About Coverwallet
Coverwallet is a company based in New York (United States) founded in 2015 was acquired by Aon in November 2019. Coverwallet has raised $28.3 million across 5 funding rounds from investors including Zurich, Aon and Starr Companies. The company has 190 employees. Coverwallet offers products and services including General Liability Insurance, Workers Compensation Insurance, Business Owners Policy, and Commercial Auto Insurance. Coverwallet operates in a competitive market with competitors including Lemonade, Waffle Labs, Coverdash, The Doctors Company and Ahoy Insurance, among others.
- Headquarter New York, United States
- Employees 190
- SectorsFinancial Services
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website coverwallet.com
- Social LinkedIn X Facebook
- Acquired by Aon (Nov 2019)
- Legal Name Coverwallet, Inc.
Products & Services of Coverwallet
Coverwallet offers a comprehensive portfolio of products and services, including General Liability Insurance, Workers Compensation Insurance, Business Owners Policy, and Commercial Auto Insurance.
Provides coverage for business-related liabilities and risks.
Offers protection for workplace injuries and employee claims.
Combines multiple coverages for small business property and operations.
Covers vehicles used in business activities and related incidents.
Funding Insights of Coverwallet
Coverwallet has successfully raised a total of $28.3M across 5 strategic funding rounds. 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 $28.3M
- Total Rounds 5
- First Round $2M
(Mar 2016)
- Investors Count 28
All 5 funding rounds of Coverwallet 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 |
|---|---|---|---|---|---|
| Jun 2018 | – | Series B | – | Zurich | – |
| Oct 2017 | $18.5M | Series B | – | Foundation Capital | |
| Jul 2017 | – | Angel Round | – | Maurice Raymond Greenberg | – |
| Nov 2016 | $7.8M | Series A | – | Union Square Ventures | |
| Mar 2016 | $2M | Seed | – | Two Sigma Ventures, Highland Capital Partners |
29 investors in total: 11 institutional and 18 angel.
Investors in Coverwallet
Coverwallet has secured backing from 29 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Zurich, Aon and Starr Companies.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors | 1995 | foundationcapital.com | Palo Alto, United States | |
Venture capital firm focused on blockchain, wellbeing, and multiple sectors | – | usv.com | New York, United States | |
Venture capital investments in technology startups and entrepreneurs. | – | indexventures.com | - | |
Early-stage investments in tech sectors are managed by the firm. | – | twosigmaventures.com | New York, United States | |
Venture capital firm focused on tech sectors | – | foundercollective.com | Cambridge, United States | |
Venture capital investment and entrepreneur support services. | – | hcp.com | - | |
Technology sectors are invested in by this venture capital firm. | 2012 | kiboventures.com | Madrid, Spain | |
Early-stage companies are funded by the venture capital firm. | – | twoculturecap.com | Dublin, Ireland | |
Global insurance services are offered to individuals and businesses. | 1869 | zurich.com | Zurich, Switzerland | |
P&C insurance broker | 1919 | starrcompanies.com | New York, United States |
Investor details for Coverwallet
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
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People of Coverwallet
129 people are tracked at Coverwallet (13 in leadership, 26 in board & advisors, 90 in team); the tracked headcount is 190.
| Name | Role | Group |
|---|---|---|
Rajasree Variyar | Head of Platform and Propositions | Leadership |
Inaki Berenguer | CEO and Co-Founder | Leadership |
Hugo Monreal Cantó | Director of Product Management | Leadership |
Eric Yaffe | Director of Product Management | Leadership |
Fawad Rizwi | Chief Product Officer | Leadership |
Sergio Rubio Bonilla | Head of Product Design | Leadership |
Alberto González Lizán | CTO | Leadership |
Pete S. | Director of Information Technology | Leadership |
Gonzalo Gandia | VP of Software | Leadership |
Hylke Alons | Senior Technical Director | Leadership |
Laura García García | Product Director | Leadership |
Ricardo Folch | Technical Director | Leadership |
Víctor Espinosa Gª de Paredes | Director Of Engineering, SRE | Leadership |
Adeyemi Ajao | Advisor | Board & advisors |
Julio Viera | Advisor | Board & advisors |
Jonathan Swanson | Advisor | Board & advisors |
Andres Blank | Advisor | Board & advisors |
Luis Sanz | Advisor | Board & advisors |
Joan Lamm Tennant | Advisor | Board & advisors |
Andres Torrubia | Advisor | Board & advisors |
109 more people are available in the full profile.
