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 5 startups, including iPRONICS and Pixable.

How many employees does Coverwallet have?

As of Jul 31, 2026, the latest employee count at Coverwallet is 241.

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 9th amongst 111 active competitors, of which 6 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Lemonade, which secured $150M in Jul, 2023.

Who are the top competitors of Coverwallet?

Coverwallet's top competitors include Lemonade, Progressive Insurance and Allstate. Among them, Lemonade secured the most recent funding round in July, 2023.

Coverwallet - 2026 Company Profile, Team, Funding & Competitors

Coverwallet is an acquired company based in New York City (United States), founded in 2015 by Inaki Berenguer, Rashmi Melgiri and Benjamin Levy. It operates as an Online insurance platform for businesses. Coverwallet has raised $28.3M in funding from investors like Highland Capital Partners, Founder Collective and Union Square Ventures. The company has 111 active competitors, including 6 funded and 32 that have exited. Its top competitors include companies like Lemonade, Progressive Insurance and Allstate.

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

9^th among 111 active competitors

Employee Count

241 as on Jul 31, 2026

Similar Companies

ACKO & 324 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	Documents
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	5843123	Series B	8638033	2489815	3822762	5314001
Oct 05, 2017	3387007	Series B	8835861	8242924	1090173	Union Square Ventures & 6 more
Jul 18, 2017	7595736	Angel	3987884	7230262	Maurice Raymond Greenberg	5054076

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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 5 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 241 employees as of Jul 26. Here is Coverwallet's employee count trend over the years:

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Top competitors of Coverwallet include Lemonade, Progressive Insurance and Allstate. 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	Lemonade 2015, New York City (United States), Public	Provider of various insurance policies including car, pet, home, and life	$644M	SoftBank Group, General Catalyst & 52 others	83/100
2nd	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	74/100
3rd	Allstate 1931, Chicago (United States), Public	Internet first provider of life, property, auto, and business insurance services	-	-	70/100
4th	AIG 1919, New York City (United States), Public	Internet first provider of life, health, accident & travel insurance services	-	Orbis Investment Management, Interpublic & 2 others	68/100
5th	The Standard 1906, Portland (United States), Unfunded	Internet first provider of life, disability, dental & vision insurance services	-	-	63/100
6th	Aflac 1955, Columbus (United States), Public	Internet first provider of life, vision & dental insurance services	-	OnRamp Insurance Conference, East Peak Capital	62/100
7th	Amica 1907, Lincoln (United States), Early Stage	Internet first provider of life, health, home, auto, marine & business insurance services	$2M	Hummingbird Ventures, Bedrock & 1 others	60/100
8th	Max Life Insurance 2000, Gurugram (India), Series B	Provider of life insurance policies and long term investment products	$29.9M	Axis Bank, New York Life Insurance & 10 others	55/100
9th	Coverwallet 2015, New York City (United States), Acquired	Online insurance platform for businesses	$28.3M	Foundation Capital, Kibo Ventures & 29 others	55/100
10th	Integrated Specialty Coverages 2016, Harrison (United States), Acquired	Insurance brokerage firm	-	Two Sigma Investments, Sightway Capital	53/100