What is Jetty?
Jetty operates as a fintech solution designed to enhance the rental experience. For property managers, Jetty's platform aims to boost lease conversion rates, mitigate bad debt, and streamline operational workflows. Concurrently, it lowers the financial barriers for renters, significantly reducing upfront move-in costs. The company's nationwide availability and New York City headquarters position it as a key player in the proptech and insurtech sectors, leveraging financial technology to address common friction points in the residential rental market.
How much funding has Jetty raised?
Jetty has raised a total of $63.5M across 4 funding rounds:
Other Financing Round
$4M
Series A
$11.5M
Series B
$25M
Unspecified
$23M
Other Financing Round (2016): $4M with participation from BoxGroup, Social Capital, MetaProp NYC, Ribbit Capital, Solon Mack Capital, Graph Ventures, SV Angel, Red Swan Ventures, and Mo Koyfman
Series A (2017): $11.5M led by BoxGroup, Ribbit Capital, SV Angel, and Red Swan Ventures
Series B (2019): $25M supported by Ribbit Capital, Khosla Ventures, and Valar Ventures
Unspecified (2021): $23M featuring Citigroup and Flourish Ventures
Key Investors in Jetty
Ribbit Capital
Ribbit Capital is a venture capital firm that invests globally in unique individuals and brands who are aiming to disrupt financial services. Headquartered in Palo Alto, Ribbit believes the category is profoundly under-innovated and is looking to support entrepreneurs who have already launched the businesses of the future. The company was founded in 2012.
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. The firm was founded in 2004 by Vinod Khosla, co-founder of Sun Microsystems. With over fourteen billion dollars under management, the firm focuses on a broad range of areas including consumer, enterprise, ai, fintech and financial services, semiconductors, health, agriculture/food, sustainable energy, and robotics.
Valar Ventures
Valar Ventures is an investment firm focused on high-margin, fast-growing financial technology companies globally. They seek out exceptionally focused teams with large ambitions, believing that founders should retain substantial equity and control. The firm is built to move quickly and decisively, providing comprehensive support to their portfolio companies from day one. Valar Ventures aims to empower startups by leveraging their extensive partnership and expertise in the technology sector.
What's next for Jetty?
With the recent major enterprise-level funding, Jetty is poised for accelerated growth and expansion. The capital is expected to fuel further development of its innovative platform, enhance its market reach, and potentially explore new service offerings within the rental ecosystem. This investment signals strong confidence from backers in Jetty's business model and its capacity to disrupt traditional rental processes, suggesting a trajectory towards broader adoption and deeper integration within the property management industry.
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