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As Rents Hit An All-Time High, Theguarantors Announces $50 Million Series C Led By Portage Ventures To Improve Affordability And Accessibility Of Renting

Apr 25, 2022•over 3 years ago

Amount Raised

$50 Million

Round Type

series c

Description

TheGuarantors, the fintech company building smart financial and insurance solutions for renters and landlords, today announced it had raised $50 million in series C equity funding. The round was led by Portage Ventures, with participation from Kensington Capital Partners, Arch Capital Group Ltd., and Roosh Ventures, as well as earlier investors including Alven. The newly injected capital will allow TheGuarantors to expand its product offerings and team.

Company Information

Company

The Guarantors

About

Additionally, the company estimates that five million households will struggle to get approved for a new rental unit this year based on their finances. The company more than doubled its revenue each year since inception and tripled its revenue in 2021, fueled by explosive adoption among landlords and the renters they serve. The company ranks on the lists of The Inc. 5000, Forbes' Best Startup Employers, and The Financial Times' Fastest Growing Companies. "I founded TheGuarantors to address the fundamental human need for housing," said Julien Bonneville, CEO of TheGuarantors. TheGuarantors is a fintech company that improves affordability and accessibility for the 46 million American households that rent their homes.

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