Insurami, a deposit guarantee platform for the commercial real estate industry, has announced a £42m raise to expand across the commercial property sector.
Fasanara Capital has joined existing investors including Global Founders Capital, Entrepreneur First and Clocktower Ventures in the raise consisting of debt alongside existing equity investment.
Insurami offers commercial real estate tenants an alternative to locking up cash in a deposit while providing landlords the equivalent level of security and risk management. The platform is currently used by a number of real estate companies including Howard De Walden Estates, Level39 and Huckletree.
The funding will enable Insurami to expand its deposit guarantees to all commercial real estate sectors, including retail, logistics and operational real estate such as dark kitchens, as well as pursue growth plans across the UK.
Majed Chaaraoui, chief executive and founder of Insurami, said: “As the country reopens, we’ve seen a surge in demand for deposit guarantees from both landlords and businesses. This funding allows us to continue our growth plans as we progress towards setting a new market standard for commercial leases across the UK.”
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