Living in all 50 states, Coverdash’s frictionless insurance experience enables business owners, e-commerce merchants and gig economy workers to get coverage in seconds.
NEW YORK, January 23, 2023 /PRNewswire/ — Covered dashan all-digital commercial insurance startup providing simplified insurance solutions to businesses of all shapes and sizes, is pleased to announce the official launch of the company and the close of an oversubscribed seed funding round.
Enterprise-focused Insurtech Coverdash announces launch after oversubscribed funding round
Situated at New York City, Coverdash simplifies the process of buying and managing business insurance for e-commerce merchants, gig workers, and all other types of business owners. The company offers a wide range of commercial insurance products, including responsibility, goods, workers compensationand computer science. Coverdash’s digital insurance experience allows business owners to quote, link, pay and actively manage insurance policies in seconds. Through relationships with many of the world’s most recognized insurers, Coverdash provides the coverage growing businesses need at the most affordable rates.
Coverdash’s embedded technology allows partners to easily offer insurance to existing customers with a one line of code. Integration is simple, requiring no significant engineering or implementation resources. Coverdash’s network of integrated partners includes leading online marketplaces, service providers, PEOs, lenders, brokers, and various other platforms that service or transact with businesses nationwide.
“Insurtech 2.0 is here, marking the next phase of the in-vehicle fintech revolution,” said Ralph Beteshco-founder and CEO of Coverdash. “We have created a frictionless transactional experience that is unheard of in the insurance landscape. Our mission is to empower our partners with these capabilities and finally help make insurance accessible and simple for business owners to across the country.”
Coverdash’s funding round was led by bling capitalwith the participation of other notable investors, including AXIS Digital Ventures, Tokyo Marine Future Fund (in connection with Global Innovation Lab), expansion resumeand Cameron Ventures. Several strategic angel investors also contributed to the round, including Greg HendrickCEO of Vantage Risk; Garret Koehnpresident of CRC insurance; and Steve Shenfieldpresident of MidOcean Partners.
“The development and adoption of commercial assurance APIs within the insurtech industry has reached a tipping point, providing innovative companies with the opportunity to drive real growth and transformation,” said declared Ben Linfounder and general partner of bling capital. “We see Coverdash as the future of commercial insurance and integrated distribution. We are delighted to be alongside the team and to support them as they progress in this journey.”
This funding round will contribute to Coverdash’s continued expansion and development through increased product innovation, go-to-market initiatives and strategic hires.
About Coverdash
Covered dash is a fully digital commercial insurance agency that specializes in meeting the insurance needs of businesses of all shapes and sizes. Coverdash’s integrated technology allows any partner to host their end-to-end insurance experience with a single line of code. Coverdash is headquartered in New York and is a licensed insurance agency in all 50 states. For more information, please visit LinkedIn, instagram, Twitter or consult www.coverdash.com.
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