2024 Case Study: Business Angels Fund and InRento's Transformational Growth
About Business Angels Fund
Business Angels Fund (BAF) is a leading investment initiative that partners with visionary founders to accelerate the growth of innovative businesses across the Baltics and beyond. With a focus on early-stage investments, BAF brings together experienced entrepreneurs and investors to provide not only financial backing but also mentorship and strategic guidance. The fund prides itself on identifying high-potential ventures with the power to create meaningful impact while generating substantial returns.
InRento: A Success Story
At the heart of BAF’s portfolio lies InRento, an innovative platform revolutionizing the financing of rental real estate projects. BAF invested in Rikanus, InRento's parent company, in early 2020 at a valuation of nearly €2 million. Since then, InRento has achieved extraordinary milestones, establishing itself as a leading name in investment technology.
Starting with annual revenues of just €4.2k, InRento grew at an average annual rate of 463% over four years, reaching €758k by 2024. By autumn 2024, the platform’s monthly funded project value had soared to €30 million. Achieving a zero bad debt ratio by mid-2024 cemented its position as a reliable player in the fintech space. Recognition soon followed, with InRento winning the title of #1 Investment Tech at the European Fintech Awards that same year. Over this period, secondary trades of company shares reflected strong investor confidence, resulting in a fivefold valuation increase by mid-2024.
What Drives Investment Success
BAF’s decision to back InRento stems from its alignment with the fund’s core principles: supporting visionary founders and transformative ideas. The leadership at InRento demonstrated the ambition and capability to capture a significant market opportunity in rental real estate. Combining innovation, market potential, and operational excellence, the company embodied the qualities BAF seeks in its investments.
2025 Outlook: Trends and Opportunities
The private equity and venture capital landscape in 2025 is expected to focus on industries that tackle global challenges and leverage cutting-edge technologies. BAF highlights several key sectors poised for growth, including:
- Space exploration technologies
- Cybersecurity, addressing the growing need for secure digital infrastructure
- Robotics and AI, driving automation and intelligent systems
- Blockchain and digital health, enhancing transparency and accessibility
- Autonomous logistics and energy efficiency, meeting sustainability goals
Supporting founders with bold ideas and calculated strategies remains central to BAF’s mission. These entrepreneurs not only innovate but also create meaningful, large-scale impact across the EU and beyond.
InRento’s remarkable success exemplifies the outcomes BAF strives to achieve through its investments. As the fund looks toward 2025, its commitment to backing ambitious founders and transformative ventures continues to pave the way for groundbreaking advancements and exceptional returns for both startups and limited partners.