Rently raises $3m to scale Asia presence

The funding round was led by impact investor Orange Bloom.

Proptech startup Rently has announced the close of its $3.8m (US$3m) pre-series A funding round, intended to scale its presence in Asia.

The round,  led by impact investor Orange Bloom, also included participation from Hustle Fund, Woh Hup, Feedback Ventures, and existing investor 5i Ventures, which reaffirmed its support. The funding values the company at US$43m.

Key initiatives include expanding Rently Pay in existing markets, entering Hong Kong and two other Asian cities, and doubling the size of its product and data teams to support platform localization and operational scalability.

According to Rently, the long-term rental market in Asia exceeds $324b (US$250b) annually and remains dominated by traditional leasing processes. The company’s digital approach aims to streamline operations for both tenants and landlords.