What is GetCovered?
Founded in 2018 and headquartered in New York City, GetCovered operates at the intersection of real estate technology and insurance services. The company provides a sophisticated software platform designed to simplify the procurement and tracking of property and casualty insurance. By digitizing traditionally cumbersome insurance workflows, GetCovered enhances transparency and efficiency for property owners and residents. Its market position is defined by its ability to integrate seamlessly into existing property management ecosystems, effectively reducing friction in the insurance lifecycle. As an enterprise-level solution, the company leverages data-driven insights to optimize coverage compliance and risk management, positioning itself as an essential component of the modern rental housing stack.
How much funding has GetCovered raised?
GetCovered has raised a total of $6M across 1 funding round:
Other Financing Round
$6M
Other Financing Round (2022): $6M with participation from Lefrak Organization, RET Ventures, WISE Ventures, and State Farm Ventures
Key Investors in GetCovered
RET Ventures
A leading real estate technology investment firm, RET Ventures is the first industry-backed early-stage venture fund to strategically focus on helping build cutting-edge rent tech for the rental real estate sector.
WISE Ventures
WISE Ventures is an investment group dedicated to fostering innovative businesses in the sports, media, entertainment, and real estate sectors by leveraging extensive industry networks.
State Farm Ventures
State Farm Ventures is a corporate venture capital firm that invests in startups developing transformative technologies and products within the insurance and financial services ecosystem.
What's next for GetCovered?
With the recent infusion of capital, GetCovered is well-positioned to accelerate its product development roadmap and expand its footprint within the multifamily and single-family rental markets. The strategic nature of this funding suggests a focus on deepening integrations with major real estate owner-operators and enhancing the platform's automated underwriting capabilities. As the company transitions into its next phase of growth, it will likely prioritize scaling its enterprise sales force and refining its user experience to maintain its competitive edge. The involvement of industry-specific investors provides not only financial resources but also a robust network of potential partners, which will be instrumental in driving long-term adoption and cementing GetCovered's status as a leader in the insurtech space.
See full GetCovered company page
