New York-based Jetty has picked up an $11.5m Series A funding round led by Valar Ventures.
Other backers to the round included Ribbit Capital, SV Angel, BoxGroup, and Red Swan.
Jetty is a home insurance platform for both renters and landlords, with three products currently available: Jetty Passport Deposit, Jetty Passport Lease, and Jetty Renters. The platform helps to simplify the security deposit, finding a lease guarantor and obtaining renters insurance processes.
The Renters insurance allows clients to protect their homes contents as well as themselves from any potential incidents. Jetty’s Passport Deposit product to enables landlords to receive security deposit and lease guarantor requirements quicker and a single place for risk management.
Jetty co-founder and CEO Mike Rudoy said, “We’re not trying to fix insurance just for the sake of it, we’re trying to fix real-world problems. As a first step, we’ve combined existing financial services and insurance products in a new way to create an all-encompassing solution for renters and landlords alike. Looking ahead, we consider the intriguing possibility that building a successful insurance company may not rely upon selling insurance alone.”
Earlier this year the company bagged a $4m seed funding round.
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