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LeaseLock

Replaces traditional security deposits with AI-underwritten lease insurance, using proprietary risk scoring and fraud detection to cover multifamily operators while improving leasing velocity.

Category: Finance & Underwriting Fraud Detection
Tags: lease-insurancedeposit-replacementrisk-managementmultifamilytenant-screening
AI

How they use AI

AI-powered risk scoring and fraud detection that underwrites lease insurance policies, algorithmically assessing renter risk across $14B+ in insured leases.

AI type: Predictive Analytics

What it helps you do

Increase Occupancy Speed Up Leasing Increase Noi Reduce Operating Costs Reduce Vacancy

Built for

Multifamily Operators Property Managers Reits Asset Managers

Key numbers

  • $10B+ in insured leases
  • 2.5M+ apartment homes covered
  • 92% adoption rate at customer properties
  • 6x more protection vs. average deposit

Credibility

Founders
Reichen Kuhl (Co-Founder & President). Founded 2012, HQ Los Angeles.
Customers
Greystar, Equity Residential, Cushman & Wakefield, Avenue5, LMC, TruAmerica, Goldman Sachs, ColRich, Harbor Group. 2.5M+ apartment homes covered.
Investors
SoftBank Ventures Asia, Liberty Mutual Strategic Ventures, Vertex Ventures US, Moderne Ventures, Mucker Capital. ~$73M raised ($52M Series B, Feb 2021).
Case Studies
ColRich: documented NOI improvement. Multiple clients reporting 6-figure NOI lift per asset.

Founded

2016

Headquarters

Dallas, TX

Stage

Growth

Employees

51-200

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