Press Release

Esusu Becomes Unicorn With $130 Million Series B

January 28, 2022
Lily Bowen

New York – January 28, 2022 – Cooley advised Esusu, a leading fintech platform leveraging data to empower renters and improve property performance, on its $130 million Series B led by SoftBank Vision Fund 2, which brings the company to a $1 billion valuation. This latest fundraise makes Esusu one of the few Black-owned startups to reach unicorn status both in the US and globally. DeVon Barnett, Jeff Laretto, Tanisha James and Pat O’Connell led the Cooley team advising Esusu.

Esusu’s platform enables renters to build their financial identity and credit history, reach financial stability and ultimately move toward wealth creation. Reaching more than 2.5 million rental units across all 50 US states, Esusu’s platform provides a win-win solution for landlords and renters. The new capital will enable Esusu to scale the team, accelerate new product development and grow its reach across the rental market.

Founded in 2018 by Abbey Wemimo and Samir Goel, Esusu was built to include everyone on the journey from financial identity and stability toward financial wellness that leads to wealth building. In the United States, credit is a lifeline to the financial system. To date, 45 million+ Americans lack credit scores, and millions more are marginalized due to their background, race and ZIP code. Esusu’s mission is to dismantle barriers to housing for working families. The company’s founders believe that housing is a fundamental right, and envision a world without delinquency, housing evictions and homelessness.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,500 lawyers across 17 offices in the United States, Asia and Europe.