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Coverdash – Leading Embedded Business Insurance Agency for Startups and SMBs – Announces $13.5M in Series A Funding

Feb 28, 2024•almost 2 years ago

Amount Raised

$13.5 Million

Round Type

series a

New YorkInsuranceInsurtechFinancial Services

Investors

Cameron VenturesExpansion VcTokio Marine Future FundAxis Digital VenturesBling CapitalNyca Partners

Description

Coverdash, the fastest growing startup and SMB focused-insurtech, announced $13.5M in Series A funding. The Series A round was led by Nyca Partners, joining existing investors including Bling Capital, AXIS Digital Ventures, Tokio Marine Future Fund, Expansion VC, Cameron Ventures and others. The latest financing will be used to further expand Coverdash’s embedded partner network, grow its internal team and broaden its insurance carrier panel.

Company Information

Company

Coverdash

Location

New York, United States

About

Coverdash is a fully-digital, business insurance agency that specializes in serving the insurance needs of businesses of all shapes and sizes. Coverdash’s embedded technology enables any partner to host its end-to-end insurance experience with a single line of code.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech