What is GetCovered?
Founded in 2018, GetCovered operates as a specialized insurance software company designed to simplify the complex process of purchasing and tracking property and casualty insurance. By digitizing traditional insurance workflows, the company addresses critical friction points for both property managers and tenants. Its platform serves as a bridge between the insurance industry and the real estate sector, facilitating seamless policy management and compliance. Based in New York City, GetCovered has positioned itself as a vital infrastructure provider, enabling stakeholders to navigate insurance requirements with greater efficiency and transparency in an increasingly digital economy.
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 State Farm Ventures, Lefrak Organization, WISE Ventures, and RET Ventures
Key Investors in GetCovered
State Farm Ventures
State Farm Ventures is a venture capital firm that invests in startups developing technologies and products, leveraging the resources of a major insurance carrier.
RET Ventures
A leading real estate technology investment firm, RET Ventures focuses on building cutting-edge rent tech for multifamily and single-family rental real estate.
WISE Ventures
WISE Ventures is an investment group dedicated to fostering innovative businesses in the sports, media, entertainment, and real estate sectors.
What's next for GetCovered?
With this major strategic investment, GetCovered is well-positioned to deepen its market penetration and enhance its product suite. The company is expected to leverage this capital to scale its enterprise operations, potentially expanding its footprint within the multifamily and single-family rental markets. By aligning with strategic partners who possess deep expertise in real estate and insurance, GetCovered is poised to drive further innovation in rent-tech and property-related financial services. Future growth will likely focus on integrating advanced data analytics and expanding its network of insurance carriers to offer more comprehensive coverage options to its growing user base.
See full GetCovered company page
