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

rent24 Overview

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

GermanyBerlin

Website

rent24.com

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

rent24 funding rounds
DateStageRaisedDeal Summary
Jan 2020Series A$6M-
Jan 2019Undisclosed stage$43M-
Jan 2018Undisclosed stage$47MRent24 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 2017Undisclosed stage$21M-
Jan 2016Seed$3M-

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Acquisitions 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

Chasopys
HUB385
The Brew
DI Telegraph
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 CountryUkraineCroatiaUnited KingdomRussia
HQ City
Kyiv
Zagreb
London
Moscow
Deal Date18 Dec 201825 Oct 201820 Sep 20187 Aug 2018
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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rent24 Competitors

rent24 competitors include listed companies like WillScot, IWG and Wework India Management, and private ones like ATLAS, Kr Space and WeWork China.

Public and private companies comparable to rent24
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ATLASChinaGuangzhouPrivate--$5B-
WillScotUnited StatesUnited StatesPublicly listed$2.3B$606M$3.3B3.1x
IWGSwitzerlandSwitzerlandPublicly listed$3.8B$487M$2.2B2.5x
Kr SpaceChinaBeijingPrivate--$1.3B-
WeWork ChinaChinaShanghaiPrivate$94M-$1B10.6x
Wework India ManagementIndiaIndiaPublicly listed$254M$165M$989M5.4x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
WillScot$2.3B$606M3.1x3.1x11.7x7.6x
IWG$3.8B$487M2.6x2.5x20.1x16.9x
Wework India Management$254M$165M6.0x5.4x9.3x8.3x
Smartworks Coworking$187M$121M5.9x5.2x9.2x30.0x
Framery Group$256M$54M2.7x2.7x12.7x10.2x
Servcorp$249M$67M2.2x2.1x8.2x3.6x
Awfis Space Solutions$156M$62M2.2x2.0x5.6x5.4x
WOTSO Flexspace$35M$13M4.6x-12.0x-

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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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