CoverWallet Revenue and Competitors

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Location

$28.3M

Total Funding

Fintech

Industry

Estimated Revenue & Valuation

  • CoverWallet's estimated annual revenue is currently $71.2M per year.(i)
  • CoverWallet received $Undisclosed in venture funding in June 2018.
  • CoverWallet's estimated revenue per employee is $165,100
  • CoverWallet's total funding is $28.3M.

Employee Data

  • CoverWallet has 431 Employees.(i)
  • CoverWallet grew their employee count by 15% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$2495.8M8489N/AN/AN/A
#2
$32.7M23436%$142.4MN/A

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:Insurance, Technology, Financial Technology, Insurtech

$28.3M

Total Funding

431

Number of Employees

$71.2M

Revenue (est)

15%

Employee Growth %

N/A

Valuation

N/A

Accelerator

CoverWallet News

2022-04-17 - Insuranks Ranks the Best Vendor Insurers for 2022

CoverWallet comes first in the ranking. Founded in 2015 and acquired by AON in 2020, though not an insurance carrier per se, Insuranks sees...

2022-04-17 - Insuranks Ranks the Best Vendor Insurers for 2022

According to Insuranks, CoverWallet is best for vendor insurance quotes comparison online. Insuranks states that Allstate has a ranking of 510...

2022-04-06 - Boost Insurance Appoints Jim Ermilio to its Board of Directors

Ermilio helped lead CoverWallet as its President for more than five years, from Series A through its successful 2020 acquisition by Aon...

2020-08-03 - CoverWallet Announces New Digital Insurance Package for Venture-Backed Startups

Management liability package includes Directors & Officers, Employment Practices Liability, and Fiduciary coverage offered instantly online NEW YORK–(BUSINESS WIRE)–August 3, 2020– CoverWallet, an Aon company and a leading digital insurance platform for businesses, today announced a new digita ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$53.9M4318%N/A
#2
$130.9M431-4%N/A
#3
$145.5M43117%N/A
#4
$145.5M431-3%N/A
#5
$134.7M4315%N/A

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