Tiger Global Management led a $95m funding round in Rhino.

Tiger Global Management, a private equity firm, led a $95m funding round in Rhino, a New York City-based insurtech company that pioneered security deposit insurance. Rhino's funding round also includes existing major investors, Kairos and Lakestar VC, as well as Lakehouse VC and additional strategically aligned insurance and real estate investors. "Putting renters first in our business has given us the opportunity to become renter advocates at a national level. We advocate for renter-friendly legislation like Renter's Choice because nearly half of Americans are unable to afford a $400 emergency expense and that makes housing affordability one of the most pressing issues in America right now. With $45 billion sitting locked away in escrow accounts, unusable for both renters and property owners alike, we need common-sense legislation that can put that money back into the pockets of people who need it the most–renters," Paraag Sarva, Rhino CEO.