About Covered
Covered is a Financial Services company based in Denver (United States) founded in 2016. Insurance comparison platform for home. Covered has raised $7.77 million across 6 funding rounds from investors including Radian, Ozmen Ventures and Black Hills Regional Angel Fund. The company has 100 employees. Its website itscovered.com draws about 23 thousand monthly visits. Covered offers products and services including Insurance Quotes Platform and Concierge Services. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and P&C. Its legal entity is COVERED INSURANCE SOLUTIONS LL. Its competitors include Next Insurance, Marble and Gabi; 3 of its 3 listed competitors have raised funding.
Company details
Covered was founded in 2016 and is based in Denver, United States. An online platform is operated by the company within the insurance technology sector, enabling users to search for, evaluate, and acquire home insurance options. The service remains pre-launch as of April 2017, with focus placed on facilitating comparisons across providers. Geographic operations are centered in the U.S. market.
- Headquarters Denver, United States
- Employees 100
- SectorsFinancial Services
- Website category Finance · Insurance
- Website itscovered.com
- Social LinkedIn X Facebook
- Legal Name Covered Insurance Solutions Ll
- Total Equity Funding$7.77M (USD)
in 6 rounds
- Latest Funding Round$2.49M (USD), Series A
Aug 2020
- InvestorsRadian
& 2 more
- Employee Count100
Products & Services of Covered
Covered offers a comprehensive portfolio of products and services, including Insurance Quotes Platform and Concierge Services.
Online platform for obtaining competitive insurance quotes.
Assistance for claims processing and policy guidance.
Funding Insights of Covered
Covered has successfully raised a total of $7.77M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $2.49 million completed in August 2020. 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 $7.77M
- Total Rounds 6
- Last Round Series A — $2.49M
- First Round $700,007
(Mar 2017)
- Investors Count 3
All 6 funding rounds of Covered with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2020 | $2.49M | Series A | – | Radian | – |
| Jun 2020 | $86,989 | Series A | – | – | – |
| Mar 2019 | $3.04M | Series A | – | – | – |
| Jun 2018 | $1.45M | Seed | – | – | – |
| Nov 2017 | Seed | – | – | – | |
| Mar 2017 | $700,007 | Seed | – | Ozmen Ventures |
3 investors in total: 3 institutional.
Investors in Covered
Covered has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Radian, Ozmen Ventures and Black Hills Regional Angel Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A venture capital fund is operated for early-stage startups. | ozmenventures.com | Reno, United States | ||
Mortgage insurance is provided by Radian to support home lending. | 1977 | radian.com | Wayne, United States | |
Investor details for Covered
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Covered
16 people are tracked at Covered (9 in leadership, 7 in team); the tracked headcount is 100.
| Name | Role | Group |
|---|---|---|
Ross Diedrich | CEO & Founder | Leadership |
Chris Diedrich | Chief Administrative Officer | Leadership |
Carter Bundy | Director Of Strategic Partnerships | Leadership |
Spencer Rheinhardt | Manager Of Partner Implementations | Leadership |
Jeff Medley | Head Of Enterprise Operations | Leadership |
Ryan Lantz | Director Of Strategic Partnerships | Leadership |
Amber M. | Head Of Data Analytics, Governance & Project Management Office | Leadership |
Dan Bos | Chief Revenue Officer (cro) | Leadership |
Doug Morgan | Head Of Technology | Leadership |
Tina Klahn | Customer Service Team Lead | Team |
Ellen Stanley | CHRO | Team |
Michelle Shelton | Customer Service Representative | Team |
Nicholas Olson | Lead Software Engineer (full Stack Web Dev) | Team |
Greg Wintering | Staff Software Engineer | Team |
Josette Madrid | Quality Assurance Specialist | Team |
Clint Foster | Customer Service & Retention Manager | Team |
Complete people profiles for Covered
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Covered
3 dated milestones of Covered across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Covered is founded.
- Funding First funding round of $700K.
- Funding Latest funding round, Series A, of $2.5M.
Competitors of Covered
Covered has 3 listed competitors in our database, 3 of them funded. They include Next Insurance, Marble and Gabi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nextinsurance.com | 2016 | Palo Alto, United States | $1.12B | Online small business insurance policies are provided. | ||
| marblepay.com | 2020 | New York, United States | $6.73M | Insurance quotes are compared via a reward-based platform for individuals. | ||
| gabi.com | 2016 | San Francisco, United States | $39.1M | 72 | Online comparison of property and casualty insurance quotes is facilitated. |
Detailed competitors of Covered
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Covered
The website of Covered (itscovered.com) receives about 22.6K visits a month and ranks #1,175,382 among all websites worldwide, #4,690 in Insurance.
- Monthly visits22.6K
▲ 9.2% vs previous month
- Unique visitors12.2K
per month
- Global rank#1,175,382
among all websites
- Category rank#4,690
Finance · Insurance
- Bounce rate58%
- Pages per visit2.3
- Average visit26 sec
- DevicesDesktop 39% · Mobile 61%
Websites whose visitors overlap most with Covered. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
imcovered.com | imcovered.com | 100% | #551,524 | – | |
| getcovered.io | 29% | 9.4K | #2,219,443 | View details |
Top companies in Insurance Providers
3 companies that operate in the same segment as Covered (Insurance Providers) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 644 M | USD 615.2 M | 1,471 | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.12 B | 549 | ||
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 |
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Related news about Covered
Complete news archive for Covered
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Frequently Asked Questions about Covered
Covered was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Covered is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Covered is a funded company, having raised a total of $7.77M across 6 funding rounds to date. The company's 1st funding round was a Seed of $700.01K, raised on Mar 2017.
Covered has 100 employees.
Covered was founded in 2016 and is based in Denver, United States. An online platform is operated by the company within the insurance technology sector, enabling users to search for, evaluate, and acquire home insurance options. The service remains pre-launch as of April 2017, with focus placed on facilitating comparisons across providers. Geographic operations are centered in the U.S. market.
Covered's top competitors include Next Insurance, Marble and Gabi.
Covered offers Insurance Quotes Platform and Concierge Services.
Covered has 3 investors. Key investors include Radian, Ozmen Ventures, and Black Hills Regional Angel Fund.
Covered operates through Covered Insurance Solutions Ll.