Estonia-based Bidrento, a start-up company that automates the management of rental properties, has secured €800,000 in a follow-up funding round to speed up the expansion to Poland.
All existing investors including Timo Rein, the co-founder and former CEO of Pipedrive, Peep Vain, the first investor of Pipedrive, participated in the company's funding round, and new investors also joined, including several people from Bolt and investors from Switzerland and the real estate sector.
"Rental property management is truly a field of multi-millions tasks, where there are many different and repetitive tasks on a daily basis. Even with the use of various programs combined with Excel, landlords and property managers still struggle to automate their manual work, which accounts for up to 70% of their daily tasks. This, in turn, becomes a bottleneck in the growth of the real estate portfolio, which affects ROI and tenant satisfaction," said Taavo Annus, CEO and co-founder of Bidrento.
Bidrento was founded by Natalja Napsep and Taavo Annus with the aim of integrating all rental property and tenant management actions into one multi-tasking platform. By automating and facilitating various activities, such as communication with tenants, drafting and signing contracts, conducting tenant background checks, managing day-to-day problems, and sending out rent, utility invoices, and reminders, the platform allows landlords and property managers to spend less time on manual paperwork and focus on growing their business.
Bidrento is used by professional landlords and rental property management companies who are active in commercial real estate, built-to-rent, co-living, student housing, and even mini self-storage.
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