OpenRent

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OpenRent Limited
Company typePrivate
IndustryLetting agent, Real Estate, Technology
Founded2012
FounderDarius Bradbury
Adam Hyslop
Headquarters
London
,
England
Websitewww.openrent.co.uk

OpenRent is an online letting agent and property service provider founded in 2012. It is a UK-based startup company focused on technological solutions for property rentals.[1] It claims to be the largest letting agent in the UK based on the number of properties, with over 5 million users as of 2022.[2]

History

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OpenRent was founded in 2012 by two University of Oxford graduates, Darius Bradbury and Adam Hyslop, who had experienced the challenges of the UK property market as both a private landlord and tenant.[3]

By 2015, OpenRent had the largest number of advertised properties for UK agents, ending the year with over 2,500 monthly listings.[4] By 2021, it had let over 500,000 properties.[5]

Investors

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Investors include Rocket Internet who invested £4.4m in 2017,[6] and Northern & Shell who invested media for an equity stake in June 2014.[7][8]

References

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  1. ^ "Efficiency: OpenRent". The Guardian. Retrieved 9 December 2015.
  2. ^ OpenRent (2019-11-26). "Hello to the 2,000,000th OpenRenter". OpenRent Landlord Hub. Retrieved 2021-04-07.
  3. ^ Renshaw, Rosalind (10 May 2012). "New lettings service lets landlords list on Rightmove for £20". Letting Agent Today. Retrieved 8 December 2015.
  4. ^ Burn-Callander, Rebecca (8 Dec 2015). "easyProperty raises £25m warchest to take on estate agent rivals". The Daily Telegraph. Retrieved 9 December 2015.
  5. ^ "Advertise on Rightmove & Zoopla | OpenRent". www.OpenRent. Retrieved 2021-04-07.
  6. ^ "OpenRent, the UK online letting agent, picks up £4.4M from Rocket Internet's GFC". TechCrunch. March 2017.
  7. ^ O'Hear, Steve (Aug 18, 2014). "Online Renting Service OpenRent Scores Media-For-Equity Deal From Northern & Shell Ventures". TechCrunch. Retrieved 8 December 2015.
  8. ^ Clawson, Trevor (29 August 2014). "It's Not All About The Money - Trading Equity For Services". Forbes. Retrieved 8 December 2015.