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Digital insurance agency Coverdash launches after seed financing round

Posted On: Jan. 23, 2023 10:07 AM CST


Coverdash Inc., a New York-based digital insurance agency, said Monday it has launched after raising its seed financing in a round led by Bling Capital, a San Francisco-based venture capital firm.

The startup enables e-commerce merchants, gig workers and other business owners to obtain commercial insurance quotes online and is backed by several insurers and longtime insurance industry executives.

Angel investors include Greg Hendrick, CEO of Vantage Group Holdings Ltd.; Garrett Koehn, president of CRC Group; and Steve Shenfeld, chairman of MidOcean Credit Partners.

Other investors include Axis Digital Ventures, a unit of Bermuda-based insurer Axis Insurance Holdings Ltd.; Tokio Marine Future Fund, a unit of Japanese insurer Tokio Marine Holdings Inc.; New York-based Expansion Venture Capital LLC and Oklahoma City-based Cameron Ventures.

Coverdash lists 14 insurer partners on its website and coverages include liability, property, workers compensation and cyber.

The startup, which is live in 50 states, aims to simplify the process of buying and managing coverage for business owners, according to a statement.