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 Dec 31, 2022, the latest employee count at Coverwallet is 190.

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 158 active competitors, of which 9 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Acrisure, which secured $2.1B in May, 2025.

Who are the top competitors of Coverwallet?

Coverwallet's top competitors include AIG, Progressive Insurance and Lemonade. Among them, Acrisure secured the most recent funding round in May, 2025.

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 and Rashmi Melgiri. 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 158 active competitors, including 9 funded and 39 that have exited. Its top competitors include companies like AIG, Progressive Insurance and Lemonade.

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 158 active competitors

Employee Count

190 as on Dec 31, 2022

Similar Companies

ACKO & 507 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. It was facilitated by Perella Weinberg Partners and SRS Acquiom.

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	1444353	Series B	8026029	7814626	2980528	9519964
Oct 05, 2017	3179574	Series B	2649890	5825742	2737999	Union Square Ventures & 6 more
Jul 18, 2017	5485426	Angel	5539479	6829711	Maurice Raymond Greenberg	2662955

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View details of Coverwallet's funding rounds and investors

The founders of Coverwallet are Inaki Berenguer and Rashmi Melgiri.

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

View details of Coverwallet's Founder profiles and Board Members

Coverwallet's employee count trend

Coverwallet has 190 employees as of Dec 22. The total employee count is 79.0% more than what it was in Dec 21. Here is Coverwallet's employee count trend over the years:

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Top competitors of Coverwallet include AIG, Progressive Insurance and Lemonade. 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	AIG 1919, New York City (United States), Public	Internet first provider of life, health, accident & travel insurance services	-	Interpublic, Aurum Ventures & 1 others	75/100
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	Lemonade 2015, New York City (United States), Public	Provider of various insurance policies including car, pet, home, and life	$644M	SoftBank Group, XL Innovate & 51 others	74/100
4th	Acrisure 2005, Grand Rapids (United States), Acquired	Provider of insurance and business solutions for individuals and businesses	$8.3B	BDT & MSD Partners, Blackstone & 14 others	73/100
5th	Allstate 1931, Chicago (United States), Public	Internet first provider of life, property, auto, and business insurance services	-	-	70/100
6th	MetLife 1868, New York City (United States), Public	Internet first provider of life, health, auto, home, and pet insurance services	-	Stone Point Capital, Village Capital & 1 others	69/100
7th	Aflac 1955, Columbus (United States), Public	Internet first provider of life, vision & dental insurance services	-	East Peak Capital, OnRamp Insurance Conference	67/100
8th	The Standard 1906, Portland (United States), Unfunded	Internet first provider of life, disability, dental & vision insurance services	-	-	64/100
9th	Coverwallet 2015, New York City (United States), Acquired	Online insurance platform for businesses	$28.3M	Union Square Ventures, Insurtech Hub & 29 others	59/100
10th	keyo 2015, San Francisco (United States), Seed	Provider of an online solution to manage rental properties	$10.4M	Gener8tor, Village Global & 9 others	59/100