Key Highlights include:
“We have reached a number of our initial targets well ahead of schedule and with this additional capital we are now well placed to accelerate our marketing, product development and sales objectives,” Mr Woschnak said.
“The level of oversubscription for the Placement acknowledges the progress made by the Company in a short period of time and recognises the scale of the market opportunity presented by RENT. We will continue to focus on building the complete rental marketplace, pursuing the proven model of success demonstrated in other markets by leading sites such as SEEK, REA and Carsales.”
Grange Capital Partners acted as lead manager to the Placement.