Guaranteed Rate

Guaranteed Rate

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Investment Firm

Overview

The Guaranteed Rate Companies, which includes Guaranteed Rate Inc., Guaranteed Rate Affinity, LLC, and Proper Rate, LLC, has more than 9,000 employees in over 750 offices across the U.S. Headquartered in Chicago, the company is one of the largest retail mortgage lenders in the United States and has doubled its loan amounts to over $73 billion in 2020 while tripling its gross revenue from $1 billion to $3 billion. Founded in 2000 and licensed in all 50 states and Washington, D.C., Guaranteed Rate Companies has helped homeowners nationwide with home purchase loans and refinances. The company has established itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. 2017 marked the launch of Guaranteed Rate Affinity, LLC, a mortgage origination joint venture between Guaranteed Rate, Inc. and Realogy Holdings Corp. (NYSE: RLGY), a global leader in residential real estate franchising and brokerage. In 2020, the company launched Proper Rate, LLC, a mortgage origination joint venture between Guaranteed Rate and @properties, one of the nation's largest residential brokerage firms. Collectively, the companies have earned honors and awards including: HousingWire’s 2020 Tech100 award for the company’s industry-leading FlashClose SM technology; Top Lender for Online Service for 2018 by U.S. News & World Report; No. 3 ranking in Scotsman Guide's Top Retail Mortgage Lenders 2019; Chicago Agent Magazine’s Lender of the Year for five consecutive years; Chicago Tribune's Top Workplaces list for seven consecutive years; and Best Online Mortgage Lender, Best Mortgage Lender for VA loans and Best Conventional Mortgage Lender by NerdWallet in 2019.The company has been expanding its presence with high-profile national sports partnerships, including those with NHL, UFC, Ryan Newman and others. Visit rate.com for more information.

Highlights

Founded

2000

Industry

Financial Services

Employees

5001-10000

Investment

1

Lead Investment

1

Exits

1

Stages

Early Stage Venture

Investor Type

N/A

Location

United States, North America

Contact Information

Social

Profile Resume

Guaranteed Rate, established in 2000 and headquartered in United States, North America., specializes in Early Stage Venture investments across Finance, Property Management, Enterprise Software, Financial Services, Venture Capital, FinTech, Financial Exchanges, Smart Home, Commercial Real Estate, Retail Technology. The organization boasts a portfolio of 1 investments, with an average round size of $4.0M and 1 successful exits. Their recent investments include TurboAppeal, Hyde Park Venture Partners, Garland Capital Group, Forefront Venture Partners, Camber Creek. The highest investment round they participated in was $240.0M. Among their most notable exits are TurboAppeal and Hyde Park Venture Partners. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

imagePlace Sarah McMillin

Sarah McMillin

VP of Marketing

imagePlace Jeffrey Cohn

Jeffrey Cohn

Senior Vice President - Platform Engineering

imagePlace Ted Ahern

Ted Ahern

Chief Investment Officer

imagePlace Scott Stephen

Scott Stephen

Chief Growth Officer

imagePlace Kris Nelson

Kris Nelson

Lead Software Engineer

imagePlace Kasey Marty

Kasey Marty

Executive Vice President

Investment portfolio

Guaranteed Rate has made 1 investments. Their most recent investment was on Oct 04, 2016, when TurboAppeal raised $4.0M.

investments

1

Diversity investments

0

Lead investments

1

Number of exits

1

Investments

1

Annouced DateOrganization NameIndustryMoney Raised
Oct 04, 2016
TurboAppeal TurboAppeal
Finance4.0M

Exits

1

Funding Timeline

Funding rounds

1

Investors

1

Funds

0

Funding Rounds

1

Guaranteed Rate has raised 1 rounds. Their latest funding was raised on Oct 04, 2016 from a Series A - TurboAppeal round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Oct 04, 2016
Series A - TurboAppeal Series A - TurboAppeal
-4.0M-

Investors

1

Guaranteed Rate is funded by 1 investor(s). THL Kantor is the most recent investors.

Investor NameLead InvestorFunding RoundMoney Raised
THL THL
Yes
Private Equity Round - Guaranteed Rate
0

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

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Recent Activity

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