When was Coverwallet founded?

Coverwallet was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is Coverwallet located?

Coverwallet is headquartered in New York City, United States. It is registered at New York, New York.

Who is the current CEO of Coverwallet?

Inaki Berenguer of Coverwallet. They have also founded 1 company and are angel investors in 4 startups, including iPRONICS and Pixable.

How many employees does Coverwallet have?

As of Sep 30, 2026, the latest employee count at Coverwallet is 235.

Is Coverwallet a funded company?

Coverwallet is a funded company, having raised a total of $28.3M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 08, 2016.

When was the latest funding round of Coverwallet?

Coverwallet's latest funding was a $***** Series B round on Jun 07, 2018, with participation from 1 investor.

Where does Coverwallet rank among its competitors?

Coverwallet ranks 19th amongst 600 active competitors, of which 35 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Feather, which secured $6.42M in Jun, 2024.

Who are the top competitors of Coverwallet?

Coverwallet's top competitors include Digit Insurance, Lemonade and Progressive Insurance. Among them, Feather secured the most recent funding round in June, 2024.

Coverwallet - 2026 Company Profile, Team, Funding & Competitors

Company Details

Coverwallet provides online insurance quotes for businesses. It offers coverage for liability insurance, cyber insurance, commercial property insurance, umbrella insurance, error & omission insurance, and more. It offers insurance for the automobile, manufacturing, real estate, healthcare, education industry, and more. It also offers claims support and policy management platform for businesses.

Website: coverwallet.com
Social
Email ID: *****@coverwallet.com, *****@coverwallet.com
Phone Number: +1 **********
Registered Address: New York, New York

Key Metrics

Founded Year

2015

Location

New York City, United States

Stage

Acquired

Total Funding

$28.3M in 5 rounds

Latest Funding Round

Series B, Jun 07, 2018, $*****

Investors

Highland Capital Partners & 30 more

Ranked

19^th among 600 active competitors

Employee Count

235 as on Sep 30, 2026

Similar Companies

Digit Insurance & 334 more

Exit Details

Acquired by Aon (Nov 20, 2019)

View Coverwallet's full profile

Coverwallet is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
COVERWALLET, INC. CIN: 475163925 , United States, Active	Sep 21, 2015	-	190 (As on Dec 31, 2019)	-

Coverwallet got acquired by Aon on Nov 20, 2019.

Click here to take a look at Coverwallet's acquisition in detail

Coverwallet has raised a total funding of $28.3M over 5 rounds. Its first funding round was on Mar 08, 2016. Its latest funding round was a Series B round on Jun 07, 2018 for $*****. 1 investor participated in its latest round. Coverwallet has 13 institutional investors and 18 angel investors.

Here is the list of recent funding rounds of Coverwallet:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 07, 2018	6692643	Series B	6698444	7284038	6126878	1578167
Oct 05, 2017	8512614	Series B	9944996	2423193	9882790	Union Square Ventures & 6 more
Jul 18, 2017	7290482	Angel	2902598	3271346	Maurice Raymond Greenberg	8975483

Access funding benchmarks and valuations. Sign up today!

View details of Coverwallet's funding rounds and investors

The founders of Coverwallet are Inaki Berenguer, Rashmi Melgiri and Benjamin Levy.

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

Inaki Berenguer: Co-Founder & CEO of Coverwallet and founder of 2 other companies, iPRONICS and Pixable. They are also an angel investor in 4 startups.
Contact Info: 1 email address
Rashmi Melgiri: Co-Founder of Coverwallet and founder of 1 other company.
Contact Info: 2 email addresses
Benjamin Levy: Co-Founder of Coverwallet.

View details of Coverwallet's Founder profiles and Board Members

Coverwallet's employee count trend

Coverwallet has 235 employees as of Sep 26. Here is Coverwallet's employee count trend over the years:

Uncover Coverwallet's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Coverwallet include Digit Insurance, Lemonade and Progressive Insurance. Here is the list of Top 10 competitors of Coverwallet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Digit Insurance 2016, Bengaluru (India), Public	Provider of general and life insurance products across various categories	$462M	Faering Capital, TVS Capital Funds & 35 others	84/100
2nd	Lemonade 2015, New York City (United States), Public	Provider of various insurance policies including car, pet, home, and life	$644M	SoftBank Group, XL Innovate & 52 others	83/100
3rd	Progressive Insurance 1937, Mayfield Heights (United States), Public	Internet first provider of life, health, auto, home, and business insurance services	-	Venture for America, Vulcan Capital & 1 others	71/100
4th	FWD 2013, Hong Kong (China), Public	Online life and health insurance platform for individuals	$1.82B	Siam Commercial Bank, Li Ka Shing Foundation ... & 10 others	70/100
5th	Allstate 1931, Chicago (United States), Public	Internet first provider of life, property, auto, and business insurance services	-	-	70/100
6th	Macif 1960, Paris (France), Funding Raised	Online platform for life, health, and P&C insurances	-	Europa, ØPP	68/100
7th	ZhongAn Insurance 2013, Shanghai (China), Public	Online insurance platform for individuals	$942M	Morgan Stanley, Sagamore Investment Management ... & 7 others	66/100
8th	AIG 1919, New York City (United States), Public	Internet first provider of life, health, accident & travel insurance services	-	Orbis Investment Management, Interpublic & 2 others	65/100
9th	Aflac 1955, Columbus (United States), Public	Internet first provider of life, vision & dental insurance services	-	OnRamp Insurance Conference, East Peak Capital	62/100
10th	Feather 2018, Berlin (Germany), Series A	Online platform for life and non-life insurances	$10.9M	Keen Venture Partners, Allianz & 9 others	61/100
19th	Coverwallet 2015, New York City (United States), Acquired	Online insurance platform for businesses	$28.3M	Foundation Capital, Kibo Ventures & 29 others	55/100