CoverForce
Founded Year
2020Stage
Series A | AliveTotal Raised
$18MLast Raised
$13M | 9 mos agoAbout CoverForce
CoverForce focuses on providing an insurance API platform in the insurance industry. The company's main service is offering a platform that allows for quick and direct connections with insurance carriers, enabling users to quote, pay, and bind small and medium business insurance. The platform caters to large agencies, wholesalers, and corporates in the insurance industry. It was founded in 2020 and is based in New York, New York.
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CoverForce's Product Videos
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CoverForce's Products & Differentiators
Agent Terminal
One terminal for Agents to submit, compare and buy commercial insurance from their preferred carriers
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Research containing CoverForce
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned CoverForce in 1 CB Insights research brief, most recently on Oct 16, 2025.
Oct 16, 2025 report
Insurtech 50: The most promising insurtech startups of 2025Expert Collections containing CoverForce
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
CoverForce is included in 6 Expert Collections, including Insurtech.
Insurtech
4,636 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
9,809 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
ITC Vegas 2024 - Exhibitors and Sponsors
699 items
Created 9/9/24. Updated 10.22.24. Company list source: ITC Vegas. Check ITC Vegas' website for final list: https://events.clarionevents.com/InsureTech2024/Public/EventMap.aspx?shMode=E&ID=84001
Insurtech 50 2025
50 items
Do not share
ITC Vegas 2025
496 items
Based on sponsor list as of 9.22.2025
Insurtech 50
50 items
Latest CoverForce News
Apr 7, 2025
By Digital Insurance Staff April 07, 2025, 5:30 a.m. EDT 4 Min Read There were about 57 funding events in the model. (Other funding events, such as private-equity infusions, are included in the overall count.) A portion of the data was sourced from Crunchbase. Other information, including quotes from investing VCs, comes from company announcements. For our previous edition, which covered the month of February, click Nirvana Insurance Type of company: Leveraging telematics data to drive AI-powered insurance for trucking fleets Investors: General Catalyst, Valor Equity Partners, Lightspeed Venture Partners, Elad Gil, Sam Hodges "With AI and over 20 billion miles of highly granular telematics data points at our core, we're the only insurance company to invest in end-to-end data integration and modeling architecture from day one," CEO and Co-founder Rushil Goel wrote in a blog post. "It's this foundational work that enables our platform to bring in data from various vehicle hardware sensors and harmonize different formats, frequencies, and volumes of information into a usable data asset that powers our predictive risk models." Richmond National Type of company: P&C and liability insurance underwriter for small and mid-sized businesses Investors: HF Capital, WT Holdings, Bonhill Capital "We appreciate the continued confidence our shareholders have in our team and what we are building together," said Joe Kavanagh, President and CEO. "This growth capital will enable us to continue the momentum we have achieved so far. Our talented employees, backed by the ongoing support of our shareholders, are building a tremendous company and an outstanding culture." CoverForce Type of company: Digital tools for brokers, PEOs and distributors in the commercial insurance space Investors: Insight Partners, QED Investors, Nyca Partners, Karman Ventures, Darian Shirazi "The insurance market is built on a legacy of paper and PDF — a huge issue in a market worth more than $960 billion," Kaivan Wadia, CTO and co-founder of CoverForce, said in a press release. "CoverForce delivers a unified API infrastructure that decreases the time to integrate from months to weeks, saving our partners millions of dollars in R&D costs." XN Captive Investors: Caffeinated Capital
CoverForce Frequently Asked Questions (FAQ)
When was CoverForce founded?
CoverForce was founded in 2020.
Where is CoverForce's headquarters?
CoverForce's headquarters is located at 485 Madison Avenue, New York.
What is CoverForce's latest funding round?
CoverForce's latest funding round is Series A.
How much did CoverForce raise?
CoverForce raised a total of $18M.
Who are the investors of CoverForce?
Investors of CoverForce include Nyca Partners, Insight Partners, FinTech Innovation Lab, Moving Capital, Sidekick Partners and 5 more.
Who are CoverForce's competitors?
Competitors of CoverForce include Herald and 5 more.
What products does CoverForce offer?
CoverForce's products include Agent Terminal and 2 more.
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Compare CoverForce to Competitors
Aurora is a digital managing general agent (MGA) specializing in the insurance sector. The company offers tailored, easy-to-understand insurance products that are designed to meet the specific needs of businesses. Aurora's services are primarily utilized by various trade types seeking real-time, affordable insurance solutions. It was founded in 2022 and is based in London, United Kingdom.
Highwing focuses on providing an open data platform for the commercial insurance sector. Its main offerings include software solutions that enable brokers and carriers to connect, access, and leverage data analytics throughout the entire customer lifecycle, aiming to enhance sales, streamline workflows, and improve customer experiences. Highwing's platform is designed to serve the commercial insurance industry by facilitating better decision-making on customers, products, pricing, and risk management. Highwing was formerly known as IMAgine Analytics. It was founded in 2018 and is based in Denver, Colorado.
Pikl provides insurance solutions for the sharing economy, particularly for property owners and hosts in the short-term rental market. The company offers coverage for Airbnb hosts, holiday lets, landlords, and static caravans, aimed at protecting against risks associated with renting out properties. Pikl serves individuals and businesses in the property rental and sharing sectors. It was founded in 2016 and is based in Norwich, United Kingdom.
Zego provides commercial motor insurance products for self-employed drivers and fleets. The company offers insurance policies for private hire taxi drivers, delivery services, and various types of van insurance, all managed through an app. Zego primarily serves the self-employed driver sector, offering solutions like the Zego Sense application for driving with policy discounts. Zego was formerly known as Tego. It was founded in 2016 and is based in London, United Kingdom.
Foliume provides artificial intelligence solutions for the insurance sector, focusing on process automation for brokerages and insurance agencies. The company offers tools that automate tasks such as portfolio management, re-quoting, and data organization, allowing professionals to focus on client advisory. Foliume's platform aims to improve customer retention and identify cross-selling and up-selling opportunities, while also streamlining communication and marketing efforts. It was founded in 2021 and is based in Montevideo, Uruguay.
Goosehead is a property and casualty insurance agency operating in the insurance sector. The company provides various insurance products, including homeowners, auto, motorcycle, boat, RV, condo, landlord, renters, and flood insurance, along with personalized coverage and support. Goosehead also offers franchise opportunities and support for insurance agents. It is based in Westlake, Texas.
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