About instaCOVER
instaCOVER is a Financial Services company based in Kirkland (United States) founded in 2005, and was acquired by One80 Intermediaries in November 2022. Insurance coverage for sales or lease transactions. 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. Its focus areas include FinTech, Internet First Insurance Platforms, Internet First Insurers and P&C. Its legal entity is instaCOVER, LLC. Its competitors include Jones, Coterie and Huckleberry; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Kirkland, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website instacover.com
- Social LinkedIn
- Acquired by One80 Intermediaries (Nov 2022)
- Legal Name Instacover, Llc
- Total Equity Funding$1.49M (USD)
in 3 rounds
- Latest Funding Round$725K (USD), Seed
Feb 2014
- InvestorsKeiretsu Forum
& 1 more
- Acquired byOne80 Intermediaries
(Nov 2022)
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.
Online tool for instant insurance quotes and binding coverage
Coverage for financed equipment against various risks
Protection for owned equipment with multi-peril options
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 $1.49M
- Total Rounds 3
- Last Round Seed — $725,000
- First Round $763,595
(Jul 2012)
- Investors Count 1
All 3 funding rounds of instaCOVER 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 |
|---|---|---|---|---|---|
| Feb 2014 | $725,000 | Seed | – | – | – |
| Nov 2012 | Seed | – | Keiretsu Forum | – | |
| Jul 2012 | $763,595 | Seed | – | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accredited investors are networked for private equity funding opportunities. | 2000 | keiretsuforum.com | San Francisco, United States | |
Specialized insurance solutions are provided by One80 Intermediaries. | one80intermediaries.com | Boston, United States |
Investor details for instaCOVER
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 instaCOVER
9 people are tracked at instaCOVER (4 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Colleen Shelby | CEO | Leadership |
Dwight Jackson | CTO | Leadership |
Chris Pocock | Technology Director | Leadership |
Tina Stember | Director of Operations | Leadership |
Greg Maland | Lead Software Developer | Team |
Kris Elledge | Business Development, Medical Imaging | Team |
Christina Clarkson | Business Development, Rental Programs | Team |
Dan Johnston | Software Developer | Team |
Tamara Pocock | Project Manager | Team |
Complete people profiles for instaCOVER
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 instaCOVER
4 dated milestones of instaCOVER across 17 years, from founding to its latest funding, stage changes and deals.
- Founded instaCOVER is founded.
- Funding First funding round of $764K.
- Funding Latest funding round, Seed, of $725K.
- Exit Acquired by One80 Intermediaries.
Competitors of instaCOVER
instaCOVER has 3 listed competitors in our database, 3 of them funded. They include Jones, Coterie and Huckleberry.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getjones.com | 2017 | New York, United States | $38.26M | On-demand liability insurance platform is provided for businesses. | ||
| coterieparty.com | 2018 | New York, United States | $11.25M | Private label party supplies are offered with customization options. | ||
| huckleberry.com | 2017 | San Francisco, United States | $26.1M | Online insurance quotes for small businesses are provided. |
Detailed competitors of instaCOVER
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.
Top companies in Insurance Providers
3 companies that operate in the same segment as instaCOVER (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 Instacover
Complete news archive for instaCOVER
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Frequently Asked Questions about instaCOVER
instaCOVER was founded in 2005 and raised its 1st funding round 7 years after it was founded.
instaCOVER is headquartered in Kirkland, United States. It is registered at Kirkland, Washington, United States.
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 2012.
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.
instaCOVER's top competitors include Jones, Huckleberry and Coterie.
instaCOVER offers iQ&I Platform, Financed Equipment Insurance, and Non-Financed Equipment Insurance.
instaCOVER has 2 investors. Key investors include Keiretsu Forum, and One80 Intermediaries.
instaCOVER operates through Instacover, Llc.
Yes. instaCOVER was acquired by One80 Intermediaries in November 2022.