7 years ago

Fat Lama Raises $10 Million to Expand Rental Marketplace

  • Fat Lama, a London-based startup that offers a fully insured peer-to-peer rental marketplace for almost anything, has raised $10 million in Series A funding

  • The round was led by Blossom Capital, with participation from Atomico and existing backer Y Combinator

  • Fat Lama's mission is to connect people with spare stuff to those that need it, and the company is looking to expand its operations to new cities.

      • ProblemTechnology

      "People need to buy expensive items for occasional use. They can't rent them because they are either expensive to rent, require a large deposit, or have too much risk for the lender. "

      Solution

      "Fat Lama offers an insured peer-to-peer rental marketplace. Users can rent almost anything, and the platform is fully insured for up to $30,000. It uses risk-profiling technology and identity checks to ensure safety. "

      Covered on