We have raised a €530K investment round for new market expansion. The round was led by the Lithuanian Business Angel Fund, together with traders and executives of investment banks.
We were founded in 2020, we are a real estate platform that operates on a crowdfunding basis. It enables people, no matter how much they earn, to invest in rental properties around Europe.
It’s no a big secret that acquiring real estate and managing property rental can be both costly and present a large time commitment, causing many to think twice before investing in the market. That said, property rental is in fact a high-performing asset class, especially in terms of today’s inflation.
To solve this problem, we let users invest from €500 into prime European rental assets. We ar one of the first platforms of this kind that is regulated and licensed. Unlike other similar European services, our clients’ earnings combine rental yield and capital growth when the property is sold at a higher price. The license is held at the bank of Lithuania.
We have already exceeded €1 million worth of investments on the platform and recorded zero late payments.
“The decision to invest into Rikanus was quite clear — the company includes three main indicators: 1) the market has indicated the necessity of such product; 2) the growth of crowdfunding platforms and volumes shows right timing; 3) a solid professional team has a clear vision on how to reach high targets, and their competence allows them to do so. Thus, this round was closed within a couple of weeks, and we are happy to be on board”, said the Head of Investments of Business Angel Fund II, Nerijus Baliūnas.
With this money, we plan to start our international expansion. The first destination is Spain, where they possibility facilitate investment in prime touristic rentals along the Mediterranean Coast and the mountains of Iberia.
To date, InRento has raised more than EUR 660 thousand in investments and is exploring the possibility of raising a future round using crowdfunding as an instrument.