Estonian start-up company Bidrento closes six-figure funding round
Ellex in Estonia advised Bidrento, a start-up company that develops software that simplifies the management of rental real estate, on their six-figure funding round.
Estonia-based rental property management software company Bidrento has successfully closed a new round of equity funding, which was led by the founders of Pipedrive. The funding will be used for targeting the Central European market, specifically in German-speaking countries.
The round was led by investors Timo Rein and Urmas Purde (founders of the Estonian-born sales management software company Pipedrive) and joined by Peep Vain, Taavi Kotka, Ivo Mägi and other local real estate investors.
Bidrento was advised by Ellex Counsel Antti Perli.
Bidrento was founded in 2019 by Natalja Napsep, Taavo Annus and Umar Zarip with the aim of integrating all rental property management actions into one multi-tasking platform. By automating and facilitating various 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 to spend less time on manual paperwork and focus on strengthening their business.