# CoverForce

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coverforce

- Industry: Software
- Headquarters: New York, US
- Website: www.coverforce.com
- Total disclosed funding: $18M
- Latest round: Series A (Mar 5, 2025)
- Investors on record: 6

## About

Founded in 2020, and based in New York, US, CoverForce, Inc., operates as an application programming interface platform, connecting agency networks and wholesalers with property and casualty carriers. The company was co-founded by its chairman, Behram Dinshaw, CTO, Kaivan Wadia, and CEO, Cyrus Karai. In March 2025, CoverForce, Inc raised USD 13 million in series A funding led by Insight Partners, with participation from NYCA Partners. CoverForce offers a platform that simplifies the insurance submission and quoting process for insurance brokers and PEOs (professional employer organizations). It connects these entities with top-tier insurance carriers, providing a streamlined way to access bindable quotes and services. The company streamlines the underwriting process and facilitates multi-location and multi-class submissions, resulting in bindable quotes.

The company will use the March 2025 funding to expand its capabilities, accelerate product innovation, strengthen relationships with key carriers and distributors, and invest in AI-powered tools to automate insurance workflows.

## Funding rounds

- Series A, Mar 5, 2025, $13M — Insight Partners, Nyca
- Seed, Jan 1, 2022, $5M — QED Investors, Nyca, Karman Ventures, Sidekick Partners, Muir Capital

## Investors

- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Seed
- Nyca (https://capitalatlas.ai/funds/nyca) — Seed, Series A
- Karman Ventures (https://capitalatlas.ai/funds/karman-ventures) — Seed
- Sidekick Partners (https://capitalatlas.ai/funds/sidekick-partners) — Seed
- Muir Capital — Seed
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A