TheGuarantors has just completed a $15 million Series B, which makes their total funding amount to $27 million. This new round was funded by Alven, Global Founders Capital, White Star Capital, and Partech. The round also comprised an array of top players from the insurance and real estate industries

TheGuarantors is an insurtech startup aimed at improving tenant-landlord relationships through innovations in product development and delivery. In 2016, the company launched its residential lease guarantee business focused on helping qualified renters secure apartments. The company has since guaranteed over $200 million in rent. In 2018, TheGuarantors launched residential security deposit replacement and renters insurance offerings, adding to their suite of products designed to help landlords further reduce risk when finding tenants.

Landlords and property managers across the country have enjoyed using the platform, which is now activated in nearly 200,000 units across 39 states, including California.

TheGuarantors has just completed a $15 million Series B, which makes their total funding amount to $27 million. This new round was funded by Alven, Global Founders Capital,  White Star Capital, and Partech. The round also comprised an array of top players from the insurance and real estate industries, including Marcus & Millichap Technology Ventures (MMCT), the venture capital arm of Marcus & Millichap, the largest national commercial real estate brokerage firm specializing in real estate investment services.

The company will use the funding to expand its existing platform nationwide and to launch its new product for the commercial real estate market. The new offering, called Securiti™ acts as a financing tool for tenant companies to replace traditional office security deposits at around half the cost of its alternatives. As the first product of its kind in the office real estate market, it significantly improves cash position for tenants to put to growth, while offering landlords enhanced protection.