Total amount raised
$63.75M
Latest funding date
2023-03-01
Location
LeaseLock has successfully raised funds over nine rounds, with the latest being a Venture - Series Unknown round. The company is backed by a total of 28 investors, including notable names like Sudeep Ramnani and Jai Mahtani.
Keep reading to explore the intricacies of LeaseLock's fundraising journey and the investors backing this innovative platform.
LeaseLock has raised at least $63.5M across nine funding rounds, backed by investors including Westerly Winds, Wildcat Venture Partners, SoftBank Ventures Asia, Vertex Ventures US, Liberty Mutual Strategic Ventures, American Family Ventures, Moderne Ventures, RWT Horizons, and Mucker Capital, among others.
Keep reading to explore LeaseLock's full fundraising journey and its key backers.
What Is LeaseLock?
LeaseLock is an insurtech company founded in 2014 and headquartered in Dallas, Texas. The company provides AI-powered lease insurance under its flagship product, Zero Deposit™, which replaces traditional security deposits for enterprise multifamily operators. By insuring leases at the property level, LeaseLock eliminates upfront deposit costs for renters while protecting landlords against financial losses — covering unpaid rent, damages, and eviction fees. LeaseLock operates across the United States and serves enterprise real estate firms managing hundreds of thousands of apartment homes.
How Much Funding Has LeaseLock Raised?
- Seed Round
- Amount Raised: USD 1,000,000
- Date: December 2016
- Lead Investors: American Family Ventures
- Other Participants: Undisclosed financial technology investors
- Series A
- Amount Raised: USD 10,000,000
- Date: April 2018
- Lead Investors: Wildcat Venture Partners
- Other Participants: Hivers & Strivers, Liberty Mutual Strategic Ventures, American Family Ventures, Moderne Ventures
- Series A Extension
- Amount Raised: Undisclosed
- Date: June 2019
- Lead Investors: Undisclosed
- Convertible Note
- Amount Raised: Undisclosed
- Date: January 2020
- Lead Investors: Undisclosed
- Series B
- Amount Raised: USD 52,000,000
- Date: February 2021
- Lead Investors: Westerly Winds, Wildcat Venture Partners
- Other Participants: SoftBank Ventures Asia, Vertex Ventures US, Liberty Mutual Strategic Ventures, American Family Ventures, Moderne Ventures, Strata Equity Group, Veteran Capital, Mucker Capital
- Convertible Note / Venture Debt
- Amount Raised: Undisclosed
- Date: January 2022
- Lead Investors: Undisclosed (PenFed Foundation's Veteran Entrepreneur Investment Program noted as participant)
- Series Unknown
- Amount Raised: Undisclosed
- Date: April 2022
- Lead Investors: RWT Horizons
- Secondary Market
- Amount Raised: USD 750,000
- Date: February 2023
- Lead Investors: Undisclosed
- Participants: Hivers & Strivers
- Series Unknown
- Amount Raised: Undisclosed
- Date: March 2023
- Lead Investors: Undisclosed
Total Amount Raised: At least $63.75M based on disclosed funding (several rounds have undisclosed amounts).
Key Investors
- Westerly Winds
- Details: A London-based venture firm founded by former BlackRock partners. Westerly Winds co-led LeaseLock's $52M Series B in February 2021.
- Wildcat Venture Partners
- Details: An early-stage B2B and B2B2C tech-focused VC based in Los Angeles. Wildcat led LeaseLock's Series A in 2018 and co-led the Series B in 2021.
- American Family Ventures
- Details: The venture arm of American Family Insurance, a $12B insurance company. American Family Ventures led LeaseLock's initial $1M seed round in December 2016 and participated in subsequent rounds.
- SoftBank Ventures Asia
- Details: The Asia-focused early-stage venture arm of SoftBank Group. Participated in LeaseLock's $52M Series B in 2021.
- Vertex Ventures US
- Details: A U.S.-based arm of the global Vertex Ventures network. Participated in the Series B round in 2021.
- Liberty Mutual Strategic Ventures
- Details: The corporate venture arm of Liberty Mutual Insurance. Participated in LeaseLock's Series A (2018) and Series B (2021).
- RWT Horizons
- Details: The venture investment arm of Redwood Trust, focused on housing innovation. Led an undisclosed Series Unknown round in April 2022.
- Mucker Capital
- Details: A Los Angeles-based early-stage VC and accelerator. An early supporter of LeaseLock through its MuckerLab accelerator program and continued investor through the Series B.
What's Next for LeaseLock?
LeaseLock is positioning itself as the leading insurtech platform for enterprise real estate, continuing to drive adoption of its AI-powered Zero Deposit™ lease insurance product across the U.S. multifamily housing market. With backing from a diverse group of strategic investors spanning insurance, real estate, and technology sectors, the company aims to scale its platform and ultimately make security deposits a thing of the past for renters and landlords alike.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data like LeaseLock's and find the best prospects for your business. Sign up for free today.
