Rebuild Capital backs Cosign

Rebuild Capital disclosed an investment in Cosign , a rental guarantor platform that helps renters qualify for housing while protecting property owners against lost rent. Financial terms were not disclosed.

The investment firm described itself as Cosign’s first investor in a November 10 portfolio update. It did not disclose when the investment closed or identify the funding stage.

Cosign offers an alternative to a traditional cosigner for renters who do not meet standard credit or income requirements. Applicants pay for the service, while landlords and property managers can participate without a fee.

Earlier this year, Cosign established an insurance agency. Cosign Insurance Agency received a New Jersey resident producer license covering property, casualty and surplus lines on June 17, followed by general lines and surplus lines licenses in Texas on July 13.

The company also faces a lawsuit filed by rival TheGuarantors on October 5 in federal court in Georgia. TheGuarantors alleges Cosign operated without required insurance licenses and paid improper referral fees to landlords and property managers. Cosign rejected the allegations, described its offering as an insured solution and characterized the lawsuit as an effort to suppress an emerging competitor.

Rebuild Capital, founded by Jeremy Kaner, invests in real estate and construction technology companies. Its portfolio also includes Greenlight Rent and tenant screening platform Vero.