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Renterra raises $3 million in new funding to expand offerings

By Brock Huffstutler

April 21, 2024

Renterra, Chicago, a software platform for the equipment rental industry, announced that through an investment led by Bienville Capital, it has raised $3 million to accelerate its product development, expand its market reach and enhance customer support services.

Renterra also said that during the current round of fundraising for the company’s initiatives, additional investments from Iron Prairie Ventures, Alaris Capital and select strategic individuals brings its total financing to $4 million.

“We are thrilled to deepen our partnership with Andy [Feis], Nick [Hibberd], and the Renterra team. It’s been impressive to watch Renterra empower such a large industry with AI-powered software tools and standout customer support,” said Blake Bennett of Bienville Capital.

Renterra said its cloud-based operating system is designed to streamline all aspects of the modern equipment rental company. Its offerings are accessible on any device, including a fully-functional mobile application. Additionally, Renterra now offers an Integrated Online Storefront that allows rental companies to bring their businesses online in minutes, the company said.

“We are very excited to be on the forefront of technological innovation in an industry that has historically been wildly underserved. The response from our customers has been overwhelmingly positive and we can’t wait to use this capital to continue to bring them the best rental software on the market,” said Andy Feis, co-founder and CEO, Renterra.