Rhino New York
Latest round
- Series A
Last raised
- Aug 2020
Total raised
- $33M
Investors
- 7
About Rhino New York
Founded in 2017 in New York, Rhino New York LLC focuses on insurance solutions for renters.00 mn.Rhino specializes in revolutionizing the rental industry through its innovative core offerings, primarily focusing on Security Deposit Insurance and Renters Insurance. Their Security Deposit Insurance replaces traditional cash security deposits with a small premium payment, enabling renters to secure their rental properties without the financial burden of large upfront cash deposits. This solution addresses significant pain points for renters, particularly first-timers and families facing financial constraints, by making the moving process more affordable and accessible. Additionally, Rhino's Renters Insurance provides comprehensive coverage to protect personal belongings during tenancy.Rhino generates revenue primarily through the collection of premiums for its insurance products, structured as a direct-to-consumer service model. Clients, including landlords and property management companies, pay for Rhino's Security Deposit Insurance as part of the lease signing process, wherein renters opt for this product instead of a cash deposit. The transaction typically involves the renter paying a monthly premium, with the insurance policy securing the property owner's interests in the event of damages or unpaid fees. Rhino aims to offer flexible pricing plans that accommodate various renter needs, providing a cost-effective alternative to traditional deposit requirements. Upcoming products designed to enhance the rental experience will be launched in the near future, with a focus on increasing accessibility for renters. The company is targeting urban centers across the United States for expansion, leveraging the growing demand for flexible rental solutions.
Who invested in Rhino New York
7 investors across 5 rounds
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Questions about Rhino New York
Who invested in Rhino New York?
Rhino New York has 7 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Rhino New York raised?
Rhino New York has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Rhino New York last raise money?
Rhino New York's most recent round on record is a Series A, in Aug 2020.
What does Rhino New York do?
Founded in 2017 in New York, Rhino New York LLC focuses on insurance solutions for renters.
Where is Rhino New York headquartered?
Rhino New York is headquartered in New York, US.
Which VCs invest in companies like Rhino New York?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Rhino New York's stage. Their profiles are linked below.
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