CoverForce is a leading marketplace for quote-and-bind API connections in commercial insurance, offering a trusted and secure platform for carriers, agencies, and wholesalers. With over 20 of the largest insurance wholesalers and networks in America, CoverForce enables faster underwriting, instant quotes, and one-click policy binding. Founded at the University of Pennsylvania's Innovation Labs, CoverForce is backed by investors from Insight Partners, Nyca Partners, and QED Investors, as well as advisors from Travelers and The Hartford. The company continues to expand its reach by offering customized enterprise software for agencies and robust APIs that drive transformative change in the insurance ecosystem.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 03/05/25 | $13,000,000 | Series A |
Insight Partners Nyca Partners | undisclosed |
