Cover (Financial Software)
2015
FOUNDED
PRIVATE
STATUS
Series B
LATEST DEAL TYPE
$16M
LATEST DEAL AMOUNT
20
INVESTORS
Description
Provider of an online insurance brokerage platform intended to compare insurance policies easily. The company's platform takes a picture of the property to be insured, like cars, homes, pets and jewelry and connects them with insurance partners to get improved price and coverage, enabling clients to auto-detect and identify their property against an existing policy or a new one.
Website
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Multi-line Insurance
Property and Casualty Insurance
Primary Office
- 137 Noe Street
- San Francisco, CA 94114
- United States
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Cover (Financial Software) Valuation and Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 6. Early Stage VC (Series B) | 02-Oct-2018 | $16M | 000.00 | 0000 | Completed | Generating Revenue |
| 5. Accelerator/Incubator | 01-Jun-2018 | 000.00 | Completed | Generating Revenue | ||
| 4. Accelerator/Incubator | 09-Apr-2018 | 000.00 | Completed | Generating Revenue | ||
| 3. Early Stage VC (Series A) | 20-Oct-2017 | 00.000 | 000.00 | 000.00 | Completed | Generating Revenue |
| 2. Accelerator/Incubator | 22-Mar-2016 | $120K | $3.12M | 00.000 | Completed | Generating Revenue |
| 1. Seed Round | 01-Mar-2016 | $3M | $3M | Completed | Generating Revenue |
Cover (Financial Software) Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price |
% Owned |
|---|---|---|---|---|---|---|---|---|
| Series B | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
| Series A5 | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00.00 | 00 | 00.00 | 0.000 |
| Series A4 | 000,000 | 00.000000 | 00.00 | 00.00 | 00.00 | 00 | 00.00 | 0.000 |
| Series A3 | 000,000 | 00.000000 | 00.00 | 00.00 | 00.00 | 00 | 00.00 | 0.00 |
| Series A2 | 00,000 | 00.000000 | 00.00 | 00.0 | 00.0 | 00 | 00.0 | 0.000 |
| Series A1 | 621,411 | $0.000010 | $0.04 | $0.52 | $0.52 | 1x | $0.52 | 2.12% |
| Series A | 5,676,884 | $0.000010 | $0.11 | $1.37 | $1.37 | 1x | $1.37 | 19.38% |
Cover (Financial Software) Competitors (20)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Liberty Mutual Insurance Company | Corporate Backed or Acquired | Boston, MA | 00000 | 00000 | 000000000000 | 00000 |
| 0000 000000000 | Corporate Backed or Acquired | Sikeston, MO | 000000&0 | |||
| 000000000 00000000 | Corporate Backed or Acquired | Hartford, CT | 00000 | 000000 - 000 | ||
| 000000000 00000000 | Private Equity-Backed | Las Vegas, NV | 00 | 000000000000 | ||
| 000000000000 00000 | Private Equity-Backed | Fort Worth, TX | 0000 | 00000 | 0000000 0000 | 00000 |
Cover (Financial Software) Investors (20)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Board Seat |
Contact Info |
|---|---|---|---|---|---|---|
| CSC UpShot Ventures | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| PartnerRe | PE-Backed Company | Minority | 000 0000 | 000000 0 | ||
| Samsung Venture Investment | Corporate Venture Capital | Minority | 000 0000 | 000000 0 | ||
| Tribe Capital | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| C100 Association | Accelerator/Incubator | Minority | 000 0000 | 000000 0 |
Cover (Financial Software) Executive Team (3)
| Name | Title | Board Seat |
Contact Info |
|---|---|---|---|
| Karn Saroya | Co-Founder & Chief Executive Officer | ||
| Ben Aneesh | Co-Founder | ||
| Natalie Gray | Co-Founder |
Cover (Financial Software) Board Members (1)
| Name | Representing | Role | Since | Contact Info |
|---|---|---|---|---|
| Arjun Sethi | Social Capital | Board Member | 000 0000 |