US-based LeaseLock, a new insurance technology product for the rental housing market, announced it has completed a $10 million Series A round of financing to enable expansion. Insurtech, LeaseLock, Funding, Insurance, Reinsurance, North America, Reichen Kuhl
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 .