What is LeaseLock?
LeaseLock operates as a premier insurance technology provider specifically engineered for the rental housing market. Its core value proposition centers on the LeaseLock Shield platform, an AI-driven solution that replaces traditional security deposits with a streamlined, deposit-free leasing model. By mitigating the financial friction associated with move-in costs, the company enhances housing accessibility while simultaneously protecting property owners from net operating income loss due to bad debt and legal liabilities. The platform serves as a critical tool for modernizing the leasing experience, providing a seamless, automated workflow that benefits both institutional investors and individual renters.
How much funding has LeaseLock raised?
LeaseLock has raised a total of $63.4M across 4 funding rounds:
Angel/Seed
$1M
Series A
$10M
Debt
$350K
Series B
$52M
Angel/Seed (2016): $1M with participation from American Family Ventures
Series A (2018): $10M led by Hivers and Strivers, Wildcat Venture Partners, Liberty Mutual Insurance, American Family Ventures, and Moderne Ventures
Debt (2020): $350K supported by PPP
Series B (2021): $52M featuring Strata Equity Group, Moderne Ventures, Veteran Capital, American Family Ventures, Vertex Ventures, Wildcat Venture Partners, Westerly Winds, Mucker Capital, SoftBank Ventures Asia, and Liberty Mutual Insurance
Key Investors in LeaseLock
American Family Ventures
American Family Insurance provides personal and business insurance products that help customers protect homes, vehicles, businesses, and lives.
Wildcat Venture Partners
Wildcat Venture Partners invests in the next generation of technology entrepreneurs focused on creating market disruptions through AI and Machine Learning.
Moderne Ventures
Moderne Ventures is a strategic venture capital and growth equity firm that invests in disruptive technology companies within sectors such as Enterprise SaaS, AI, and real estate.
What's next for LeaseLock?
With the successful closure of this major strategic investment, LeaseLock is well-positioned to accelerate its product roadmap and deepen its penetration into the enterprise rental market. The company is expected to focus on scaling its AI-powered risk assessment models, which are essential for maintaining the efficacy of its Zero Deposit program. Furthermore, the strategic alignment with its diverse investor base—ranging from global insurance giants to specialized venture capital firms—provides LeaseLock with the operational expertise and network access required to navigate the complexities of the real estate technology ecosystem. Future initiatives will likely prioritize the integration of its platform with broader property management software suites, further cementing its status as an indispensable component of the modern digital rental economy.
See full LeaseLock company page
