Loading organizations...
§ Private Profile · 1235 Broadway, New York City, New York, 10001, United States
A fully-digital business insurance agency providing instant online quotes and coverage for small businesses and startups, using embedded technology.
Coverdash has raised $17.0M across 2 funding rounds.
Key people at Coverdash.
Coverdash has raised $17.0M in total across 2 funding rounds.
Coverdash is a fully digital business insurance agency based in New York City that provides instant online quotes and coverage for small businesses and startups. Operating as a licensed property and casualty broker across all fifty states and the District of Columbia, the company utilizes embedded technology and API integrations to allow enterprises to source policies directly from transaction points. The platform aggregates commercial insurance products, including general liability, workers' compensation, and cyber coverage, through partnerships with major carriers such as Chubb, Travelers, and Nationwide. Functioning with fewer than twenty-five employees, the firm generates approximately $15 million in reported revenue by earning commissions on policy sales. The venture-backed agency recently secured $13.5 million in Series A funding to further expand its embedded insurance capabilities. Coverdash was founded in 2022 by Ralph Betesh and Avery Rubin.
Coverdash has raised $17.0M across 2 funding rounds. Most recently, it raised $14.0M Series A in February 2024.
Coverdash is a New York-based insurtech company founded in 2022 that provides fully digital business insurance solutions for startups, SMBs, e-commerce merchants, gig workers, and businesses of all sizes.[1][2][4] It offers products like general liability, property, workers' compensation, cyber insurance, business owners policy, and management liability, enabling users to quote, bind, pay, and manage policies in seconds through a streamlined digital experience.[2][3][4] Coverdash serves business owners nationwide as a licensed agency in all 50 states, with embedded technology allowing partners—such as marketplaces, lenders like LendingTree, PEOs, and brokers—to integrate insurance offerings via a single line of code, boosting revenue and customer engagement without heavy engineering.[1][2][4][5] Following an oversubscribed seed round reported at $2.5 million, the company has shown strong growth momentum through nationwide launch, tailored startup offerings to combat underinsurance, and partnerships expanding access to essential coverage.[2][3][5][6]
Coverdash was founded in 2022 by Ralph Betesh (co-founder and CEO) and a team of insurtech, technology, financial services, and operations experts, headquartered in New York City.[1][2][4][5] The idea emerged from recognizing the friction in traditional business insurance—complex processes that deterred e-commerce merchants, gig workers, and growing businesses—leading to the creation of a frictionless, digital platform branded as "Insurtech 2.0" in the embedded fintech revolution.[2][5][6] Early traction came swiftly: after an oversubscribed seed round (reported $2.5M) led by investors like Bling Capital's Ben Ling, Coverdash launched nationwide in all 50 states in early 2023, assisted dozens of startups with risk management, and secured partnerships like LendingTree for seamless SMB insurance integration.[2][3][4][5][6]
Coverdash rides the Insurtech 2.0 wave, advancing embedded insurance within the fintech revolution where APIs enable seamless integration into e-commerce and service platforms.[2][5][6] Timing aligns with post-2023 economic challenges, where startups cut risk management to preserve runway, amplifying underinsurance risks—Coverdash counters this by providing instant, accessible solutions amid rising demand for SMB protections.[3] Market forces like maturing commercial insurance APIs and partnerships (e.g., LendingTree) favor its growth, influencing the ecosystem by normalizing insurance in fintech stacks, helping platforms monetize, and promoting better risk practices for founders and investors.[4][5][6]
Coverdash is poised for accelerated expansion with seed funding fueling product innovation, hiring, go-to-market pushes, and deeper partner integrations, potentially capturing more of the underserved SMB insurance market.[2][5][6] Trends like embedded finance maturation, AI-driven underwriting, and economic recovery will shape its path, enabling scale to Series A/B funding and international reach. Its influence may evolve from niche startup enabler to dominant embedded insurance layer, simplifying protection as businesses digitize—reinforcing its launch promise to make insurance truly accessible nationwide.[1][2]
Coverdash has raised $17.0M in total across 2 funding rounds.
Coverdash's investors include Nyca Partners, AME Cloud Ventures, Bling Capital, Hardware Club, IA Capital Group, Scott Sandell, Newlin, Pfizer Venture Investments, Redpoint Ventures, Webb Investment Network, Zintinus, George Still.
Key people at Coverdash.