Complete people profiles for Coverwallet
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 Coverwallet
4 dated milestones of Coverwallet across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Coverwallet is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Series B,.
- Exit Acquired by Aon.
Competitors of Coverwallet
Coverwallet 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, Waffle Labs, Coverdash, The Doctors Company and Ahoy Insurance, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lemonade.com | 2015 | New York, United States | $643.86M | 1,367 | Provider of a cloud-based platform for life and P&C insurance | |
| waffleinsurance.com | 2018 | New York, United States | $10.46M | – | Provider of renter, pet, personal cyber & life insurance services | |
| coverdash.com | 2022 | New York, United States | $16M | – | Provider of online business insurance solutions | |
| thedoctors.com | 1976 | Napa, United States | – | 814 | Offers malpractice insurance and risk management services for physicians and clinicians. | |
| ahoy.insure | 2021 | New York, United States | – | – | AI-based insurance solutions for boaters are provided. | |
| gbg.com | 1995 | Princeton, United States | – | 4 | GBG is recognized for providing identity verification and fraud prevention solutions. | |
| marqueeig.com | 2014 | Roswell, United States | – | 97 | Insurance products and trucking management tools are provided to businesses. |
Detailed competitors of Coverwallet
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 Coverwallet
The website of Coverwallet (coverwallet.com) receives about 8.4K visits a month and ranks #863,626 among all websites worldwide, #3,804 in Insurance.
- Monthly visits8.4K
▼ 54% vs previous month
- Unique visitors9K
per month
- Global rank#863,626
among all websites
- Category rank#3,804
Finance · Insurance
- Bounce rate39%
- Pages per visit7.2
- Average visit2 min 13 sec
- DevicesDesktop 42% · Mobile 58%
Websites whose visitors overlap most with Coverwallet. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| distinguished.com | 100% | 29.9K | #999,780 | View details | |
afbic.com | afbic.com | 100% | – | #823,649 | – |
| insureon.com | 86% | 109.6K | #314,538 | View details | |
| thehortongroup.com | 86% | 10.4K | #2,840,662 | View details | |
| biberk.com | 86% | 472.5K | #69,160 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 15 similar websites and full traffic analytics for Coverwallet
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 15 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Coverwallet
Complete news archive for Coverwallet
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Coverwallet
10 companies that operate in the same segment as Coverwallet (Insurance Providers), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 466.54 M | USD 1.12 B | 4,530 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 643.86 M | USD 615.2 M | 1,240 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.2 B | – | – | |
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 | |
Homeowners insurance coverage is delivered via an online platform. | 2015 | Palo Alto, California, United States | USD 709.36 M | USD 468.6 M | 478 | |
Online health insurance is provided to individuals and businesses. | 2012 | New York, New York, United States | USD 1.63 B | USD 11.7 B | 2,400 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | – | – | – | |
Provider of protection plans and repair services for gadgets and appliances | 2011 | Mumbai, Maharashtra, India | USD 53.15 M | USD 35.77 M | 336 |
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Frequently Asked Questions about Coverwallet
Coverwallet was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Coverwallet is headquartered in New York, United States. It is registered at New York, New York, United States.
Coverwallet is a funded company, having raised a total of $28.3M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Mar 2016.
Coverwallet has 190 employees.
Coverwallet provides online insurance quotes for businesses. It offers coverage for liability insurance, cyber insurance, commercial property insurance, umbrella insurance, error omission insurance, and more. It offers insurance for the automobile, manufacturing, real estate, healthcare, education industry, and more. It also offers claims support and policy management platform for businesses.
Coverwallet offers General Liability Insurance, Workers Compensation Insurance, Business Owners Policy, and Commercial Auto Insurance.
Coverwallet has 29 investors. Key investors include Zurich, Aon, Starr Companies, Kibo Ventures, and Foundation Capital.
Coverwallet operates through Coverwallet, Inc..
Yes. Coverwallet was acquired by Aon in November 2019.