PhoRent operates an online peer-to-peer rental marketplace that enables private owners to rent powersports vehicles (ATVs/UTVs, jet skis, motorcycles, mopeds, golf carts, 5th-wheel trailers) and related equipment. The company launched a public beta and is rolling out a rental category for non-motorized vehicles and gear such as bicycles, tents, and BBQs. PhoRent includes a Rental Protection Program that covers liability and damages through a direct, vertically integrated Fortune 500 insurance carrier, automatically insuring both renters and owners. Headquartered in San Mateo, PhoRent is led by founder Josh Jermaine and is promoting the platform with a 90-day Baja Adventure contest to encourage listings. Financially, PhoRent secured $250,000 from angel investors led by VC Mark Wan to develop partnerships and drive market awareness, and the company earned second place at the 2013 National Startup Conference. The service workflow emphasizes simple listing and reservation steps and a streamlined insurance claim process that requires no offline certification before renting.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2013