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Rentcycle, San Francisco, which became known as "Otkryt'Tablicu rental product, announced today that it raised $ 1.4 million in initial funding. Round headed the joint fund, young seed fund founded by Craig Shapiro, invests in startups on peer-to-peer, sharing resources and creative innovation in business.
A number of other notable VCs and Angels participated in the round, including Andreessen Horowitz, SV Angel, founder collective and Amicus capital and Angel investors, including Max Levchin, co-founder of PayPal and Chairman Yelp and founder of Shopzilla Farhad Mohit.
Within the framework of this infusion of capital, Rentcycle also adds two well-known advisers to its roster: Netflix Founder Marc Randolph and Chuck Templeton, founder of the popular restaurant reservation service, Otkryt'Tablicu. (Templeton Rentcycle will also join the Board of Directors.) According to Rentcycle co-founder and CEO Tim Heyer launch will use round to increase employment, especially in the area of rockstar engineers.
So what is it about this young startup with an impressive list of investors and advisers, jazzed to be part of its collective registry? To start the industry Rolled product is the $ 85 billion, the CEO said to me, and this happens as one which is in dire need of a common resource for all things car rental.
It is for this reason that provides composite industry (on the tools and equipment, parties and events for the sports and recreation), with full catalog of many family Rental shops, currently operates in the United States
Thus, when considering Rentcycle from the perspective of a consumer, the platform is a service that allows you to easily find, compare and rent anything and everything online — from skiing jackhammers and bouncy House designer dresses. It's all under one roof. And for the seller, Rentcycle offers cloud-based management solutions that enable businesses to Hire not only bring their brick and mortar operations via the Internet, but also allows you to keep track of their inventory online and manage reservations and payments via the Internet.
Rentcycle graduated from Silicon Valley incubator founder Institute in 2009 and has since gone through several beta launches, with the last iteration will go live in March of this year. Since March launch already has grown to 30 K monthly active users and has been focusing exclusively on building Rental supply and demand for travel, Heyer said.
In the end, from the perspective of the consumer at first glance Rentcycle value proposition is obvious: for those who may still be feeling the effects of the recession, or for those who can not go skiing is enough to make it worth buying a new pair of skis, for example, the lease is the best way to go. Of course, traditionally Rental businesses to sites like Netflix and Airbnb blew up on the main stage were few and far between.
But consumers have become much more comfortable with pay for access to products and services as an alternative to outright purchase, and very well may find themselves at Rentcycle top this new wave as it strives to be an all-in-one car rental resource for all stripes digital commerce. Definitely one to watch.
Chime in and let us know what you think. The screenshot and video below:
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