What is EverQuote?
EverQuote, Inc., formerly AdHarmonics, Inc., was founded in 2011 and is headquartered in Cambridge, Massachusetts. The company operates a sophisticated internet marketing platform designed to streamline the process for consumers seeking auto insurance. By facilitating connections between individuals and a network of auto insurance carriers and agents, EverQuote enhances market efficiency and provides valuable services to both consumers and insurance providers. Its business model is centered on leveraging data and technology to optimize lead generation and customer acquisition within the insurance industry.
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, Savano Capital Partners, Link Ventures, T Capital Partners, and Oceanic Partners
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 and founders, assisting clients in valuing their holdings and developing tax-efficient diversification solutions.
Link Ventures
Link Ventures is a venture capital firm investing in early-stage consumer internet technology companies that leverage big data and AI, aiming to help portfolio companies scale through proprietary resources and customer acquisition technologies.
Savano Capital Partners
Savano Capital Partners provides liquidity solutions to private shareholders and supports expansion-stage private companies, focusing on creating flexible and win-win transactions for both parties.
What's next for EverQuote?
The substantial enterprise-level funding and recent strategic investment indicate EverQuote's robust position and potential for further expansion. This capital infusion is likely to fuel advancements in its proprietary technology, enhance its data analytics capabilities, and broaden its market reach. The company is poised to continue its trajectory of growth, potentially exploring new partnerships, refining its customer acquisition strategies, and solidifying its role as a key player in the digital insurance marketplace. Future developments may include further technological innovation to improve user experience and carrier engagement.
See full EverQuote company page
