US insurtech LeaseLock has raised $ 10 m in a series A funding round led by equity Venture Partners , and investor participation from Liberty Mutual Strategic Ventures , American Family Ventures and Moderne Ventures . LeaseLock offers investors an alternative to mortgage deposits via insurance , offering loans for up to six times rent and damages . CEO Reichen Kuhl said the latest investment would be used to " aggressively expand " the business across the country .
US insurtech LeaseLock has secured $10m in a series A funding round led by Wildcat Venture Partners, and featuring participation from Liberty Mutual Strategic Ventures, American Family Ventures and Moderne Ventures. LeaseLock offers tenants an alternative to security deposits via insurance, offering cover for up to six times rent and damages. CEO Reichen Kuhl said the latest funding would be used to "aggressively expand" the business across the country.