CoverWallet
Latest round
- Series B
Last raised
- Oct 2017
Total raised
- $29M
Investors
- 7
About CoverWallet
CoverWallet, Inc.Founded in 2015 and headquartered in New York, US, CoverWallet, Inc. specializes in digital insurance solutions for small businesses. The company was acquired by Aon Corporation in November 2019, although financial terms were not disclosed.CoverWallet, a subsidiary of Aon, specializes in providing small business insurance solutions through a digital platform that allows users to obtain quotes and manage their insurance needs efficiently. The company's core offerings include General Liability, Workers' Compensation, Professional Liability, and Business Owners Policy (BOP), among others. These products address various risk management needs for businesses across numerous industries, including restaurants, contractors, healthcare, and retail. By leveraging technology, CoverWallet aims to streamline the insurance purchasing process for small businesses, helping them secure coverage tailored to their specific operational risks.CoverWallet generates revenue through the sale of insurance policies and related services, structured primarily as a B2B model. Businesses seeking insurance can obtain free quotes from multiple carriers through the CoverWallet platform, facilitating a seamless transaction process without a commitment to purchase. Clients typically interact with a personal advisor who assists them in selecting appropriate coverage options and managing their policies. The pricing structure for insurance products varies based on the level of coverage and specific business needs, with transactions often resulting in annual or monthly premium payments.Following its acquisition by Aon Corporation, CoverWallet intends to leverage the additional resources to enhance its digital platform and expand its offerings. The company is exploring new product launches and market expansions, targeting broader geographical regions beyond the United States, although specific locations and timelines for these initiatives have not been publicly disclosed.
Who invested in CoverWallet
7 investors across 3 rounds
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Questions about CoverWallet
Who invested in CoverWallet?
CoverWallet has 7 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CoverWallet raised?
CoverWallet has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did CoverWallet last raise money?
CoverWallet's most recent round on record is a Series B, in Oct 2017.
What does CoverWallet do?
CoverWallet is a insurance company.
Where is CoverWallet headquartered?
CoverWallet is headquartered in New York, US.
Which VCs invest in companies like CoverWallet?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back insurance companies at CoverWallet's stage. Their profiles are linked below.
VCs backing insurance startups at Series B
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