Covered Insurance
A smarter, simpler insurance marketplace.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Late VC | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | 300 % | 22 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Covered is an insurance comparison platform designed to simplify the process of selecting and purchasing insurance policies for homeowners and renters. The company operates in the insurtech market, providing a user-friendly online interface that allows clients to compare various insurance options from multiple carriers. Covered primarily serves individual consumers looking for home, auto, and renters insurance. The business model is based on partnerships with insurance carriers, earning commissions for policies sold through its platform. Covered makes money by receiving a fee from insurance companies each time a user purchases a policy through their site. The platform aims to maximize savings for its users by offering a comprehensive comparison of insurance rates and coverage options, ensuring that clients get the best possible deal for their needs.
Keywords: insurtech, insurance comparison, homeowners, renters, auto insurance, online platform, savings, policy selection, user-friendly, commissions.