What is EverQuote?
EverQuote, Inc., formerly AdHarmonics, Inc., is a Cambridge, Massachusetts-based company that operates a quantitative internet marketing platform. Founded in 2011, the firm's core business involves connecting consumers with auto insurance carriers and agents to facilitate insurance needs. The company leverages data and technology to optimize the insurance shopping experience, positioning itself as a key player in the insurtech and digital marketing landscape.
How much funding has EverQuote raised?
EverQuote has raised a total of $86.2M across 3 funding rounds:
Series A
$1.6M
Series B
$36M
Stock Offering
$48.6M
Series A (2015): $1.6M with participation from Link Ventures
Series B (2017): $36M led by Stratim Capital, SecondAlpha, T Capital Partners, Savano Capital Partners, Oceanic Partners, and Link Ventures
Stock Issuance/Offering (2018): $48.6M supported by Undisclosed
Key Investors in EverQuote
Stratim Capital
Stratim Capital specializes in providing liquidity alternatives for private company shareholders, including venture investors, founders, and executives, aiming to help clients seeking liquidity for their illiquid investments by offering personalized options tailored to their financial goals.
Savano Capital Partners
Savano Capital Partners provides liquidity solutions to private shareholders and supports rapidly growing expansion-stage private companies, focusing on creating flexible and win-win solutions for both shareholders and companies.
Link Ventures
Link Ventures is a venture capital firm that invests in early stage consumer internet technology companies that are disrupting markets through the use of big data, artificial intelligence and mobile technologies, helping its portfolio companies scale.
What's next for EverQuote?
The substantial enterprise-level capital infusion and recent strategic investment indicate EverQuote's trajectory towards scaling its operations and potentially exploring new market segments or technological advancements. This financial backing is likely to fuel further development of its marketing technology, expansion of its carrier and agent network, and enhancement of its consumer acquisition strategies. The company's focus on a data-driven approach suggests a continued emphasis on optimizing marketing spend and improving conversion rates within the competitive auto insurance sector.
See full EverQuote company page
