When was Cover founded?

Cover was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Cover located?

Cover is headquartered in San Francisco, United States. It is registered at San Francisco, California.

Who is the current CEO of Cover?

Karn Saroya of Cover. They are also an angel investors in 1 startup.

How many employees does Cover have?

As of Aug 31, 2026, the latest employee count at Cover is 102.

Is Cover a funded company?

Cover is a funded company, having raised a total of $27.1M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 22, 2016.

How much is Cover worth?

The latest valuation of Cover is $***** as of Jan 01, 2016.

When was the latest funding round of Cover?

Cover's latest funding was a $***** Series B round on Oct 02, 2018, with participation from 5 investors.

Where does Cover rank among its competitors?

Cover ranks 5th amongst 1932 active competitors, of which 233 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Insurify, which secured $22.4M in Apr, 2023.

Who are the top competitors of Cover?

Cover's top competitors include Turtlemint, Guidewire and Policybazaar. Among them, Insurify secured the most recent funding round in April, 2023.

Cover - 2026 Company Profile, Team, Funding & Competitors

Company Details

App-based insurance comparison platform for Property and Casualty insurance. It offers quotes for auto insurance, home insurance, renters insurance, and more. It also offers quotes for workers compensation, general liability, error and omissions, product liability, cyber insurance, and more. The app is available for Android and iOS platforms.

Website: cover.com
Social
Registered Address: San Francisco, California

Key Metrics

Founded Year

2016

Location

San Francisco, United States

Stage

Series B

Total Funding

$27.1M in 4 rounds

Latest Funding Round

Series B, Oct 02, 2018, $*****

Post Money Valuation

$***** as on Jan 01, 2016

Investors

Y Combinator & 26 more

Ranked

5^th among 1932 active competitors

Employee Count

102 as on Aug 31, 2026

Similar Companies

Knightscope & 361 more

View Cover's full profile

Cover is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
COVER FINANCIAL, INC. CIN: 475683708 , United States, Active	Nov 29, 2015	-	2 (As on Dec 31, 2022)	-

Cover has raised a total funding of $27.1M over 4 rounds. Its first funding round was on Mar 22, 2016. Its latest funding round was a Series B round on Oct 02, 2018 for $*****. 5 investors participated in its latest round. Cover has 26 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Cover:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 02, 2018	8284883	Series B	2813487	4517989	2826952	3830009
Jul 13, 2017	7594317	Series A	8406880	8403299	9331332	4646350
2016	1814	Seed	3864	4279	Y Combinator	5728

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View details of Cover's funding rounds and investors

The founders of Cover are Karn Saroya, Ben Aneesh, Anand Dhillon and Natalie Eva Gray.

Here are the details of Cover's key team members:

Karn Saroya: Co-Founder & CEO of Cover and founder of 2 other companies, Cover and Stylekick. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Ben Aneesh: Co-Founder of Cover and founder of 2 other companies, Cover and Cover Insurance.
Anand Dhillon: Co-Founder & CTO of Cover and founder of 2 other companies, Cover and Stylekick.
Natalie Eva Gray: Co-Founder of Cover and founder of 1 other company.

View details of Cover's Founder profiles and Board Members

Cover's employee count trend

Cover has 102 employees as of Aug 26. Here is Cover's employee count trend over the years:

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Top competitors of Cover include Turtlemint, Guidewire and Policybazaar. Here is the list of Top 10 competitors of Cover, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Turtlemint 2015, Mumbai (India), Public	Provider of platform for comparing and purchasing insurance, loans, and funds	$220M	Peak XV Partners, Nexus Venture Partners ... & 15 others	82/100
2nd	Guidewire 2001, San Mateo (United States), Public	Developer of software platforms for property and casualty insurance operations	-	Battery Ventures, Sprout Capital Partners ... & 7 others	77/100
3rd	Policybazaar 2008, Gurugram (India), Late Stage	Online marketplace for purchasing various types of insurance policies	-	Education Growth Partners, Chiratae Ventures ... & 9 others	76/100
4th	PB Fintech 2008, Gurugram (India), Public	Provider of an online platform offering insurance and lending products through its flagship brands	$443M	Intel, SoftBank Vision Fund & 207 others	75/100
5th	Cover 2016, San Francisco (United States), Series B	App-based insurance comparison platform for Property and Casualty insurance	$27.1M	Hone Capital, Exor & 25 others	74/100
6th	EverQuote 2011, Cambridge (United States), Public	Online comparison platform for automotive & other insurances	$37.6M	Savano Capital Partners, Second Alpha & 7 others	74/100
7th	NerdWallet 2009, San Francisco (United States), Public	App-based comparison platform for financial products	$123M	IVP, Camelot Capital & 14 others	73/100
8th	Insurify 2013, Cambridge (United States), Series B	Online comparison platform for car insurance	$154M	MassMutual Ventures, Nationwide & 11 others	73/100
9th	Policygenius 2014, New York City (United States), Acquired	App-based insurance comparison platform for individuals	$288M	Norwest, Revolution & 25 others	72/100
10th	Duck Creek 2000, Boston (United States), Acquired	Provider of cloud-based solutions for property and casualty and general insurance	$350M	Dragoneer Investment Group, Temasek & 9 others	71/100