Antares Capital Announces Investment in RentWiki, Inc.
Antares Capital Announces Investment in RentWiki, Inc.
Atlanta, GA (PRWEB) April 14, 2010
Antares Capital Corporation (Antares) announced today that it has closed a multimillion dollar investment in RentWiki.com based in Atlanta, Georgia. The financing will be used by RentWiki to fund the company’s continued market expansion and site traffic generation.
RentWiki.com is the first rental website to utilize social media to help renters answer the important question: “What are the local residents saying about the neighborhood?” The website couples a rental search with user-generated content, neighborhood reviews, and the ability for renters and locals to talk to each other.
Founded in March 2008, RentWiki.com launched nationwide in January of 2009 and has since become the fastest growing, most adopted apartment search site in the Multifamily Industry. “We’ve been successfully operating rental and real estate web sites for 13 years,” said Jamie Gallo, CEO of RentWiki.com. “Antares brings a tremendous amount of proven business and operations experience to the table. We are looking forward to working with them to take this business to the next level.”
“We have an excellent track record of investing in smart, successful businesses,” explained Randy Poliner, Antares Capital partner and new addition to RentWiki’s board of directors. “We’re selective in the companies we invest in and they typically have very strong management teams and solid business models. RentWiki is no exception.”
“Our business has reached the point where we have proven the model. Consumers love the social content that Rentwiki offers and clients have embraced our cost effective pay-per-lead model. This funding round gives us the opportunity to invest more heavily in the traffic we need to drive more quality leads to our clients as well as expand our consumer content,” said Robert Turnbull, president of RentWiki.com.
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