Loading organizations...
§ Private Profile · San Francisco, CA, USA
An online insurance marketplace helping consumers and small businesses compare and purchase auto, home, renters, motorcycle, and cyber insurance.
CoverHound has raised $110.8M across 5 funding rounds.
Key people at CoverHound.
CoverHound has raised $110.8M in total across 5 funding rounds.
San Francisco-based CoverHound is an online insurance marketplace that enables consumers and small business owners to compare and purchase property, casualty, and cyber insurance policies. Operating as a digital broker, the platform has facilitated the sale of more than 200,000 personal and commercial policies since its inception. The company aggregates real-time quotes by partnering with major insurance carriers, including Liberty Mutual and Progressive. In addition to its core consumer offerings, the firm launched a dedicated subsidiary called CyberPolicy to help small and medium-sized enterprises identify vulnerabilities and secure cyber coverage. Before its November 2020 acquisition by insurance brokerage Brown & Brown, the venture-backed firm raised over $112 million in total funding from investors such as Blumberg Capital and RRE Ventures, reaching a $103 million valuation in 2015. CoverHound was founded in 2010 by Basil Enan.
Key people at CoverHound.
CoverHound has raised $110.8M in total across 5 funding rounds.
CoverHound's investors include Kevin Kerridge, Aflac Ventures, Chubb, MS&AD Ventures, ACE & Company, Core Innnovation Capital, Cota Capital, Deep Fork Capital, Founders Fund, RRE Ventures, SciFi VC, Josh Abramowitz.
CoverHound has raised $110.8M across 5 funding rounds. Most recently, it raised $58.0M Series D in February 2019.
CoverHound is an InsurTech company that operates an online platform enabling consumers and small businesses to compare, quote, and purchase insurance policies from A-rated U.S. carriers across all 50 states.[1][4][5] It serves individuals and business owners seeking personal lines (auto, home, renters, motorcycle) and commercial coverage (general liability, workers' compensation, cyber liability), solving the problem of opaque, time-consuming insurance shopping by delivering fast, accurate, personalized rates through a user-friendly comparison engine.[1][2][4] As part of Brown & Brown, Inc. (NYSE: BRO) since its 2020 acquisition, CoverHound leverages the parent's national network while focusing on digital innovation in the micro-commercial segment, with a fully remote team of 51-200 employees driving growth via strategic carrier partnerships like Progressive and Travelers.[1][3][5]
CoverHound was founded in 2010 in California by Basil Enan, who serves as CEO and aimed to eliminate the "messy and opaque nature" of insurance shopping, starting with a web-based auto insurance comparison tool launched in 2012.[2][3][7] Enan's background includes building relationships with over 60 insurance carriers before the insurtech venture, drawing from prior underwriting roles.[3] The idea emerged from recognizing consumers' need for transparent marketplaces; early traction came via expansion to home, renters, and motorcycle insurance, supported by a $4.5 million funding round in its startup phase and total raises of $117.75M before acquisition.[2][6][3] A pivotal moment was its November 2020 acquisition by Brown & Brown, Inc., integrating it into a major brokerage while preserving its tech-driven model.[1][3][4]
CoverHound rides the InsurTech wave, digitizing a fragmented $1T+ U.S. insurance market by automating comparisons and reducing friction in a sector historically reliant on agents and paperwork.[1][2][4] Its timing aligns with post-2010 fintech booms and rising demand for online marketplaces amid e-commerce growth, accelerated by the 2020 acquisition amid pandemic-driven digital shifts.[3] Favorable market forces include regulatory openness to tech brokers, small business insurance needs (e.g., cyber risks), and consumer preference for transparency over opaque quotes.[1][5] It influences the ecosystem by pioneering scalable comparison tools, inspiring competitors like Jerry and Insure.com, while Brown & Brown's scale amplifies its reach in retail and micro-commercial segments.[3]
CoverHound is poised to expand within Brown & Brown by deepening AI-enhanced quoting, targeting underserved micro-commercial niches like gig economy and cyber coverage amid rising risks.[1][4][5] Trends like embedded insurance, real-time data integration, and regulatory pushes for transparency will propel its growth, potentially boosting market share through national expansion. Its influence may evolve from pure-play InsurTech to a hybrid model blending tech with brokerage expertise, solidifying its role as a transparent gateway for insurance shoppers nationwide—echoing its founding mission to simplify a complex industry.[2][3]
