TheGuarantors raises $50 million

TheGuarantors closed a $50 million Series C round led by Portage Ventures, with participation from Kensington Capital Partners, Arch Capital Group, Roosh Ventures, and Alven. The NY-based startup raised around $75 million since its inception.

Founded in 2015, TheGuarantors is in the space of Rhino, LeaseLock, and Jetty. Products include lease guarantee and an alternative for security deposits for residential renters, as well as an offering for companies leasing office space.

TheGuarantors claims to have 1,000+ landlord partners distributing their products to renters.