# InsureStreet

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

- Industry: Internet
- Headquarters: UK
- Website: www.canopy.rent
- Total disclosed funding: $3.4M
- Latest round: Seed (Jun 26, 2020)
- Investors on record: 1

## About

InsureStreet Limited, through its brand Canopy, provides technology solutions that streamline the renting process for tenants, landlords, and agents in the UK, enhancing efficiency and accessibility in rental transactions.Founded in 2015 in the UK, InsureStreet Limited operates under the brand Canopy, which offers innovative solutions for the rental market. The company's founders, Rakesh Murria and Tahir Farooqui, aimed to simplify the renting experience. In June 2020, InsureStreet raised GBP 2.76 million in Seed funding led by West Hill Capital, contributing to a total amount raised of GBP 2.76 million with a current company valuation of GBP 18.90 million. The firm has completed a total of 6 deals since its inception.Canopy, operating under InsureStreet Limited, offers technology solutions that enhance the renting experience for renters, agents, and landlords. The company's core product, the RentPassport, facilitates fast and efficient tenant referencing, allowing prospective renters to streamline their application processes. This product serves the end goal of making renting more accessible and hassle-free, enabling users to expedite their move-in process. Canopy's services extend to seamless moving solutions, providing essential resources to renters and landlords alike, primarily targeting urban areas in the UK with high rental demands.Canopy generates revenue through its subscription-based model, where renters, agents, and landlords pay for access to its suite of services. The RentPassport operates on a fee structure that charges users for speedy rental references and related moving services. By facilitating B2B transactions between landlords and renters, as well as offering services directly to consumers, Canopy positions itself as a key player in the rental market. The revenue model emphasizes service fees that cater to a diverse clientele in the rental lifecycle.InsureStreet Limited plans to leverage its recent Seed funding, raised on June 26, 2020, to enhance its product offerings and expand its market reach. The funding, part of a larger GBP 10 million Seed funding round, will support the development of new products aimed at improving the renting process further. The company is also exploring opportunities for expansion into additional urban markets within the UK, focusing on regions with significant rental activity, although specific locations and timelines have not been detailed.

## Funding rounds

- Seed, Jun 26, 2020, $3.4M — West Hill Capital

## Investors

- West Hill Capital (https://capitalatlas.ai/funds/west-hill-capital) — Seed