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 secured $10 million 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.