• FOUNDING YEAR: 2010
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    9 Sep, 2019
    Phone:
    +1 415-671-8128

Description

FOCUS

PRODUCTS & SERVICES:
Platform for comparing car insurances
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Source Interlink Media
EXISTING PARTNERSHIPS:
Safeco Insurance, Hartford, Good2go, Cse Insruance group, Progressive, Infinity auto insurance, Kemper speciality, esurance, 21st century , TravellersJ, Dairyland Auto
PRIMARY PROBLEM SOLVED:
Provide a fast, easy and cost effective service to its users where they can compare car insurance policies.
COMMENT
The platform claims that an average CoverHound customer saves $539* per year.

PEOPLE

FOUNDERS:
Rory Joyce, Joel Hayhurst, Basil Enan
Board Members and Advisors:
Arjan Schutte, Keith Moore, Bruce Taragi, Thomas Loverro, Jon Soberg
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
American Family Ventures, Thomas Lehrman, Core Innovation Capital, AngelPad, Tugboat Ventures, Route 66 Ventures, Source Interlink Companies, Blumberg Capital, Paul Sethi, Bullpen Capital, RRE Ventures

TRACTION

VALUATION / MARKET CAP:
$93 MM in 2015

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$56.73 Millions
DATE OF LAST FUNDING:
Sep 2014
SEED & PRIOR FUNDING:
$1.25 Millions
SEED CLOSED ON:
Sep 2012
FUNDING SERIES:
SERIES A
$8.18 Millions Closed: Feb 2013
SERIES B
$14 Million Closed: Mar 2015
SERIES C
$33.3 Millions Closed: Sep 2015
LISTED:
NO

LATEST RESEARCH