Renterra, a Chicago-based company serving equipment rental businesses, raised $9 million in Series A funding to fuel expansion and improve its tech. The company’s software outfits businesses with tools to help modernize operations, improve customer experiences and access new avenues for growth.
“This investment gives us the fuel to move even faster and think even bigger,” Andy Feis, Renterra’s co-founder and CEO, said in a statement. “Rental businesses are the backbone of construction, infrastructure and local economies, yet they’ve historically been underserved by technology. We’re building the platform that will define how this industry operates for the next decade, with AI playing a practical role in helping rental companies win.”
Avenue Growth Partners led the funding round that enables Renterra to build out its workforce across engineering, product, customer success and go-to-market. The company will also continue making platform enhancements and furthering its product roadmap.
