Renterra Raises $9M Series A to Power the Future of Equipment Rental

We’re excited to share a major milestone in Renterra’s journey. We’ve closed a $9 million Series A funding round led by Avenue Growth Partners, with continued support from existing investors. This marks an important step forward as Renterra continues to build the next-generation operating system for modern equipment rental businesses.

Since launching, Renterra has grown rapidly to serve hundreds of rental companies across the U.S. and Canada, helping them manage everything from inventory and contracts to online bookings, payments, and customer communications.

This new capital will allow Renterra to significantly accelerate product development, expand its engineering and customer success teams, and continue investing in AI in a way that is practical and directly useful for rental businesses. Renterra is focused on applying AI to help rental companies work faster, make better decisions, operate more profitably, and deliver a better experience to their customers.

Avenue Growth Partners brings deep experience in scaling vertical SaaS businesses and partnering closely with founders to build category-defining platforms. Their team has helped guide numerous fast-growing software companies through their next stages of growth, making them a strong strategic partner as Renterra expands its footprint and solidifies its position as a leader in bringing AI to the rental industry.

“We built Renterra to give rental businesses the same modern tools that power the best technology companies in the world,” said Andy Feis, Co-Founder and CEO of Renterra. “Rental businesses are the backbone of construction, infrastructure, and local economies, yet they have historically been underserved by technology. We are building the platform that will define how this industry operates for the next decade, with a strong focus on applying AI in a real-world, practical way for rental companies. We are thrilled to partner with Avenue Growth Partners and our existing investors to keep pushing that vision forward.”

The funding will also support Renterra’s growing customer base, with new investments in onboarding, support, and implementation to ensure rental companies get value from day one and continue to scale confidently on the platform.

Renterra is grateful to its customers, partners, and team members who have helped make this milestone possible. The company looks forward to sharing more product launches, partnerships, and growth in the months ahead as it continues to build the future of equipment rental.

Renterra is hiring across the board. If you are excited about building the future of equipment rental software and helping bring practical AI to a traditionally underserved industry, you can explore open roles and apply at: https://getrenterra.com/careers