Jetty is a New York-based financial services company built for the rental housing market. Founded in 2015 by Michael Rudoy and Luke Cohler, Jetty offers a suite of products for renters and property managers including renters insurance, security deposit replacement (Jetty Deposit), lease guaranty (Jetty Lease), and flexible rent payment products (Jetty Rent). The company partners with multifamily property managers to reduce move-in costs for renters while providing protection and improved cash flow for landlords. In February 2025, Jetty merged with rival Rhino to form the largest U.S. security deposit insurance platform, with the combined company serving more than 6 million rental units and helping renters retain over $4 billion in move-in costs. The combined entity is led by Rhino's Georges Clement as CEO, with Jetty co-founder Michael Rudoy joining the Board of Directors.
Jetty (Property and Casualty Insurance) has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2015
Employees
60–100
Total Funding
$63.5M
4 rounds
Total raised $63.5M across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series C
Date
September 7, 2021
Amount
$23M
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| September 7, 2021 | Series C | $23M | — | Citi, Flourish Ventures |
| February 10, 2019 | Series B | $25M | — | Khosla Ventures |
| August 2017 | Series A | $11.5M | — | Valar Ventures |
Michael Rudoy
Co-Founder; Board Member (post-merger with Rhino)
Luke Cohler
Co-Founder
Georges Clement
CEO of combined Rhino-Jetty entity (post-merger)
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Rhino
Pioneer of security deposit insurance for renters; merged with Jetty in February 2025 to form the largest U.S. security deposit insurance platform.
TheGuarantors
InsurTech offering lease guarantees, security deposit replacement and rental insurance products for the residential rental market.
LeaseLock
Deposit replacement InsurTech (Zero Deposit) that replaces security and pet deposits for multifamily renters with a monthly insurance fee.
Obligo
Deposit-free renting platform that uses open banking and billing authorization to replace traditional cash security deposits.
Lemonade
Publicly traded InsurTech offering AI-powered renters, homeowners, pet, car and term life insurance; competes with Jetty in the renters insurance segment.
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