
OpenRent
Stage
Seed VC - II | AliveTotal Raised
$5.4MLast Raised
$5.4M | 7 yrs agoAbout OpenRent
OpenRent turns renting a property into a streamlined, online process offering drastically lower costs. 100% of the properties on our site are guaranteed available and agent/admin fees are banned. The company helps landlords find tenants via the major portals and handle all the usual admin (referencing, contracts, deposits, etc) online all for just £20 per property.
Expert Collections containing OpenRent
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
OpenRent is included in 1 Expert Collection, including Real Estate Tech.
Real Estate Tech
2,484 items
Startups in the space cover the residential and commercial real estate space. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and property management, insurance, mortgage, construction, and more.
Latest OpenRent News
Sep 29, 2023
Two students lost around Rs 13 lakh in a home rental scam, here is what happened Two students lost around Rs 13 lakh in a home rental scam, here is what happened In a distressing incident, a 22-year-old student, Eason Lee, and his friend fell victim to a sophisticated rental scam in London, losing more than £13,000 in the process. Representative image created using AI SUMMARY The victims lost around Rs 13 lakh in the latest scam. The scammers managed to trick students by using a genuine agency name and other details. In a distressing incident, a 22-year-old student, Eason Lee, and his friend fell victim to a sophisticated rental scam in London, losing more than £13,000 in the process. This is around Rs 13 lakh in India when converted. This alarming case sheds light on the growing issue of rental fraud in the UK, with reported cases surging by 23 per cent from 2021 to 2022, according to data from Action Fraud. Desperate to secure accommodation in London, Lee found himself in fierce competition with other renters. He stumbled upon a seemingly legitimate listing for a two-bedroom flat in Stratford, east London, on OpenRent, unaware that it was a trap. The scammers operated under a legitimate agency's name and organised a list of properties for them to check. To gain access to the flat that they liked, the victim had booked it through Booking.com, leaving Lee and others unsuspecting. Lee and his friend, after viewing the property, received what appeared to be a genuine contract and invoice. They even cross-verified the landlord's information on the Land Registry. However, the scammers had cunningly used the property owner's real name and a legitimate real estate agency's registration number to deceive them, according to a report by BBC. As they lacked guarantors, Lee and his friend found themselves obligated to make a substantial upfront payment of six months' rent, coupled with a deposit equivalent to five weeks' rent. However, shortly after transferring these funds, an alarming email from OpenRent raised red flags, plunging them into a state of panic. Despite numerous attempts to contact the agent, their efforts were fruitless, and no one appeared to provide them with the keys to the property. It was during this frustrating period that Lee crossed paths with other victims who had fallen prey to similar deceptive schemes. Recognizing the severity of the situation, Lee promptly reported the scam to OpenRent, their bank, and, eventually, to Action Fraud, the authority responsible for handling fraud and cybercrime reports. Action Fraud, in response, informed Lee that their case would undergo a comprehensive 28-day review, with the possibility of it being subsequently transferred to the Metropolitan Police for a thorough investigation. A lot of different types of scams are on the rise in several countries and so users should be extra careful. It is always better to get the legal paperwork done before paying any amount. Indians are also advised to be careful if they are visiting abroad as it will be easier for scammers to target those who are new to a country and don't know much about how to get started with rental homes. Though, such scams could also happen in India. Published on: Sep 29, 2023, 7:49 PM IST Posted by: BT Siteadmin, Sep 29, 2023, 7:47 PM IST
OpenRent Frequently Asked Questions (FAQ)
Where is OpenRent's headquarters?
OpenRent's headquarters is located at Office 34, London.
What is OpenRent's latest funding round?
OpenRent's latest funding round is Seed VC - II.
How much did OpenRent raise?
OpenRent raised a total of $5.4M.
Who are the investors of OpenRent?
Investors of OpenRent include Global Founders Capital and Northern & Shell Ventures.
Who are OpenRent's competitors?
Competitors of OpenRent include RentalBeast, Goodlord, YOPA, RoofRate, Movebubble and 9 more.
Compare OpenRent to Competitors

Lyvly operates as a platform enabling renters to find accommodation and connect with other renters. It also manages bill payments, repairs, and cleaning services. The company was founded in 2016 and is based in London, United Kingdom.

Appear Here provides an online marketplace for retail space. It connects retail landlords with entrepreneurs and others wishing to rent retail space. The company was founded in 2013 and is based in London, United Kingdom.

Student.com is a marketplace for student housing. The company simplifies booking accommodation for students through a free-to-use global marketplace that puts security and ease-of-use first.

easyProperty is a provider of individually priced property services. The company offers individual services for every stage of the letting or sale process: advertising on leading property portals, professional photography, tenancy agreements, accompanied viewings, as well as value-added services such as: mortgages, insurance and conveyancing.
Movebubble provides a property service that allows renters to discover, book viewings and secure via an app, which features real-time feedback through tips and insights collected from other users in the community.

YOPA allows people to sell their homes for a fixed fee of £839, using the company's site to bring together buyers, sellers, agents, and customer service teams.