industry events, workshops, and networking for over 300 members, featuring hot desks, private offices, and conference rooms equipped for video production and presentations. | |
| HQ Country | |||||
| HQ City | Kyiv | Zagreb | London | Moscow | |
| Deal Date | 18 Dec 2018 | 25 Oct 2018 | 20 Sep 2018 | 7 Aug 2018 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all rent24 acquisitions and their M&A valuation multiples. Start Free Trial | |||||
rent24 Competitors
rent24 competitors include listed companies like WillScot, IWG and Wework India Management, and private ones like ATLAS, Kr Space and WeWork China.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $5B | - | ||
| Publicly listed | $2.3B | $606M | $3.3B | 3.1x | ||
| Publicly listed | $3.8B | $487M | $2.2B | 2.5x | ||
| Private | - | - | $1.3B | - | ||
| Private | $94M | - | $1B | 10.6x | ||
| Publicly listed | $254M | $165M | $989M | 5.4x |
rent24 Public Comps
rent24 is still privately-owned, but its public comps include WillScot, IWG, Wework India Management, Smartworks Coworking, Framery Group, Servcorp, Awfis Space Solutions, WOTSO Flexspace, Dev Accelerator and One Experience.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.3B | $606M | 3.1x | 3.1x | 11.7x | 7.6x | |||
| $3.8B | $487M | 2.6x | 2.5x | 20.1x | 16.9x | |||
| $254M | $165M | 6.0x | 5.4x | 9.3x | 8.3x | |||
| $187M | $121M | 5.9x | 5.2x | 9.2x | 30.0x | |||
| $256M | $54M | 2.7x | 2.7x | 12.7x | 10.2x | |||
| $249M | $67M | 2.2x | 2.1x | 8.2x | 3.6x | |||
| $156M | $62M | 2.2x | 2.0x | 5.6x | 5.4x | |||
| $35M | $13M | 4.6x | - | 12.0x | - | |||
This data is available for Pro users. Sign up to see all rent24 competitors and their valuation data. Start Free Trial | ||||||||
Common questions about rent24
| When was rent24 founded? | rent24 was founded in 2015. |
| Where is rent24 headquartered? | rent24 is headquartered in Berlin, Germany. |
| Is rent24 publicly listed? | No, rent24 is a private company. |
| How much funding has rent24 raised? | rent24 has raised $120M across 5 funding rounds. |
| What was rent24's last funding round? | rent24's last funding round was a $6M Series A in January 2020. |
| Which companies are comparable to rent24? | Companies comparable to rent24 include ATLAS, WillScot, IWG, Kr Space, WeWork China and Wework India Management. |
| How many companies has rent24 acquired? | rent24 has acquired 6 companies, including Chasopys, HUB385, The Brew, DI Telegraph and OfficePort. |
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