Fundraising Fox
Standby Deposits
New York, US · Founded 2021 · Delaware corporation · 7 employees on LinkedIn · 2 known investors
Find your way into Standby Deposits
150 people in our graph share verified history with the Standby Deposits team — schools, employers, funds. One of them is your warm intro.
Hrönn Greipsdóttirunlockedknows Elvar Thormar · together at Reykjavik University (overlapped)
×9knows the team · via Reykjavik University
×2knows the team · via DTU - Technical University of Denmark
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
ET
Elvar ThormarCEO & co-founderExecutive Officer and Director of Standby Deposits, which provides an alternative to traditional rental security deposits for US renters and property managers.
EA
Egill AgustssonNamed on SEC filing
Investors · 2
Brunnur Ventures GPlisted by Brunnur Ventures GPReykjavik · $1M – $3M
How we know: Brunnur Ventures GP's portfolio page · press coverage · funding news · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$7.3M disclosed across 2 rounds · 2023–2025
▶$3.8MraisedFeb 2025 · 3 investors · OtherRule 506(b)
▶$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
▶$3.5MraisedMar 2023 · 2 investors · OtherRule 506(b)
▶$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
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 helps renters improve their financial outcomes and assists property owners in managing compliance risks. The company prioritizes privacy protection in its operations.
Second Nature10 shared keywordsSecond Nature builds a resident experience platform for property management that serves renters, property managers, and property owners. The platform aims to improve rental housing management by creating integrated solutions that benefit all stakeholders in the rental ecosystem.
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 Deposits for the same Google search keywords, organic and paid, via search-intersection analysis.
Frequently asked questions
- What does Standby Deposits 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 Deposits's investors?
- Standby Deposits's investors include Brunnur Ventures GP, Service Provider Capital.
- How much funding has Standby Deposits raised?
- Standby Deposits has disclosed $7.3M raised across 2 rounds.
- Where is Standby Deposits headquartered?
- Standby Deposits is headquartered in New York, US.