Safely raises $12 million

Short-term rental insurance and guest screening company Safely has raised $12 million of venture investment and debt. LAGO Innovation Fund led the round, with participation from Highgate Technology Ventures, Greenlight Re Innovations, and other existing investors.

Founded in 2013, Safely has protected $100+ billion in homeowner liability over 2 million nights.

“LAGO and HTV quickly understood the potential of Safely’s home rental protection, and we look forward to collaborating with them to make our program world-class. We are excited to work with Greenlight Re and their recently launched Lloyd’s syndicate as it will enable Safely to expand its product offerings worldwide.” – Andrew Bate, founder and CEO of Safely.

“Safely is making great progress and it is clear they are gaining momentum. Andrew and his team are building a remarkable company which is evident in the tremendous growth Safely has experienced over the last few years. We look forward to expanding our partnership with them as they continue to deliver innovative solutions in the short-term rental protection market.” – Raja Goel, partner at HTV.

“The significant growth of the short-term rental market has occurred despite the absence of a suitable insurance product. Safely has the right product to respond to this demand and has prioritized customer experience through their impressive platform.” – Simon Burton, CEO at Greenlight Re.