Verifly Insurance Services
Latest round
- Series A
Last raised
- Oct 2019
Total raised
- $28M
Investors
- 10
About Verifly Insurance Services
Verifly Insurance Services, Inc.Founded in 2015, Verifly Insurance Services, Inc. is based in New York, US. The company specializes in offering insurance solutions for small businesses. In April 2023, Verifly was acquired by Arch Insurance Group, which enhances their portfolio of digital solutions for small business customers. The founders of Verifly include Carina Schmidt, Eugene Hertz, Jay Bregman, Luis Rojas, and Manju Dawkins, with Jay Bregman serving as CEO.Verifly Insurance Services, Inc. specializes in providing flexible insurance solutions tailored for small businesses. The company offers various insurance products such as General Liability Insurance, Professional Liability Insurance, Errors and Omissions Insurance, and Workers’ Compensation Insurance. These products cater to diverse client segments including contractors, freelancers, event organizers, and retail businesses. Clients can manage their insurance policies via an easy-to-use app, accessing coverage information at any time.S.Verifly operates on a direct-to-consumer revenue model where customers purchase insurance policies that fit their specific needs. The firm utilizes a subscription approach allowing clients to secure coverage for short-term needs and ongoing projects. Pricing plans are structured according to the nature of the insurance products, enabling customers to select tailored coverage based on their business requirements.Following its acquisition by Arch Insurance Group in April 2023, Verifly plans to leverage its enhanced resources to expand its product offerings and geographic reach. The company is currently designing new insurance products, with plans to launch these offerings in the upcoming quarters. Verifly aims to extend its market presence into additional states where demand for small business insurance is growing.
Who invested in Verifly Insurance Services
10 investors across 3 rounds
See all investors in Verifly Insurance Services
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Verifly Insurance Services
Who invested in Verifly Insurance Services?
Verifly Insurance Services has 10 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 Verifly Insurance Services raised?
Verifly Insurance Services has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Verifly Insurance Services last raise money?
Verifly Insurance Services's most recent round on record is a Series A, in Oct 2019.
What does Verifly Insurance Services do?
Verifly Insurance Services, Inc.
Where is Verifly Insurance Services headquartered?
Verifly Insurance Services is headquartered in New York, US.
Which VCs invest in companies like Verifly Insurance Services?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back insurance companies at Verifly Insurance Services's stage. Their profiles are linked below.
VCs backing insurance startups at Series A
Raising like Verifly Insurance Services? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.