LeaseLock is a company.
LeaseLock has raised $62.0M across 2 funding rounds.
Key people at LeaseLock.
LeaseLock has raised $62.0M in total across 2 funding rounds.
LeaseLock has raised $62.0M in total across 2 funding rounds.
LeaseLock's investors include BlueRun Ventures, Craft Ventures, FINTOP Capital, FJ Labs, Foundation Capital, Hiro Capital, Lumia Capital, Moderne Ventures, Pioneer Square Labs, Social Capital, Thomvest Ventures, Wildcat Ventures.
LeaseLock is an insurtech company founded in 2016 that provides an AI-powered lease insurance platform, serving as the only true deposit replacement solution for the multifamily rental housing industry.[1][2] It targets property owners, operators, and renters by eliminating security deposits, offering up to $3,000 in rent loss and damage coverage per lease, which deploys seamlessly in online leasing checkouts to boost conversion rates, reduce bad debt, minimize administrative burdens, and improve resident experiences.[1][2] With an industry-leading 92% adoption rate among clients and over $1 billion in insured leases backed by A-rated insurance, LeaseLock drives growth by enhancing NOI, risk mitigation, and housing affordability.[1][2]
LeaseLock was founded in 2016 as a remote company based in Indiana, emerging from the need to revolutionize risk management in rental housing by replacing traditional security deposits with innovative insurance technology.[2][3] The idea gained traction through pioneering the industry's leading lease insurance offering, "Eliminates Deposits for Good™," which leverages AI to power faster, simpler rental transactions and has since insured over $1 billion in leases.[2][3] Key early milestones include product upgrades like AI enhancements and partnerships with major investors such as SoftBank Ventures Asia, Liberty Mutual Strategic Ventures, and American Family Ventures, fueling rapid evolution in the multifamily sector.[1][2][7]
Led by CEO Janine Steiner Jovanovic, the leadership team combines expertise in real estate, fintech, data science, and insurance, including CTO Sudip Shekhawat, CFO Oliver Gratry, and other SVPs in operations, engineering, sales, and partnerships.[5] This team has driven pivotal moments like platform innovations and high client adoption, humanizing the company's mission to break financial barriers for renters while protecting operators.[3][5][8]
LeaseLock rides the insurtech wave in real estate, addressing surging rental demand amid housing affordability crises by digitizing and insuring lease risks with AI—perfect timing as multifamily operators face rising bad debt and regulatory pressures on deposits.[1][3][4] Market forces like digital leasing adoption, ESG focus, and post-pandemic remote work favor its model, enabling operators to cut admin costs while making housing accessible, influencing ecosystem-wide shifts toward deposit-free rentals.[2][4] Through partnerships with NMHC, NAA, and others, it drives industry transformation in data-driven risk management and sustainability.[4]
LeaseLock is poised for expansion with ongoing AI platform upgrades, deeper multifamily penetration, and policy advocacy amplifying deposit elimination nationwide.[1][4][7] Trends like AI risk analytics, ESG investing, and renter mobility will propel growth, potentially insuring billions more leases as top operators standardize on its solution. Its influence may evolve to redefine global rental standards, tying back to its core mission of revolutionizing insurtech for equitable housing.[1][2][3]
Key people at LeaseLock.
LeaseLock has raised $62.0M across 2 funding rounds. Most recently, it raised $52.0M Series B in February 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2021 | $52.0M Series B | BlueRun Ventures, Craft Ventures, FINTOP Capital, FJ Labs, Foundation Capital, Hiro Capital, Lumia Capital, Moderne Ventures, Pioneer Square Labs, Social Capital, Thomvest Ventures, Wildcat Ventures, Greg Kidd, Javier Olivan, Oneal Bhambani | |
| Apr 1, 2018 | $10.0M Series A | BlueRun Ventures, Craft Ventures, FINTOP Capital, FJ Labs, Foundation Capital, Lumia Capital, Moderne Ventures, Pioneer Square Labs, Social Capital, Thomvest Ventures, Wildcat Ventures, Greg Kidd, Javier Olivan, Oneal Bhambani |
