CoverHound

insurtechaggregators / policy management

FOUNDING YEAR: 2010
LOCATION: United States
Last Update: 17/07/2020

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About

CoverHound is a recognized insurance technology leader based in San Francisco, which offers digital shoppers instant quotes and curated comparisons of real insurance options from our top property & casualty insurance carriers in the US. CoverHound adds transparency and simplicity to the insurance industry, offering fast, accurate, and actionable rates from a curated list of leading property & casualty insurers available for both your personal and business insurance needs. Compare with Confidence online today at CoverHound.com

MEDICI Analysis

CoverHound is a technology company offering a platform for consumers to shop for car insurance. CoverHound provides smart recommendations and personalized quotes.

Focus

PRODUCTS & SERVICES

Platform for comparing car insurances

REVENUE MODEL

The company do not charge any brokerage fees. The carriers pay a commission based on policy sales and renewals.

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.

Traction

VALUATION / MARKET CAP:

$93 M in 2015

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

AngelPad

Blumberg Capital

Bullpen Capital

Core Innovation Capital

Hiscox

Paul Sethi

Route 66 Ventures

RRE Ventures

Source Interlink Companies

Thomas Lehrman

Tugboat Ventures

Momentum

FUNDED

YES

TOTAL FUNDING

$110.3 M

DATE OF LAST FUNDING

Jan 2019

SEED & PRIOR FUNDING

$500 K

SEED CLOSED ON

Sep 2012

FUNDING SERIES

SERIES A  · $4.5 M  · Feb 2013

SERIES B  · $14 M  · Mar 2015

SERIES C  · $33.3 M  · Sep 2015

SERIES D  · $58 M  · Jan 2019

LISTED

NO

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