Coverdash, an insurtech agency for startups and small to medium-sized businesses, has announced $13.5 million in Series A funding. This funding comes just one year after the company's oversubscribed Seed round, bringing its total funding to $16 million.
The Series A round was led by Nyca Partners, with participation from existing investors. The company says it will use the funds to expand Coverdash's partner network, grow its team and broaden its insurance carrier panel.
Founded in 2022, Coverdash offers a range of commercial insurance products for startups and SMBs in the United States. The company aims to address the underinsurance and lack of coverage among smaller businesses in the U.S., offering products such as general liability, workers compensation and cyber insurance.
