Rentvine, a property management software platform serving the long-term residential property rental market, raised $74 million in growth capital from Mainsail Partners. The investment will help enable the company to further enhance the property manager experience through ongoing product innovation and excellent customer service. Additionally, Rentvine plans to continue expanding its product suite to better serve all stakeholders, including residents, property owners and vendors.
“After more than 20 years in property management, we set out to create software that the industry not only deserves but also trusts and loves using daily,” Dave Borden, co-founder and CEO of Rentvine, said. “Mainsail’s extensive experience in PropTech and their ability to help scale vertical SaaS platforms will support us as we continue transforming property management companies.”
“The property management community has long sought a flexible, centralized solution that not only enhances operational efficiency but also scales as their client base grows,” Gavin Turner, co-founder and managing partner at Mainsail Partners, said. “Given Dave and Jon’s firsthand experience in the property management industry, it’s no surprise that they’ve answered this need with a modern, integrated suite of solutions specifically designed to support that growth.”
“This partnership with Mainsail will empower us to realize our vision of delivering superior property management software — software that customers enthusiastically recommend to their peers, that employees are proud to support and that offers long-term value to the entire property management community,” Jonathan Ewen, co-founder and president of Rentvine, said. “Mainsail’s industry experience and operational resources will be highly valuable as we enter the next phase of growth for our product, company and customers.”
Croft & Bender acted as the exclusive financial advisor and DLA Piper served as legal counsel to Rentvine. Morris, Manning & Martin served as legal counsel to Mainsail Partners.
