CoverHound Raises $33.3M Series C Round

What does CoverHound do?

CoverHound, is the leading digital platform for comparing and buying insurance. It is a tech company offering a platform for consumers to shop for car insurance. This is the place where smart shoppers find car insurance. Customers can calculate their personal insurance necessities, compare accurate rates from the top carriers and buy the right policy at the right cost. The company is dedicated at providing consumers transparent access to the best car insurance rates. It provides smart recommendations and customized quotes. It guarantees no spam and promises to keep all the customer info safe and lets consumers stay in control of things.

How much CoverHound was funded?

CoverHound raised $33.3M in Series C funding on September 22, 2015 from ACE Group (Lead), Blumberg Capital, American Family Ventures, Core Innovation Capital, RRE Ventures Partner: James D. Robinson III and Route 66 Ventures

Previous Funding

• Undisclosed amount in Seed round on March 1, 2011 from AngelPad
• $750k in Seed round on June 3, 2011 from AngelPad and Blumberg Capital
• $500k in Seed round on September 13, 2012 from Source Interlink Companies
• $8.2M in Series A on February 8, 2013 from AngelPad, Bullpen Capital, Blumberg Capital Partner: Jon Soberg, RRE Ventures Partner: Tom Loverro and Paul Sethi

• $14M in Series B on March 9, 2015 from American Family Ventures, Route 66 Ventures, Core Innovation Capital Partner: Arjan Schütte, Tugboat Ventures and Thomas Lehrman

What is next for CoverHound?

CoverHound is to continue its investment in the talent acquisition for further enhancing its digital insurance platform and for introducing new and innovative product offerings from entrepreneurs and small business owners. The company has experienced more than 168% growth in new customer policy in 2015.

More about CoverHound

The company was founded on May 1, 2010 by Joel Hayhurst, Basil Enan and Rory Joyce. It has its headquarters in San Francisco, CA.