Under CEO Michael Lucarelli’s leadership, RentSpree has grown over the past six years into an award-winning seamless platform for real estate agents, owners and renters. It simplifies and automates the entire rental process, from listing to lease. To date, RentSpree has partnered with more than 250 of the most influential MLSs, real estate associations and brokerages to serve over one million users in the U.S.
Through his diligence and tenacity, Lucarelli was able to successfully complete another round of funding in 2023. The company closed $17.3 million in Series B financing, bringing the total amount raised to nearly $28 million. In 2022, RentSpree was ranked 625th on Inc. 5000’s fastest-growing private companies. Lucarelli’s leadership also lead the company to reach over one million users, creating a substantial impact on the rental industry and ultimately people’s lives. Through constant development, RentSpree is further empowering those in the rental process by offering such essential features as the easy-to-use, all-in-one tenant screening as well as its latest rent payment tool. RentSpree has seen an average monthly increase of rent collected via this latest feature by more than 30% year to date as of August. Given this trajectory, RentSpree will process more than $160 million in rental payments over the next 12 months.
What is one thing you would tell a younger version of yourself?
The future of entrepreneurship is dependent on entrepreneurs and business leaders truly knowing their place in the market, and using data to deliver targeted strategic value. Today, business leaders have to be much more strategic and smarter about identifying and capturing customers.
Name:
Michael Lucarelli
Age:
32
Title:
CEO and Co-Founder
Company Name:
RentSpree
Industry
Real Estate
