Safely Secures $8 Million in Funding to Expand Rental Insurance Services Globally

In a significant development for the short-term rental insurance and guest screening industry, Safely has successfully raised $8 million in a funding round led by Highgate Technology Ventures, with the participation of LAGO Innovation Fund. This funding round comes on the heels of Safely’s previous achievement in October 2022 when they secured $12 million in funding.

Founded in 2013, Safely has established itself as a trusted provider of insurance solutions for rental properties. Their coverage extends to personal injury and damage to property contents and structures, offering peace of mind to both property owners and renters alike. Safely’s versatile platform can be seamlessly integrated with over 30 property management systems, simplifying the insurance process for property owners and managers.

Safely has also diversified its portfolio this year by introducing travel insurance in partnership with Aegis, catering to the evolving needs of the travel and vacation rental market. This strategic move positions Safely as a one-stop solution for both property and travel insurance, enhancing its appeal to a broader customer base.

One of the most exciting aspects of this funding announcement is Safely’s ambitious plan to expand into the European market. This strategic expansion will not only bolster Safely’s global presence but also provide European property owners and managers with access to their comprehensive insurance services. As the short-term rental market continues to flourish worldwide, Safely’s expansion into Europe represents a significant opportunity for growth and development.

In summary, Safely’s latest funding round underscores the company’s commitment to providing innovative insurance solutions for the evolving rental and travel industries. With a strong financial backing, a diverse portfolio of insurance offerings, and a strategic expansion into Europe on the horizon, Safely is well-positioned to further solidify its presence as a leader in the rental insurance sector.