Insurami

Insurami operates as a technology-driven insurance platform focused on transforming the financial dynamics of commercial real estate. Founded in 2018 by Majed Chaaraoui and Arnor Davidsson, the London-based company provides Deposit Guarantees as a direct alternative to traditional cash deposits required in commercial leases. Chaaraoui's experience working with startups highlighted the significant cash flow burden that large upfront deposits placed on growing businesses, inspiring the creation of a more flexible solution.

The company's core offering, the Deposit Guarantee, allows commercial tenants to bypass the substantial upfront cost of a security deposit, which can often equal 6 to 12 months of rent. Instead, tenants pay a small, manageable monthly fee, liberating significant working capital that can be reinvested into their business operations. This model saves tenants over 95% on upfront costs while providing landlords with the same, if not better, level of protection against defaults or property damage as a cash deposit. Revenue is generated from these monthly fees paid by the tenants.

Insurami serves a dual-sided market. For tenants, it provides a means to secure office space more affordably and quickly. For landlords and agents, the platform acts as a tool to accelerate deal closures, reduce negotiation friction over deposits, and attract a wider pool of prospective tenants. The company's technology is central to its operation, featuring a proprietary risk model that assesses a tenant's financial health in minutes, allowing for rapid eligibility checks and flexible pricing. This system also grants landlords ongoing visibility into tenant financial performance throughout the lease term, an enhancement over the static nature of a traditional cash deposit.

Since its inception, Insurami has achieved significant milestones, including securing major funding to fuel its expansion. In October 2021, the company raised £42 million (approximately $57.9M) in a round that included equity and debt financing from investors like Fasanara Capital, Global Founders Capital, and Rocket Internet. This capital was earmarked for expanding its services across all commercial real estate sectors, including retail and logistics, and furthering its growth throughout the UK. The company has onboarded institutional landlords like The Howard De Walden Estate and flexible workspace operators such as Level39 and Huckletree. However, PitchBook data indicates the company entered into bankruptcy liquidation in April 2023.

Keywords: Deposit Guarantee, commercial real estate, PropTech, FinTech, tenant deposit alternative, lease security, landlord protection, CRE leasing, rent deposit insurance, office space leasing, tenant financial vetting, risk management platform, commercial property, deposit-free leasing, real estate finance, working capital solutions, Majed Chaaraoui, Arnor Davidsson, Fasanara Capital, Global Founders Capital