About instaCOVER
instaCOVER is a company based in Kirkland (United States) founded in 2005 was acquired by One80 Intermediaries in November 2022.. instaCOVER has raised $1.49 million across 3 funding rounds from investors including Keiretsu Forum and One80 Intermediaries. instaCOVER offers products and services including iQ&I Platform, Financed Equipment Insurance, and Non-Financed Equipment Insurance. instaCOVER operates in a competitive market with competitors including Jones, Coterie, Huckleberry, AP Intego Insurance Group and Founder Shield, among others.
- Headquarter Kirkland, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Instacover, 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
$1.49 M (USD)
in 3 rounds
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Latest Funding Round
$725 K (USD), Seed
Feb 19, 2014
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Investors
Keiretsu Forum
& 1 more
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Employee Count
Employee Count
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Acquired by
One80 Intermediaries
(Nov 22, 2022)
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Products & Services of instaCOVER
instaCOVER offers a comprehensive portfolio of products and services, including iQ&I Platform, Financed Equipment Insurance, and Non-Financed Equipment 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.
Online tool for instant insurance quotes and binding coverage
Coverage for financed equipment against various risks
Protection for owned equipment with multi-peril options
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Funding Insights of instaCOVER
instaCOVER has successfully raised a total of $1.49M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $725 thousand completed in February 2014. 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 3
- Last Round Seed — $725,000
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First Round
First Round
(23 Jul 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2014 | Amount | Seed - instaCOVER | Valuation |
investors |
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| Nov, 2012 | Amount | Seed - instaCOVER | Valuation | Keiretsu Forum |
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| Jul, 2012 | Amount | Seed - instaCOVER | Valuation |
investors |
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| 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 instaCOVER
instaCOVER has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Keiretsu Forum and One80 Intermediaries. 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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Accredited investors are networked for private equity funding opportunities.
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Founded Year | Domain | Location | |
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Specialized insurance solutions are provided by One80 Intermediaries.
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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 instaCOVER
| 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 - instaCOVER
| 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 |
Instacover Comparisons
Competitors of instaCOVER
instaCOVER 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 Jones, Coterie, Huckleberry, AP Intego Insurance Group and Founder Shield, 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 |
On-demand liability insurance platform is provided for businesses.
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| domain | founded_year | HQ Location |
Private label party supplies are offered with customization options.
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| domain | founded_year | HQ Location |
Online insurance quotes for small businesses are provided.
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| domain | founded_year | HQ Location |
Digital insurance platforms are offered for small businesses.
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| domain | founded_year | HQ Location |
Commercial insurance brokerage is provided for the startup community.
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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 Instacover
Frequently Asked Questions about instaCOVER
When was instaCOVER founded?
instaCOVER was founded in 2005 and raised its 1st funding round 7 years after it was founded.
Where is instaCOVER located?
instaCOVER is headquartered in Kirkland, United States. It is registered at Kirkland, Washington, United States.
Is instaCOVER a funded company?
instaCOVER is a funded company, having raised a total of $1.49M across 3 funding rounds to date. The company's 1st funding round was a Seed of $763.6K, raised on Jul 23, 2012.
What does instaCOVER do?
Offers property and liability coverage options for most asset types. They insure every kind of sales or transaction. Financial institutions, leasing brokers, manufacturers and equipment dealers can use instaCOVER to increase the value of their customer relationships. With instaCOVER their customers access good coverage at the point of sale. For insurance customers, they offer no obligation cancel anytime scheme in case customer finds coverage for equipment from another provider. Besides, insurance coverage stays intact for the term of enrollment and is not uprated due to claims activity. instaCOVER has partnered with Great American Insurance Company to provide these coverage.
Who are the top competitors of instaCOVER?
instaCOVER's top competitors include Jones, Huckleberry and Coterie.
What products or services does instaCOVER offer?
instaCOVER offers iQ&I Platform, Financed Equipment Insurance, and Non-Financed Equipment Insurance.
Who are instaCOVER's investors?
instaCOVER has 2 investors. Key investors include Keiretsu Forum, and One80 Intermediaries.
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