Company Research Report: TheGuarantors

Company Overview

Name: TheGuarantors

Mission: TheGuarantors aims to increase affordability and accessibility for renters who have faced barriers to entry. As industry innovators and dedicated problem solvers, the company's mission is to provide comprehensive coverage and to serve renters and operators at every step.

Founded By: Julien Bonneville

Key People:

• Julien Bonneville: Chief Executive Officer

• Bob Schmidt: Chief Revenue Officer

• Leo Quentzel: Chief Business Officer

• Amanda Knauer: Chief Marketing Officer

• Amanjot Khaira: Chief Product & Technology Officer

• Casey Lasda: SVP of Customer Success & Underwriting

• Aaron Victorson: SVP of Sales & Revenue Ops

• Jesse Schmidt: SVP of Sales, NY Metro

• Elsa Liao: VP of Risk

• Karin Wilkins: VP of People

• John Doyle: Senior Counsel

Headquarters: No information is available

Number of Employees: No information is available

Revenue: No information is available

Known For: TheGuarantors is known for being a licensed insurance agent and broker. The company provides services like rental coverage which helps property managers and renters overcome financial barriers. They are recognized for utilizing finance, tech, insurance, and real estate expertise to offer comprehensive solutions in the rental market.

Products

Core Offerings:
1. Rent Coverage:

• Description: Offers renters another way to qualify for their desired rental property by acting as a guarantor.

• Key Features: Facilitates access to rental properties by mitigating financial risks for landlords.

2. Deposit Coverage:

• Description: Aims to reduce the upfront cost of a security deposit, making it more affordable for tenants to move in.

• Key Features: Helps renters save money initially by providing a coverage option in lieu of a traditional deposit.

3. Renters Insurance:

• Description: Protects the renter’s home and personal belongings.

• Key Features: Provides comprehensive protection for personal property, ensuring renters are protected against unexpected damages.

Recent Developments

New Products/Features: No information is available

New Partnerships:

• Everspan Partnership: TheGuarantors has partnered with Everspan to improve rental accessibility and affordability, enhancing their service offerings and expanding their market reach.

Certifications:

• B Corp Certification: TheGuarantors was certified as a B Corp, underscoring their commitment to high standards of social and environmental impact, transparency, and accountability. This certification aligns with their mission to reduce barriers in the rental housing market by assuring property owners can operate with greater financial security.

Series C Funding:

• Investment Details: TheGuarantors raised $50 million in a Series C funding round, led by Portage Ventures. This financial boost is targeted at streamlining rental processes and enhancing their product offerings, potentially quadrupling their engineering team to advance tech-driven solutions.

Conclusion

TheGuarantors is redefining rental coverage through innovative solutions aimed at increasing housing accessibility and affordability. With notable leadership and strategic partnerships, they are committed to serving both renters and property operators while simultaneously fostering environmental and social governance (ESG) initiatives. Their recent B Corp certification and substantial Series C funding illustrate a promising trajectory for growth and influence in the rental and insurance sectors.