CoverWallet Overview

  • Year Founded
  • 2015

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 300

Employees

  • Latest Deal Type
  • Accelerator/​Inc

  • Investors
  • 1

CoverWallet General Information

Description

Developer of a commercial protection platform designed to make the insurance-buying process with data analytics easier. The company's platform helps manage commercial insurance policies with every service and communication needed, enabling small businesses to understand, buy and manage financial protection online.

Contact Information

Website
www.coverwallet.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • One Liberty Plaza
  • Suite 3201
  • New York, NY 10006
  • United States
+1 (646)
Primary Industry
Insurance Brokers
Other Industries
Other Financial Services
Other Insurance
Parent Company
Aon
Vertical(s)
Big Data, TMT, InsurTech, FinTech
Corporate Office
  • One Liberty Plaza
  • Suite 3201
  • New York, NY 10006
  • United States
+1 (646)

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CoverWallet Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Accelerator/Incubator 20-Sep-2022 Completed Generating Revenue
9. Merger/Acquisition 03-Jan-2020 Completed Generating Revenue
8. Accelerator/Incubator Completed Generating Revenue
7. Early Stage VC 24-May-2019 Completed Generating Revenue
6. Early Stage VC 07-Jun-2018 Completed Generating Revenue
5. Early Stage VC 01-Apr-2018 Completed Generating Revenue
4. Early Stage VC (Series B) 05-Oct-2017 Completed Generating Revenue
3. Early Stage VC (Series A1) 10-Apr-2017 Completed Startup
2. Early Stage VC (Series A) 17-Nov-2016 $7.8M $9.8M Completed Startup
1. Seed Round 08-Mar-2016 $2M $2M Completed Startup
To view CoverWallet’s complete valuation and funding history, request access »

CoverWallet Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series B
Series A-1
Series A 3,178,080 $0.000100 $1.42 $1.42 1x $1.42 10.19%
Seed 6,152,947 $0.000100 $0.91 $0.91 1x $0.91 19.72%
To view CoverWallet’s complete cap table history, request access »

CoverWallet Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a commercial protection platform designed to make the insurance-buying process with data analytics easier.
Insurance Brokers
New York, NY
300 As of 2020

Singapore, Singapore
 

Boston, MA
 
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CoverWallet Competitors (15)

One of CoverWallet’s 15 competitors is PolicyPal, a Private Equity-Backed company based in Singapore, Singapore.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
PolicyPal Private Equity-Backed Singapore, Singapore
Corvus Insurance Formerly VC-backed Boston, MA
Slice (New York) Venture Capital-Backed New York, NY
Indio Technologies Private Equity-Backed San Francisco, CA
Sure Venture Capital-Backed New York, NY
You’re viewing 5 of 15 competitors. Get the full list »

CoverWallet Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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CoverWallet Former Investors (35)

Investor Name Investor Type Holding Investor Since Participating Rounds
Angel (individual) Minority
Angel (individual) Minority
Angel (individual) Minority
Angel (individual) Minority
Base10 Partners Venture Capital Minority
You’re viewing 5 of 35 investors. Get the full list »

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CoverWallet FAQs

  • When was CoverWallet founded?

    CoverWallet was founded in 2015.

  • Where is CoverWallet headquartered?

    CoverWallet is headquartered in New York, NY.

  • What is the size of CoverWallet?

    CoverWallet has 300 total employees.

  • What industry is CoverWallet in?

    CoverWallet’s primary industry is Insurance Brokers.

  • Is CoverWallet a private or public company?

    CoverWallet is a Private company.

  • What is CoverWallet’s current revenue?

    The current revenue for CoverWallet is .

  • How much funding has CoverWallet raised over time?

    CoverWallet has raised $51.3M.

  • Who are CoverWallet’s investors?

    , , , , and Base10 Partners are 5 of 35 investors who have invested in CoverWallet.

  • Who are CoverWallet’s competitors?

    PolicyPal, Corvus Insurance, Slice (New York), Indio Technologies, and Sure are some of the 15 competitors of CoverWallet.

  • When was CoverWallet acquired?

    CoverWallet was acquired on 20-Sep-2022.

  • Who acquired CoverWallet?

    CoverWallet was acquired by Aon.

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