The Insurtech team advised Coverdash on the closing of its $13.5 million Series A. The financing comes within one year of Coverdash's prior oversubscribed capital raise, bringing the company's total funding to $16 million to date. The Series A round was led by Nyca Partners, joining existing investors including Bling Capital, AXIS Digital Ventures, Tokio Marine Future Fund, Expansion VC, Cameron Ventures and others.
Founded in 2022, Coverdash is a fully-digital business insurance agency committed to transforming the business insurance process for startups and small businesses. Coverdash's revolutionary embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. The technology packages the necessary operational, compliance and financial elements to allow partners to deliver highly configurable insurance solutions within their own front-end environments. Coverdash serves all startups and SMBs from pre-formation to late-stage growth. The company is headquartered in New York and is a licensed insurance agency across all 50 states.
The Goodwin team included Josh Eisenson, Greg Hoffnagle, Alex Selarnick, Taylor Harrison, Micaiah Barley, Bethany Withers, Timothy Holahan, and Jacqueline Klosek.
For additional details on the funding round, please read the press release and coverage in Business Insider, Axios, TechCrunch and The Insurer.