CVC has taken a majority stake in OpenRent, the UK's largest direct-to-landlord rental platform, marking the company's first major institutional backing. OpenRent has grown largely without heavy outside funding, having raised only around $8m across its early venture rounds, according to Pitch Book.

The investment gives CVC control of a business already central to the UK rental market. "We are very excited to partner with Adam and Darius who have built a category-leading platform that has already changed how people rent homes in the UK," said Jean-Pierre Saad, Managing Partner at CVC.

OpenRent's growth strategy has focused on connecting landlords directly with tenants, avoiding traditional agency fees. The platform has disrupted the UK rental market by offering lower-cost alternatives to conventional letting agents.

This partnership with CVC provides OpenRent with significant resources to expand its market position and develop new services. The deal represents a major milestone for the company, which has operated with minimal external funding since its founding.