Cover Hound
Acquired13 known investors
Insurance comparison (AngelPad #2). Valued at $100M+.
Also known as CoverHound · CoverHound Inc. · CoverHound Insurance Solutions · CoverHound LLC
Founders & leadership
Investors · 13
Also in the syndicate · 7
Company profile
researched Aug 2026CoverHound operates an online insurance marketplace that lets consumers and businesses compare and purchase policies from A-rated US carriers, with coverage available in all 50 states. Personal lines include auto, motorcycle, homeowners, renters, condo and umbrella insurance; commercial lines include general liability, business owners policies, commercial auto, professional liability, workers compensation, directors and officers, and cyber insurance. Customers can complete purchases online or speak with licensed advisors by phone, and the company states coverage can begin within 24 hours.
CoverHound's wholly-owned subsidiary CyberPolicy launched in 2016 as a marketplace for small businesses to compare, quote and buy cyber insurance online, later expanding into broader small and medium business coverages and bundles. Since November 2020 CoverHound and CyberPolicy have been owned by insurance brokerage Brown & Brown, Inc. (NYSE: BRO), continuing to operate independently within the group and, per the company website, sitting within Brown & Brown's Retail segment.
Business model
CoverHound distributes insurance products from third-party carriers through an online comparison and purchase platform, supported by licensed advisors, serving both personal and commercial lines customers. It operates as a licensed insurance producer (DBA CoverHound Insurance Solutions, CA License No. 6005304).
Traction
The company website cites more than 300,000 policies sold, and the acquisition release cites a Net Promoter Score of 82 over the preceding ten years alongside growth in policies sold entirely online.
Latest developments
Brown & Brown, Inc. acquired CoverHound and CyberPolicy in November 2020, with both continuing to operate independently under Brown & Brown; CoverHound's site continues to publish consumer insurance content, with articles dated into January 2026.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Positioned as an early InsurTech and digital insurance marketplace; following the acquisition it serves as a digital distribution platform for Brown & Brown, which reports more than 8,000 Retail teammates across 300+ US locations and select global markets.
Technology
The platform digitally quotes and binds multiple carriers and products within a single online transaction, delivering comparison quotes based on a customer's stated coverage needs.
Go-to-market
Direct online acquisition through its comparison quoting sites plus phone-based licensed advisors, complemented by carrier relationships and digital partnerships with consumer brands; after the acquisition the stated focus was on scaling digital partnerships.
Individual consumers seeking auto, home, renters and related personal coverage, and small and medium-sized businesses seeking commercial and cyber coverage.
Geography
Operates in all 50 US states; the company was San Francisco-based at the time of the 2019 funding round and the 2020 acquisition announcement, and its site lists an address at 1001 Mark Ave Ste 201, Carpinteria, California. Proceeds from the 2019 Series D were earmarked for targeting the Japanese market.
History
The company describes itself as one of the original InsurTechs, with website copyright notices dating to 2010 and the acquisition release referring to a decade of operation. CyberPolicy was launched as a cyber insurance marketplace in 2016. In 2019 the company raised a Series D round led by Hiscox with participation from Chubb, Aflac Ventures and MS&AD. While raising capital during the coronavirus pandemic, it received several buyout proposals, and in November 2020 was acquired by Brown & Brown, Inc.
Risks & controversies
Company commentary notes that the coronavirus pandemic disrupted in-person brokerage sales channels and coincided with a fundraising process that ultimately resulted in a sale rather than a new financing round.
Compiled by commissioned research from 12 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
2 people who came through Cover Hound went on to found or lead other companies.
Competitors · 4
by search overlap
Companies competing with Cover Hound for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 12
launches, deals, and filingsCoverHound and its wholly-owned subsidiary CyberPolicy announced they had been acquired by insurance brokerage Brown & Brown, Inc. (NYSE: BRO) to accelerate digital insurance distribution; both were to continue operating independently and focus on scaling digital partnerships.
Brown & Brown Inc. acquired CoverHound Inc. after the pandemic-driven shift to digital sales; CoverHound was raising capital and received several buyout proposals, particularly for its personal lines business.
CoverHound raised a $58m Series D round led by Hiscox, with Chubb, Aflac Ventures and MS&AD participating; the San Francisco-based company said it would use the capital to target the Japanese market.
$58M source ↗
CyberPolicy began providing cyber insurance options through Progressive Insurance to give more SMBs access to cyber coverage.
CoverHound partnered with Hiscox to offer cyber insurance through CyberPolicy.
Series D proceeds intended to expand offices beyond San Francisco and Westlake Village, California to Charlotte, North Carolina and to drive international expansion into Japan and other global markets.
Series D led by Hiscox with Chubb, Aflac Ventures and MS&AD participating; Allen & Company LLC advised. Proceeds earmarked for CyberPolicy, offices in Charlotte, North Carolina and expansion into Japan and other markets.
$58M source ↗
CyberPolicy launched as a marketplace for small businesses to compare, quote and buy cyber insurance online, later expanding to additional core business insurance products and bundles.
CoverHound established a cybersecurity-focused subsidiary, CyberPolicy, helping SMBs identify vulnerabilities, connect with cybersecurity companies for prevention and find cyber insurers.
Series B financing with existing investors RRE Ventures, Blumberg Capital and Bullpen Capital plus new investors Core Innovation Capital, Thomas Lehrman, Tugboat Ventures, Route 66 Ventures and American Family Ventures; Arjan Schütte and Ryan Katz joined the board.
$14M source ↗
CoverHound announced a $4.5 million Series A led by RRE Ventures with Bullpen Capital, existing investor Blumberg Capital and angel investor Ed Ojdana, bringing total funding to $6.5 million.
$4.5M source ↗
CoverHound introduced its first product, an online auto insurance comparison shopping engine, at Finovate in May 2012.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 12
primary sources listed
- Cover Houndcoverhound.com · web
- CoverHound® | Press Releases | CoverHound raises $58 million in Series D fundingcoverhound.com · web
12 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Cover Hound do?
- CoverHound is a US digital insurance marketplace for consumers and small businesses, acquired by Brown & Brown in 2020.
- Who founded Cover Hound?
- Cover Hound was founded by Keith Moore.
- Who are Cover Hound's investors?
- Cover Hound's investors include AngelPad, Blumberg Capital, Bullpen Capital, Core Venture Capital, Route 66 Ventures, RRE Ventures.