We’ve been covering the wild, but awesome ride that Nashville startup RentStuff has been on since May. RentStuff is a 2011 graduate of the JumpStart Foundry startup accelerator in music city.
Over the summer the Nashville startup relocated to the 1871 startup incubator in Chicago.
RentStuff started off as a peer to peer rental platform. Got a lawn mower rotting away in the garage. You could use RentStuff to rent it out to someone who needed it for a few days. Items like iPads, DSLR cameras and even powerful leaf blowers could be found at RentStuff.
In August the RentStuff team, led by Chris Jaeger, pivoted away from that model in favor of a more traditional rental search utility. Jaeger told us then that they would continue to support both platforms however the original model, despite rave reviews, wasn’t scaling fast enough. You could find a lawnmower for rent in Nashville and a DSLR camera in Pennsylvania, with the people who actually wanted to rent them hundreds of miles away.
Today we found out that RentStuff has been acquired by RentalCompare, the largest searchable database of things to rent across the country. Terms of the sale were not disclosed by press time.
Jaeger has always been a big proponent of the Nashville startup scene, especially the Entrepreneur Center and JumpStart Foundry. Tennessee venture firm Solidus backs several Tennessee accelerators including JumpStart Foundry and also participated in a follow on round for RentStuff.
RentStuff alerted their user base to their acquisition with the message below posted on their Facebook page:
Tennessee is a great place to startup, apply now for the Seed Hatchery accelerator click here
Linkage:
Make sure you have a ticket for this
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