# TheGuarantors Agency

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/theguarantors-agency

- Industry: Insurance
- Headquarters: New York, US
- Website: www.theguarantors.com
- Total disclosed funding: $77M
- Latest round: Series C (Apr 25, 2022)
- Investors on record: 16

## About

TheGuarantors Agency, based in the US, provides innovative insurance solutions designed to ease rental processes for tenants and property managers, enhancing financial security and access to housing.Founded in 2014 in New York, TheGuarantors Agency specializes in offering insurance products for the rental market. The co-founders, Bob Schmidt and Julien Bonneville, have significant backgrounds in the insurance sector, contributing to their expertise in this niche market.TheGuarantors offers innovative insurance solutions tailored to the rental market, primarily focusing on helping individuals secure rental properties and providing property managers with enhanced financial security. Their core product offerings include Rent Coverage, which enables renters to qualify for leases even if they face traditional barriers such as a lack of credit history or prior rental issues, and Deposit Coverage, aimed at reducing the upfront financial burden of security deposits. These services are designed to address the challenges faced by renters—particularly students, recent graduates, freelancers, and international residents—by facilitating access to housing and streamlining the leasing process. Additionally, TheGuarantors provides Renters Insurance to protect tenant belongings and ensure compliance with rental agreements. The company serves a diverse client base that includes multifamily and single-family rental operators, independent landlords, and student housing providers across several U.S. markets, enhancing occupancy rates and reducing the risk of bad debt through their offerings.TheGuarantors generates revenue primarily through transaction-based fees associated with their insurance products, which are structured to serve both renters and property managers. By providing services such as Rent Coverage and Deposit Coverage, the company establishes a direct-to-consumer model where renters pay fees for guaranteed lease coverage and deposit protection. Additionally, property managers and landlords benefit from reduced financial risk, which incentivizes them to partner with TheGuarantors to enhance their leasing operations. The transactional structure is designed to streamline revenue generation through partnerships with rental operators, enhancing both occupancy rates and financial performance for clients. As a licensed insurance broker, TheGuarantors operates within the regulatory framework of multiple states, ensuring compliance while delivering valuable services to their client base.In April 2023, TheGuarantors Agency raised USD 35.00 mn in VENTURE DEBT funding, which will be utilized to enhance their growth, product development, and engineering capabilities. The company is actively working on new insurance products aimed at further simplifying the rental process for both tenants and landlords. Additionally, they plan to expand their business into new markets, targeting regions with growing rental demands by the end of 2024.

## Funding rounds

- Series C, Apr 25, 2022, $50M — Alven, Arch Capital Group Ltd., Portage Ventures, Kensington Capital Ventures, Roosh Ventures
- Series B, Feb 25, 2019, $15M — Partech Partners, Alven, White Star Capital, Global Founders Capital, SilverTech Ventures
- Series A, Nov 10, 2017, $12M — Partech Partners, Alven, Rocket Internet SE, White Star Capital, Global Founders Capital, FJ Labs, SilverTech Ventures
- Seed, Aug 21, 2017 — FJ Labs
- Seed, May 1, 2016 — Loric Ventures
- Seed, Jan 1, 2016 — Partech Partners, Alven, Kima Ventures, White Star Capital, 50 Partners, Residence Ventures, SilverTech Ventures, Fides+Ratio

## Investors

- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Seed, Series A, Series B
- Alven (https://capitalatlas.ai/funds/alven) — Seed, Series A, Series B, Series C
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- White Star Capital (https://capitalatlas.ai/funds/white-star-capital) — Seed, Series A, Series B
- 50 Partners (https://capitalatlas.ai/funds/50-partners) — Seed
- Residence Ventures — Seed
- SilverTech Ventures (https://capitalatlas.ai/funds/silvertech-ventures) — Seed, Series A, Series B
- Fides+Ratio (https://capitalatlas.ai/funds/fides-ratio) — Seed
- Loric Ventures (https://capitalatlas.ai/funds/loric-ventures) — Seed
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed, Series A
- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Series A
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A, Series B
- Arch Capital Group Ltd. — Series C
- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Series C
- Kensington Capital Ventures (https://capitalatlas.ai/funds/kensington-capital-ventures) — Series C
- Roosh Ventures (https://capitalatlas.ai/funds/roosh-ventures) — Series C