About Coverdash
Coverdash is a company based in New York (United States) founded in 2022.. Coverdash has raised $16 million across 2 funding rounds from investors including AXIS Capital, Nyca Partners and Bling Capital. Coverdash offers products and services including General Liability, Business Owner's Policy, Workers' Compensation, and Cyber Insurance. Coverdash operates in a competitive market with competitors including Lemonade, Coverwallet, Waffle Labs, The Doctors Company and Ahoy Insurance, among others.
- Headquarter New York, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Coverdash Insurance Services, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16 M (USD)
in 2 rounds
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Latest Funding Round
$13.5 M (USD), Series A
Feb 28, 2024
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Investors
AXIS Capital
& 8 more
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Employee Count
Employee Count
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Products & Services of Coverdash
Coverdash offers a comprehensive portfolio of products and services, including General Liability, Business Owner's Policy, Workers' Compensation, and Cyber Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Covers business liabilities for accidents and claims.
Protects business assets and operations from various risks.
Provides coverage for employee injuries on the job.
Safeguards against digital threats and data breaches.
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Funding Insights of Coverdash
Coverdash has successfully raised a total of $16M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $13.5 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $13.5M
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First Round
First Round
(23 Jan 2023)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Coverdash | Valuation | Nyca Partners | |
| Jan, 2023 | Amount | Seed - Coverdash | Valuation | Bling Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Coverdash
Coverdash has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include AXIS Capital, Nyca Partners and Bling Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech focused early stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Seed funding and product council are provided for early-stage companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Coverdash
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Coverdash
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Coverdash Comparisons
Competitors of Coverdash
Coverdash operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lemonade, Coverwallet, Waffle Labs, The Doctors Company and Ahoy Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of a cloud-based platform for life and P&C insurance
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| domain | founded_year | HQ Location |
Online insurance platform for businesses
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| domain | founded_year | HQ Location |
Provider of renter, pet, personal cyber & life insurance services
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| domain | founded_year | HQ Location |
Offers malpractice insurance and risk management services for physicians and clinicians.
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| domain | founded_year | HQ Location |
AI-based insurance solutions for boaters are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Coverdash
Frequently Asked Questions about Coverdash
When was Coverdash founded?
Coverdash was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Coverdash located?
Coverdash is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Coverdash a funded company?
Coverdash is a funded company, having raised a total of $16M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Jan 23, 2023.
What does Coverdash do?
Provider of online business insurance solutions. It offers various insurance products, including general liability, business owners policy, workers compensation, cyber, professional liability, and management liability coverage. The platform provides instant access to personalized dashboards for policy management and certificate of insurance generation. It aims to simplify the insurance process for small businesses, startups, e-commerce merchants, and freelancers, offering tailored and low-cost coverage. The company also facilitates partnerships, allowing other platforms to embed its insurance offerings.
Who are the top competitors of Coverdash?
Coverdash's top competitors include Lemonade, Coverwallet and GBG.
What products or services does Coverdash offer?
Coverdash offers General Liability, Business Owner's Policy, Workers' Compensation, and Cyber Insurance.
Who are Coverdash's investors?
Coverdash has 9 investors. Key investors include AXIS Capital, Nyca Partners, Bling Capital, Tokio Marine Future Fund, and Expansion Venture Capital.
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