Bidrento, an end-to-end rental property management software company, welcomes a new investor, Morgan Stanley Inclusive Ventures Lab, which is a part of the global financial services leader Morgan Stanley. Also, existing investors have joined forces with the new investor in this funding round, supporting the company’s further growth across Europe.
Morgan Stanley Inclusive Ventures Lab investment in Bidrento is part of its commitment to fostering innovation and promoting diversity in the technology and technology-enabled startup sectors. The investment comes through the bank`s Global Inclusive Ventures Lab initiative, which focuses on supporting diverse entrepreneurs and startups working on groundbreaking solutions. Bidrento’s selection for funding underlines the company’s potential to bring transformative change to the real estate management market while contributing to diversity and inclusion in the industry.
Bidrento offers an all-in-one software solution for tenant experience and rental property management for customers who are operating with built-to-rent, student housing, co-living, commercial real estate, and even self-storage type of real estate. In addition, sales and management software solutions for hotels and short-term rentals have also been introduced recently.
Bidrento was founded by experienced real estate professional Natalja Napsep and co-founder Taavo Annus with the aim of covering the entire rental property management cycle. Activities from pre-lease communication to the lease process itself, including full automation of all kinds of invoicing and cost allocation, and to the termination of a lease and onboarding the next tenants to start a new rental process. In addition, Bidrento offers a tenant app that boosts tenant retention and provides tools for the reduction of the CO2 footprint and energy consumption.
“Bidrento solves many complex problems in rental real estate management with a product that has an easy user experience and at the same time has many different options for automating the work of lease and property managers which in turn brings tenant experience to a completely new level,” said Taavo Annus, CEO and co-founder of Bidrento.
To be chosen from over 7,900 companies and onboarding such investor as Morgan Stanley is a significant milestone for Bidrento”, added Natalja Napsep.
According to her, within the past 12 months, the company’s growth has been fast despite turbulent times in the market, having customers from different European countries. Additional tools for hotel and accommodation sales and management will further increase the customer base even more.
“In a short period of time, Bidrento has become the most preferred software for managing rental houses and portfolios in the Baltics and currently, we growing across the CEE region. Using the experience that the company has had in the Baltics and CEE, Bidrento’s next goal is to accelerate expanding into other countries in Europe. In addition, hotels and accommodation providers can now also use Bidrento.”, said Taavo Annus.
Bidrento provides an all-in-one software solution for managing rental real estate portfolios, including commercial properties, built-to-rent units, and co-living spaces. The award-winning platform has gained popularity among real estate funds, student housing companies, and municipalities, with a growing customer base across Europe. Starting this year, Bidrento also offers software for hotel and accommodation management.