CoverWallet Growth, Revenue, Number of Employees and Funding

Overview

Location:
Total Funding:$28.3M
Industry:Fintech
Founded:2015
Lead Investor(s):Zurich Insurance Group
Press

City Ranking

Industry Ranking

State Ranking

Growjo 10k Ranking

Revenue & Financials

  • CoverWallet's revenue is currently $29.4M per year.
  • CoverWallet received $Undisclosed in venture funding in June 2018.
  • CoverWallet's revenue per employee is $152539
  • CoverWallet's total funding is $28.3M.

Employee Data

  • CoverWallet has 193 Employees.
  • CoverWallet grew their employee count by 47% last year.
  • CoverWallet currently has 27 job openings.

What Is CoverWallet?

Launched in early 2016, CoverWallet combines deep analytics, thoughtful design and state of the art technology to help small businesses with all their insurance needs. CoverWallet delivers a seamless user experience while offering savings, customized coverage and best-in-class service to their customers. In a matter of minutes, any business can get peace of mind, buying and managing their insurance, all through CoverWallet's online platform. Backed by Union Square Ventures, Index Ventures, Highland Capital Partners, Founder Collective and Two Sigma Ventures, the company is actively disrupting the $100 Billion small business insurance market. CoverWallet won the 2017 Best Insurtech Solution from the Benzinga Awards and was recently named One of the Most Entrepreneurial Companies in America by Entrepreneur Magazine. IN THE NEWS > Forbes: NYC Emerges As The Capital Of Insurtech - http://bit.ly/2fixOXN > Financial Times: CoverWallet Appoints OnDeck's (NYSE: ONDK) Paul Rosen as COO - http://on.ft.com/2f65kn1 > The Wall Street Journal: Hank Greenberg's Starr Buys Stake in CoverWallet - https://t.co/dzp1pfV32I > Benzinga: CoverWallet Named Winner for Best Insurtech Solution - http://bit.ly/2xxBM9L

keywords:N/A

193

Number of Employees

$29.4M

Revenue (est)

27

Current Jobs

47%

Employee Growth %

$28.3M

Total Funding

N/A

Valuation

N/A

Accelerator

N/A

Type

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CoverWallet News

7-Jan-19 - CoverWallet Opens Its Tech Platform, Carriers to Independent Agents

CoverWallet, which has been on a mission to “reinvent insurance for small business” customers, only recently began offering its platform to

4-Dec-18 - CoverWallet Launches Cutting-Edge InsurTech Platform for

CoverWallet for Agents is the easiest way for agents to get quotes, bind coverage, purchase policies, and service customers online.

26-Jun-18 - CoverWallet looks to make it easy for businesses to get commercial

CoverWallet is much like what Berenguer explained in his dream scenario when he was moving his last company into an office. The insurance

CoverWallet Funding

DateAmountRoundLead InvestorsReference
2016-03-09$2.0MUndisclosedTwo Sigma VenturesArticle
2016-11-18$7.8MAUnion Square VenturesArticle
2017-07-20$UndisclosedUndisclosedStarr CompaniesArticle
2017-10-13$18.5MBFoundation CapitalArticle
2018-06-11$UndisclosedUndisclosedZurich Insurance GroupArticle

CoverWallet Executive Hires

DateNameTitleReference
2016-11-18Jim ErmilioEVP Commerce InsuranceArticle
2017-09-08Paul RosenCOOArticle

CoverWallet New Location/Offices

DateLocationReference
2018-04-18Rochester, NYArticle

CoverWallet Hiring Plans

DateNumber of EmployeesLocationReference
2018-05-04100BrightonArticle