Jetty, a NYC-based provider of finance and insurance products products, raised $11.5m in Series A financing.
The round was led by Valar Ventures, with participation from original seed investors Ribbit Capital, SV Angel, BoxGroup, and Red Swan.
Co-founded by President Luke Cohler and CEO Mike Rudoy, Jetty initially provides a suite focused on solving the problems both consumers and landlords experience during a home rental process. Jetty Passport Deposit, Jetty Passport Lease, and Jetty Renters Insurance products enable consumers to meet the requirements of posting an expensive security deposit, finding a lease guarantor, and obtaining renters insurance.
Through Jetty, consumers can protect their collections, accessories, and electronics, as well as can insure themselves from the risks of bed bugs, or theft that may occur during a home-sharing experience.
The company today offers all three products in 131 states; Jetty Renters Insurance and Jetty Passport Deposit products are available in California. Jetty Passport Products are available in 25 states; and the company is in the process of making the all three products available nationwide by the end of the year.