CoverWallet Overview

  • Year Founded
  • 2015

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 300

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $300M

CoverWallet General Information

Description

Developer of a 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 business insurance online easily.

Contact Information

Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Primary Industry
Insurance Brokers
Parent Company
Corporate Office
  • One Liberty Plaza
  • Suite 3201
  • New York, NY 10006
  • United States
+1 (646) 000-0000

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CoverWallet Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Merger/Acquisition 03-Jan-2020 $300M 000.00 00000 Completed Generating Revenue
7. Early Stage VC 24-May-2019 0000 000.00 Completed Generating Revenue
6. Early Stage VC 07-Jun-2018 000.00 Completed Generating Revenue
5. Early Stage VC 01-Apr-2018 000.00 Completed Generating Revenue
4. Early Stage VC (Series B) 05-Oct-2017 000.00 000.00 000.00 Completed Generating Revenue
3. Early Stage VC (Series A1) 10-Apr-2017 000 000.00 0000 Completed Startup
2. Early Stage VC (Series A) 17-Nov-2016 $7.8M $9.8M 000.00 Completed Startup
1. Seed Round 08-Mar-2016 $2M $2M 0000 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 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
Series A-1 0,000,000 00.000000 00.00 00.00 00 00.00 0.000
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 platform designed to make the insurance-buying process with data analytics easier. The company's platform
Insurance Brokers
New York, NY
300 As of 2020
000.00
00000 0000-00-00
000000&0 000.00

000000

enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip
000000000 0000000
Indianapolis, IN
00 As of 0000

000000

tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, qui
000000000 0000000
Jacksonville, FL
0000 As of 0000
000.00
000000000000 000.00
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CoverWallet Competitors (14)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Remodel Health Corporation Indianapolis, IN 00
Brightway Insurance Private Equity-Backed Jacksonville, FL 0000 000.00 000000000000 000.00
GoHealth Formerly PE-Backed Chicago, IL 0000 00.000 000000000000
Covr Venture Capital-Backed Boise, ID 000 0000 0000000000 0 0000
Gravie Private Equity-Backed Minneapolis, MN 000 00000 00000000000 00000
You’re viewing 5 of 14 competitors. Get the full list »

CoverWallet Executive Team (31)

Name Title Board Seat Contact Info
Rashmi Melgiri Co-Founder & Chief Operating Officer
Kimberly Hall Chief People Officer
Inaki Berenguer Ph.D Co-Founder
You’re viewing 3 of 31 executive team members. Get the full list »

CoverWallet Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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CoverWallet Former Investors (33)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Alex Lintner Angel (individual) Minority 000 0000 000000 0
Alfonso Villanueva Angel (individual) Minority 000 0000 000000 0
Amol Sarva Angel (individual) Minority 000 0000 000000 0
Andres Blank Angel (individual) Minority 000 0000 000000 0
Borja Borrero Angel (individual) Minority 000 0000 000000 0
You’re viewing 5 of 33 investors. Get the full list »

CoverWallet FAQs

  • When was CoverWallet founded?

    CoverWallet was founded in 2015.

  • Who is the founder of CoverWallet?

    Rashmi Melgiri and Inaki Berenguer Ph.D are the founders of CoverWallet.

  • 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 the current valuation of CoverWallet?

    The current valuation of CoverWallet is 00000.

  • What is CoverWallet’s current revenue?

    The current revenue for CoverWallet is 000000.

  • How much funding has CoverWallet raised over time?

    CoverWallet has raised $51.3M.

  • Who are CoverWallet’s investors?

    Alex Lintner, Alfonso Villanueva, Amol Sarva, Andres Blank, and Borja Borrero are 5 of 33 investors who have invested in CoverWallet.

  • Who are CoverWallet’s competitors?

    Remodel Health, Brightway Insurance, GoHealth, Covr, and Gravie are some of the 14 competitors of CoverWallet.

  • When was CoverWallet acquired?

    CoverWallet was acquired on 03-Jan-2020.

  • Who acquired CoverWallet?

    CoverWallet was acquired by Aon.

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