Rendin raises €1.2 million in a seed funding round led by Tera Ventures

Rendin, a Talinn, Estonia-based insurance startup, announced completing a funding round of €1.2 million ($1.5M).

The money was raised from investors led by Tera Ventures, and including contributions from Iron Wolf Capital, Truesight Ventures, Atomico Angel Program and Startup Wise Guys.

Rendin, founded in 2020 by CEO Alain Aun, aims to sell a product that lowers the risks for both property owners and tenants. The company provides a mobile app, via whch the parties can sign a digital agreement and forgo the security deposit.