Rentman, based in Utrecht, Raises €20 Million to Support the Media Production and Events Industry

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Global software provider Rentman, which offers SaaS solutions to the media production and events sector, has announced that Expedition Growth Capital has invested €20 million in growth equity. This investment, which is Rentman’s first outside funding since the company’s founding, will quicken the company’s platform development roadmap, strategic acquisitions, and new customer-focused investments.

With cloud-based software, Rentman enables the organisations and groups that produce events and media to effectively manage their two most important resources: personnel and equipment. Rentman’s platform has been used to deliver over a million projects in the last year, ranging from blockbuster film productions and large-scale music festivals to corporate live-streaming broadcasts and wedding celebrations. With more than 250,000 users of Rentman’s software platform, the company provides services to over 3,700 clients in more than 100 countries.

CEO Roy van den Broek, who had previously owned and run an audio-visual equipment rental business and knew firsthand how painful legacy software could be, founded Rentman.

As the first software as a service (SaaS) solution to combine crew and equipment management, Rentman was introduced to the market in 2015 to meet the complex needs of media and event production. The platform recently received integrated RFID functionality and a stand-alone Crew Management product.

“Rentman is embarking on an exciting new chapter with this investment. Roy van den Broek, CEO and founder, stated, “We think professionals in event and media production deserve amazing software, and we’re proud that our platform helps our users to deliver unforgettable productions.” “We see growing demand in North America, Europe, and other important regions. With Expedition’s funding and specialised partnership, we will be able to expedite our plans.”

Joining Rentman’s board of directors, Will Sheldon, a partner at Expedition Growth Capital, said, “Rentman is profitable, growing rapidly, and has a strong, ambitious company culture.” Speaking with Rentman’s clients made it evident that the company provides a cutting-edge platform that supports intricate workflows in this extremely demanding sector. We are thrilled to be travelling with Rentman and have an exciting roadmap ahead of us.

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