Fundraising Fox

Standby

New York, US · Founded 2021 · Delaware corporation · 7 employees on LinkedIn · 1 known investors

Standby Deposits offers an alternative to traditional rental security deposits, letting residents avoid paying an upfront deposit while properties keep protection. The product integrates with property management systems and serves both renters and property managers in the US.

Founders & leadership

EA
Egil AgustssonExecutive
CM
Clinton MillerExecutive
ETElvar Thormar
Elvar ThormarExecutive
EAEgill Agustsson
Egill AgustssonNamed on SEC filing

Investors · 1

Reported raises · per SEC filings

Form D private placements

$7.3M disclosed across 2 rounds · 2023–2025

$3.8MraisedFeb 2025 · 3 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Egil AgustssonExecutive Officer, Director
  • Clinton MillerExecutive Officer, Director
  • Elvar ThormarExecutive Officer, Director
Offering amount
$7.3M
Amount sold
$3.8M
First sale
Jan 2025
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$3.5MraisedMar 2023 · 2 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Egill AgustssonExecutive Officer, Director
  • Elvar ThormarExecutive Officer, Director
  • Clinton MillerExecutive Officer, Director
Offering amount
$3.5M
Amount sold
$3.5M
First sale
Mar 2023
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 9

by search overlap
leaselock site11 shared keywordsLeaseLock offers Zero Deposit, a product that replaces upfront security deposits for renters while providing risk protection and bad-debt coverage for property owners and managers. It integrates with existing property management systems to serve multifamily housing operators.
Rhino11 shared keywordsRhino provides a digital platform that replaces security deposits for renters with a more affordable alternative, while offering property managers and owners a modernized process for tenant screening and asset protection in the rental housing market.
Roost11 shared keywordsRoost provides software that automates the cash security deposit lifecycle for property management operators, covering collection, compliance, refunds, unclaimed property/escheatment, and recovery of balances owed. It integrates with property management systems such as Yardi, RealPage, and Entrata, serving regional portfolios and NMHC-ranked operators in the US.
Second Nature10 shared keywordsSecond Nature offers Maestro, an experience orchestration tool that lets property managers personalize resident onboarding and Resident Benefits Packages by property type, location, or resident profile. It automates workflows, leases, ledgers, and resident communications across property portfolios.
Entrata9 shared keywordsEntrata provides an AI-driven operating system for property management, with purpose-built agents for leasing, accounting, renewals, maintenance, and payments. It serves multifamily, student, affordable, military, commercial, and manufactured housing operators, offering configurable workflows, compliance controls, and governance at the property and portfolio level.
RealPage9 shared keywordsRealPage provides an AI workforce for the multifamily real estate industry, with AI agents that coordinate and execute tasks across leasing, operations, resident engagement, and portfolio management. Its Lumina AI workforce is aimed at property management teams.
Biggerpockets9 shared keywordsBiggerPockets provides real estate investing tools, including property analysis calculators and property management software, along with a network of investor-friendly agents and vetted service professionals. It also offers educational content through articles, podcasts, videos, and guides, plus a community forum and tiered membership plans for real estate investors.
Doorloop9 shared keywordsDoorLoop is a cloud-based property management platform that combines rent collection, tenant screening, e-leases, maintenance, and accounting in one system, with AI automation across leasing, maintenance, and communications. It serves landlords, property managers, and real estate investors managing portfolios of any size.
Baselane9 shared keywordsBaselane provides accounting and financial management software for real estate investors and landlords, helping them track cash flow, manage property finances, and optimize tax deductions.

Companies competing with Standby for the same Google search keywords, organic and paid, via search-intersection analysis.

Frequently asked questions

What does Standby do?
Standby Deposits offers an alternative to traditional rental security deposits, letting residents avoid paying an upfront deposit while properties keep protection. The product integrates with property management systems and serves both renters and property managers in the US.
Who are Standby's investors?
Standby's investors include Brunnur Ventures GP.
How much funding has Standby raised?
Standby has disclosed $7.3M raised across 2 rounds.
Where is Standby headquartered?
Standby is headquartered in New York, US.