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Two Baltic start-ups are toasting Santa Claus this year, both having secured a delivery of new funding. Latvia’s Design Scan has secured an investment of 800,000 euros to make buying furniture more accessible, while Estonia’s Rendin has snatched 1.2 million euros for their proptech solution offering insurance for long-term property rentals. Neural nets making furniture shopping easier A lot of shopping has moved online these days, including shopping for furniture. But this move to online has brought with itself issues for shoppers, especially when it comes to verifying the quality of the items being purchased. This is where DesignScan steps in with its platform that shows high-quality furniture from brands that are available in showrooms. ....
Estonian proptech Rendin raises €1.2M seed for its long-term rental platform Rendin, an Estonian proptech startup that wants to improve the home rental experience, including offering a no-deposit feature, has raised €1.2 million in seed funding. Backing the round is Tera Ventures, Iron Wolf Capital, Truesight Ventures, Atomico’s Angel Programme and Startup Wise Guys. Launched in Estonia in March this year and currently expanding to Poland, 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. ....
Estonian renting platform Rendin raises 1.2 mln euros seed round Rendin, whose on the mission to make long-term property rental fairer and safer for both owners and renters, has raised 1.2-million euros for expanding its core team in Estonia and launch the platform in Poland. The seed round was led by Tera Ventures, a VC firm investing in early-stage global digital startups. They were joined by Iron Wolf Capital, Truesight Ventures, Atomico Angel Program and Startup Wise Guys, with a number of angel investors also participating. “Rendin is a unique platform that has the interests of both property owners as well as renters in mind,” said Alain Aun, Rendin’ Chief Executive and cofounder. ....
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