EverQuote Raises $23M in  Series B

What does EverQuote do?

EverQuote, is a leading insurance marketplace. This company is an independent insurance marketplace and provides free service which helps consumers in comparing quotes on auto insurance. The company beleives nothing is more important than budget. So they help users in making sure one is paying as little as possible for expenses such as insurance. The company makes the process of finding a great insurance easy. The process is easy, free and fast and there is no obligation.  People just take the trouble out of finding and calling multiple insurance agents in customer’s area or spending time filling out online quote requests with carriers less likely for providing the best rates. It does research on the insurance companies, matching customers with insurance providers who offer what is necessary and customers can get great insurance rate quotes for comparison.

How much EverQuote was funded?

The company raised $23M in Series B on October 21, 2016 from Savano Capital Partners Oceania Capital Partners, , T Capital Partners and Stratim Capital.

Previous funding

$1.57M in Undisclosed round on April 30, 2015.

What is next for EverQuote?

The company plans on using the latest funding for further accelerating its growth by increasing its investment in sales and product development. The company will also afford the company greater flexibility for continuing development of its personal risk marketplace. This funding will help the company in growing quickly while they develop a unique personal risk marketplace for insurance and consumers providers.

More about EverQuote

Everquote was founded in 2010 by Seth Birnbaum,  Seth Birnbaum and Tomas Revesz. It has its headquarters in Cambridge, Massachusetts. This company uses proprietary technology and data for matching, advising and connecting insurance shoppers with agents and carriers, both online and offline. Their customer base includes many of the largest underwriters in the country and more than five thousand insurance agencies.