"RentSpree" is a Thai PropTech startup in America that generated over 300 million baht in 2021! It has unveiled its main strategy, focusing on developing a team of Thai professionals to reach "unicorn" status within 3 years.

"RentSpree" is a comprehensive platform that facilitates home rentals, addressing issues and transforming the rental system to be faster and safer. It is one of the Thai startups that has made significant strides in the U.S. market, operating and gaining recognition across all 50 states in areas such as:

  • Tenant Screening
  • Property Management
  • Comprehensive Rental Client Management

In just 6 years, RentSpree has served over 750,000 brokers, property owners, and tenants in the United States, expanding its user base by partnering with over 200 leading organizations in the real estate sector.

RentSpree began its business in 2016, with Pom - Ekabut Sirisupang, one of the Thai co-founders, serving as the Chief Operating Officer (COO), alongside Michael Lucarelli, an executive recognized in Forbes' 30 Under 30 list in the technology category in 2021. RentSpree established its headquarters in Los Angeles, USA, where the U.S. office focuses on business development and customer care, while the office in Thailand handles product development, comprising teams of Software Engineers, Data Engineers, and Product Designers.

In mid-2021, RentSpree secured over 250 million baht in funding, becoming a Series A startup, with 645 Ventures as the main investor, having invested in RentSpree since the Seed Round, along with Green Visor Capital and Vesta Ventures. This funding marked a significant milestone, pushing RentSpree's business valuation to 1.6 billion baht. The company plans to use this investment to elevate its business to a global level and expand its workforce in Thailand, which is crucial for platform development. RentSpree aims to increase its personnel in Thailand from 85 to 200 by the end of 2022, with the Thai product development team being a key factor in establishing itself as a market leader in home rentals in the U.S. within a short period.

Regarding RentSpree's growth rate, it has consistently doubled its revenue every year, generating 300 million baht in 2021. For 2022, the company has set a target of 600 million baht, with a crucial goal of making RentSpree another unicorn startup for Thailand by 2024.

The strategies laid out to achieve RentSpree's goals include four main strategies:

1. People - Developing the platform with a focus on "people". The workforce is a core strength. Additionally, the company culture and employee development are crucial aspects that RentSpree prioritizes. RentSpree is committed to creating a work environment that caters to the new generation, including preparing various benefits, such as skill enhancement for employees to develop current personnel to be as competent as leading talents in global companies in Silicon Valley, USA.

2. Growth - Making RentSpree a more comprehensive home rental platform and becoming essential for brokers, property owners, and tenants alike, to ensure a continuously growing user base.

3. Partner - Increasing the number of partners and creating new technologies to enhance the user experience and help the company reach new customer markets more rapidly.

4. Brand - Transforming the vision of home renting from a transaction to a long-term relationship. RentSpree aims to be the first PropTech startup to make home renting easy, fast, and safe.

Pom - Ekabut Sirisupang, COO and co-founder of RentSpree, stated, "For RentSpree, the key strategy to drive the company towards unicorn status is our focus on People. Thai individuals possess talents that are on par with any nation in the world. As a Thai startup, we aim to recruit Thai talent to be part of our team. We are ready to develop our personnel to grow alongside the company, moving towards our goals together. RentSpree is committed to establishing a new standard for global home renting to enhance people's lives, making it easier, more convenient, and more interconnected within a single platform. We aim to achieve this within the next 3 years to reinforce our vision of creating effective solutions that genuinely address issues in the real estate business, while also expanding the platform for use in other countries worldwide, including Thailand in the future."