Monday, April 30, 2018

LeaseLock Lands $10M To Eliminate Security Deposits For Rentals

Los Angeles-based LeaseLock, a new startup that offers up an insurance product which eliminates the need for a security deposit for renters--in exchange for a monthly payment--has raised $10M in a Series A funding round. The company said the funding came from Wildcat Venture Partners, Liberty Mutual Strategic Ventures, American Family Ventures, Moderne Ventures. The company lets renters pay a monthly fee to avoid having to put down a big security deposit, at rates starting at $19 per month. LeaseLock works directly with multifamily property owners, including Lennar Multifamily Communities (LMC), Avenue5 Residential, United Apartment Group, and Bainbridge. More information »

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