Jetty raises $2 million

According to Crunchbase, Jetty secured $2 million in funding from Citi Ventures, Experian Ventures, Fundrise, and PayPal Ventures. The company’s total funding now stands at $65.5 million. Notably, Farmers was an earlier investor in the company.

Over the past year, Jetty’s workforce has expanded by 13%, to around 140 employees.

Jetty is primarily involved in the insurance and financial services sectors, targeting real estate companies. Their product offerings include:

• Jetty Deposit: An alternative to conventional security deposits.
• Jetty Credit: A service that reports tenants’ rent payments to all major credit bureaus.
• Jetty Rent: An insurance product tailored for renters.

The company has established partnerships with entities like Kushner, Freddie Mac, and Asset Living. In terms of underwriting, both Jetty Deposit and Jetty Rent are backed by State National .

This update comes after a previous investment in May 2022, where both PayPal Ventures and Experian Ventures showed support for Jetty. The details of this investment were not disclosed.

Update: A spokesperson has stated that Jetty received the investment from the Citi Impact Fund.