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Startup Jetty Announces 3 New Hires To Help With National Expansion

Jetty co-founder and President Luke Cohler beside Jetty co-founder and CEO Mike Rudoy

Jetty, the New York City rental insurance startup, is beefing up its executive hires to support a national expansion.

The firm, led by Mike Rudoy and Luke Cohler, will employ Kevin Murphy as vice president of real estate sales, according to a company statement.

Murphy, a former director of national accounts at RentPath, will be charged with building a national Jetty real estate team. Patrick Briggs, a former director of marketing and merchandising for eyewear licensing platform Eyponym, will join the company as vice president of growth.

Kevin Dinnie, a former managing director at the Blackstone Group real estate business and founder of real estate investment and consulting company Kingston Hill Partners, will come on board as senior adviser.

“To support our rapid growth in both consumer demand and property management partnerships, we’re thrilled to add three industry leaders with a proven ability to scale organizations,” Jetty co-founder and CEO Mike Rudoy said.

Jetty officially launched in April with $4M in seed money, and raised $11.5M in a Series A funding round led by Peter Thiel’s Valar Venture in August. Since June, it has been working with Blackstone and Ivanhoé Cambridge to fill Stuyvesant Town-Peter Cooper Village.

The company provides a a three-in-one product to apartment applicants. Jetty Renters Insurance and Jetty Passport Deposit allow renters to pay a one-time payment to Jetty in lieu of a security deposit.

Through Jetty Passport Lease, the company acts as a guarantor for renters. It first launched in Pennsylvania, Illinois and Georgia, and is now available in 43 states, according to the release. The company said it is aiming to roll out the service nationally in 2018.