Jetty, a NYC-based fintech startup that provides renters with tools to access rental homes nationwide, raised $25m in Series B funding.
The round, which brought total funding to more than $40m, was led by Keith Rabois of Khosla Ventures, who will join Jetty’s Board of Directors. Existing investors, including Valar Ventures and Ribbit Capital, will also join the round.
The company intends to use the funds to continue to invest in technology and personnel and expand its real estate distribution presence.
Founded by Mike Rudoy and Luke Cohler, Jetty provides renters with financial access to rental homes nationwide. Its three products, which work alone or together, include:
– Deposit, a security deposit replacement product,
– Renters Insurance, which allows renters to gain protection, and
– Lease Guaranty, an institutional guarantor.
The company’s property management partners include LivCor, Beam Living, Griffis, LeFrak, Lynd, and Rose Associates, among others — together spanning more than 500,000 rental units nationwide.