TheGuarantors Announces a $50 Million Series C

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As rents reach record levels, TheGuarantors Announces $50 Million Series C led by Portage Ventures to Improve Affordability and Accessibility of Renting.

TheGuarantors, the fintech company building smart financial and insurance solutions for renters and landlords, today announced it had raised $50 million in series C equity funding. The round was led by Portage Ventures, with participation from Alven, Kensington Capital Partners, Arch Insurance Capital and Roosh Ventures. Launched in 2015, TheGuarantors is working to improve renting affordability and accessibility for millions of American households. Alven invested in TheGuarantors’ seed round in 2016 and co-invested in the following rounds.

“We have enabled renters across the country to move into the apartment of their dreams, we’ve used machine learning to fairly assess the true risk of those with low or no credit score” – Julien Bonneville, CEO of TheGuarantors.

“I founded TheGuarantors to address the fundamental human need for housing,” said Julien Bonneville, CEO of TheGuarantors. “We have enabled renters across the country to move into the apartment of their dreams, we’ve used machine learning to fairly assess the true risk of those with low or no credit score, and we’ve allowed cash strapped renters to have more money on hand when moving in.”

TheGuarantors also recently formed its own licensed insurance company, making it the first venture-backed company in its category to insure its own risk. Its highly diversified risk holding profile will further TheGuarantors’ product innovation agility and market expansion.

The company more than doubled its revenue each year since inception and tripled its revenue in 2021 to $43 million, fueled by explosive adoption among landlords and the renters they serve. To date, TheGuarantors has partnered with landlords representing approximately three million units nationwide and has $1.5 billion in rent protected and deposits guaranteed.

TheGuarantors plans to quadruple the size of its engineering team and aggressively hire across product, sales and marketing functions in 2022.


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