# Garentii

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/garentii

- Industry: Insurance
- Headquarters: Munich, Germany
- Website: www.garentii.com
- Total disclosed funding: $2.2M
- Latest round: Seed (Feb 8, 2022)
- Investors on record: 2

## About

Established in 2021 and based in Munich, Bayern, Germany, Garentii GmbH operates as a provider of a smart security deposit alternative that enables tenants to pay cashless. The firm’s platform also provides property insurance policies and a mobile application that enables tenants to keep their documents and messages online. In February 2022, Garentii GmbH raised EUR 1.9 million in a seed financing round led by Greenlight Re Innovations, with participation from another new investor Elkstone Ventures. Other unspecified investors also participated in the round.

Garentii's flagship offering is its innovative deposit insurance, which empowers renters to pay a nominal monthly fee, often equivalent to the price of a latte, rather than a substantial upfront cash deposit. This forward-thinking approach not only significantly reduces move-in costs for tenants but also provides comprehensive coverage to landlords and property managers. The platform's user-friendly interface streamlines deposit management, enabling landlords to oversee all deposits from a single, convenient location.

## Funding rounds

- Seed, Feb 8, 2022, $2.2M — Elkstone Ventures, Greenlight Re Innovations

## Investors

- Elkstone Ventures (https://capitalatlas.ai/funds/elkstone-ventures) — Seed
- Greenlight Re Innovations — Seed