LeaseLock

LeaseLock

Loss protection replacing rental security deposits

Overview

LeaseLock replaces traditional security deposits in the rental market with a loss protection system for property owners and operators. Instead of tenants paying a deposit, LeaseLock provides coverage that protects the property from losses related to tenant issues, helping owners achieve more predictable income. The system uses a proprietary ledger data platform integrated with major property management software; a predictive model tailors loss protection to each property. By aligning risk assessment and coverage to individual properties, LeaseLock aims to improve cash flow, asset value, and financial security for landlords and operators.

About LeaseLock

Simplify's Rating
Why LeaseLock is rated
C
Rated B on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Enterprise Software

Real Estate

Company Size

51-200

Company Stage

Series B

Total Funding

$63.5M

Headquarters

Addison, Texas

Founded

2016

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Simplify's Take

What believers are saying

  • July 2026 added two A-rated international carriers, expanding capacity and credibility.
  • March 2026 brought LeaseLock Central reporting and AI claims automation.
  • Greystar, Cushman & Wakefield, and Avenue5 remain marquee operator customers.

What critics are saying

  • NCLC's 2026 report brands security-deposit alternatives tenant-costly, inviting state attorney general scrutiny.
  • LeaseLock's headcount fell to 69 by March 2026, and active job postings hit zero.
  • State bans on fee-funded deposit replacements kill LeaseLock's core product.

What makes LeaseLock unique

  • LeaseLock embeds directly in Yardi, RealPage, Entrata, ResMan, and MRI workflows.
  • It underwrites instantly and wires move-out payments within 48 hours.
  • It reached $17 billion secured and 2 million insured leases by July 2026.

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Funding

Total Funding

$63.5M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$52M
LeaseLock
$65M
Substack
$100M
ClickUp

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

-2%

2 year growth

1%
Multi-Family Press
May 12th, 2026
Arqline appoints Alexis Murrell to lead Marketing and Revenue Strategy across national platform.

Arqline appoints Alexis Murrell to lead Marketing and Revenue Strategy across national platform. 12 May 2026 Arqline, the national property management platform from Alfred, has appointed Alexis Murrell as Executive Vice President of Community Marketing and Revenue Strategy, a newly created role focused on aligning marketing with leasing performance, resident experience, and portfolio growth as the company scales toward 100,000 homes under management. Murrell will oversee marketing and revenue strategy across Arqline's 50,000-home portfolio, bringing together brand, demand generation, digital performance, and on-site execution under a more centralized operating approach. She brings more than 15 years of experience across multifamily real estate and proptech, including leadership roles spanning marketing, operations, customer experience, and asset strategy. Most recently, Murrell served as Senior Vice President of Marketing at LeaseLock, where she led brand, demand generation, customer marketing, PR, lifecycle strategy, events, and sales enablement. Her background spans both operator and proptech environments, with experience supporting portfolios valued at more than $7 billion and partnering closely with operators, investors, and executive teams on leasing performance and operational growth initiatives. "Marketing and leasing have historically operated in separate lanes," said Murrell. "The opportunity now is to bring them closer together through better data, stronger operational alignment, and a more consistent resident experience. What stood out to me about Arqline is the combination of operational scale, technology infrastructure, and a resident-focused approach that feels meaningfully different from traditional property management models." Murrell's appointment reflects a broader shift within multifamily toward more operationally integrated marketing models, where centralized data, leasing insights, and portfolio performance are increasingly connected. At Arqline, the role will focus on creating greater consistency across markets while supporting both resident experience and asset performance. "Alexis understands how marketing, leasing, and operations need to work together to improve portfolio performance," said Jessica Beck, CEO and Co-Founder of Alfred | Arqline. "She brings both operational knowledge and proptech expertise at a time when multifamily operators are becoming increasingly data- and performance-driven." Arqline brings together RKW Residential and A Residential (formerly Quarterra Living) under a unified operating platform designed to connect property operations, centralized services, technology, and performance data through a single management model. Today, Arqline manages more than 50,000 multifamily and build-to-rent homes across 31 markets, representing approximately $20 billion in asset value. The platform combines decades of operational experience with Alfred's technology infrastructure, AI-supported workflows, and centralized performance data to improve consistency, visibility, and operational efficiency across portfolios. For more information, visit arqline.com and helloalfred.com.

Coverager
Aug 13th, 2024
Leaselock Launches A Risk Management Alliance

LeaseLock <i class="fa fa-info-circle company-popover" data-content="h3LeaseLock/h3. div. table

Business Wire
Jul 9th, 2024
LeaseLock Launches a Risk Management Alliance

LeaseLock launches a Risk Management Alliance.

Business Wire
Jun 6th, 2024
Insurtech Firm LeaseLock Adds Jeremy Thomason as Industry Advisor

Insurtech firm LeaseLock adds Jeremy Thomason as Industry Advisor.

Morningstar
May 13th, 2024
Nation's Only Lease Insurer for Rental Housing, LeaseLock, Brings on Senior Vice President

LeaseLock, an Insurtech company offering the only lease insurance for rental housing, is pleased to announce the addition of Andrew Bowen as Senior Vice President of Strategic Partnerships.

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