Bidrento announced raising an angel round.
Bidrento, a Talinn, Estonia-based SAAS developer of a rental property management platform, announced closing a funding round.
The money was raised from a range of investors led by Timo Rein and Urmas Purde, founders of the sales management software company Pipedrive, and joined by Peep Vain, Taavi Kotka, Ivo Mägi and other local real estate investors.
Proceeds will be used for business expansion of its rental property management platform in Central Europe.
Bidrento, in 2019 by Natalja Napsep, Taavo Annus and Umar Zarip, developed a software tool used for aggregating all rental property management actions into one multi-tasking platform.
By automating and facilitating activities, such as drafting and signing contracts, conducting tenant background checks, managing day-to-day problems, and sending out bills and reminders, the platform allows landlords, letting agents and property managers spend less time on manual paperwork and focus on strengthening their business.