Plenti raises €5 million to build a managed marketplace for electronic devices rental
Plenti offers electronic devices in a circular economy model, enabling access to the latest devices on demand, without forcing users to own them. The company offers a subscription model, from 1 up to 12 months, allowing users to only pay for the usage of their gear. Plenti has raised €5 million in a late Seed round led by 4growth VC, with the participation of Montis Capital and NIF, and other investors. The funding will help the company develop the supply-side partnership program that enables Plenti to grow faster while remaining asset-light. Plenti also plans to strengthen its position in Poland, and prepare the company for European expansion next year.