Strata Equity Group Deploys LeaseLock Within Online Resident Leasing to Eliminate Deposits financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.
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Strata Equity Group Deploys LeaseLock Within Online Resident Leasing to Eliminate Deposits
March 11, 2021 GMT
MARINA DEL REY, Calif. (BUSINESS WIRE) Mar 11, 2021
LeaseLock, the world’s leading insurtech platform for real estate, today announced Strata Equity Group has implemented LeaseLock Zero Deposit™ across its entire portfolio. Strata manages nearly 20,000 apartment homes across 73 communities in 11 states, spanning the coasts from Georgia to Washington.
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$1,749 in coverage per lease
Nearly 2.5x more protection compared to deposit amount
Monthly increase of over $875,000 in portfolio-wide coverage
“Zero Deposit is the new direction for multifamily,” said Andrew Gordon, COO, Strata Equity Group. “Security deposits and previously available alternatives simply don’t offer enough protection against property damage and bad debt. With LeaseLock, we are improv
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In November, the Mumbai-based insurtech startup had raised $30 million from GGV Capital, American Family Ventures, MassMutual Ventures and SIG, as part of the Series D round. Existing investors Blume Ventures, Sequoia Capital India, Nexus Venture Partners, Dream Incubator and Trifecta Capital had also participated in the round.
Turtlemint has raised $69 million till date.
The company said it would utilise the latest funding to grow its distributor network in the next 18 months, ramp up its reach within existing geographies, add new locations, build product capabilities, and for marketing.
Founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai, Turtlemint developed a network of over 100,000 insurance advisers that cater to more than 1.5 million customers in over 5,000 metro cities and towns. The company is witnessing the annual premium run rate of Rs 1,800 crore in FY21, which is the current financial year.
Jungle, Sequoia, others invest $46 mln in insurance distributor Turtlemint business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
LeaseLock Hires Stephanie Puryear Helling as Director of Enterprise Accounts
Greystar veteran brings 25 years of experience to leading enterprise insurtech platform
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MARINA DEL REY, Calif., Feb. 18, 2021 /PRNewswire/
LeaseLock, the world s leading insurtech platform for real estate, today announced that Stephanie Puryear Helling has joined the company as Director of Enterprise Accounts. She will focus on implementation and strategic growth initiatives for LeaseLock s industry-leading lease insurance product, the first AI-powered financial technology platform for enterprise real estate.
LeaseLock continues to build its core teams as the insurtech leader announced its
Puryear Helling brings more than 25 years of industry experience to LeaseLock. She joins following a lengthy career at Greystar, where she served as the industry giant s senior director of operations, real estate strategic services for the past eight years. She previously