OpenRent

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 to property rentals.[1] It claims to be the largest letting agent in the UK based on number of properties, boasting over 5 million users as of 2022.[2]

History

OpenRent was founded in 2012 by two University of Oxford graduates, Darius Bradbury and Adam Hyslop, after experiencing the difficulties as both private landlord and tenant in the UK property market.[3]

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

Investors

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

  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.