/Companies

Coverage Cat

YC S22

New York City, US · Founded 2022 · Delaware corporation · 4 employees · Hiring · 12 known investors

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Narragansett Bay Insurance Company is a specialty homeowners insurer focusing on coastal properties in the Northeast and Mid-Atlantic regions where national carriers typically avoid coverage. The company provides homeowners, condo, renters, and landlord policies across nine states through independent insurance agents.

AI & Machine LearningFintechInsurTechMachine LearningInsuranceUnited States of AmericaAmerica / CanadaFully Remote

Founders & leadership· Y Combinator alumni (S22)

Coverage Cat was founded in 2022 by Max Cho and Gabriel Botelho.

MCMax Cho
Max ChoCo-Founder & CEOMax Cho has worked on marketing products at Google, developed financial prediction software at Two Sigma, and built exception-handling systems at Microsoft. He focuses on prediction tasks using software and data, with particular interest in behavioral economics and marketing dynamics.
GBGabriel Botelho
Gabriel BotelhoCo-Founder & CTOGabriel Botelho serves as co-founder and CTO at Coverage Cat.
TMTimothy Moura
Timothy MouraPresident

Investors · 12

Olive Tree Capitallisted by Olive Tree CapitalBoston

How we know: Olive Tree Capital's portfolio page · the VCSheet dataset · Y Combinator's founder network · Not right? Tell us

Amino CapitalreportedPalo Alto · $100K – $10M

How we know: Y Combinator's founder network · Not right? Tell us

FoundersXreportedPalo Alto

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NKM CapitalreportedSan Francisco

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Roadrunner VenturesreportedAlbuquerque · $1M

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Team IgnitereportedFolsom · $15M

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Reported raises · per SEC filings

Form D private placements

$4M disclosed across 1 round · 2022

▶$4MraisedMar 2023 · 18 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Max Raymond ChoExecutive Officer, Director
  • Gabriel Addis Junqueira BotelhoExecutive Officer, Director
Offering amount
$10M
Amount sold
$4M
Minimum investment
$5K
First sale
Jul 2022
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

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LibertymutualLiberty Mutual provides commercial insurance solutions across multiple industries, including cyber insurance, property, liability, and workers compensation coverage tailored to business needs.

Companies working in the same space as Coverage Cat.

Legal entities · 1

corporate structure
Coverage Cat Inc

In the news

Frequently asked questions

What does Coverage Cat do?
Narragansett Bay Insurance Company is a specialty homeowners insurer focusing on coastal properties in the Northeast and Mid-Atlantic regions where national carriers typically avoid coverage. The company provides homeowners, condo, renters, and landlord policies across nine states through independent insurance agents.
Who founded Coverage Cat?
Coverage Cat was founded by Max Cho, Gabriel Botelho in 2022.
Who are Coverage Cat's investors?
Coverage Cat's investors include Olive Tree Capital, Pioneer, Resolute Ventures, Soma Capital, South Quad, Y Combinator, Amino Capital, FoundersX and 4 more.
How much funding has Coverage Cat raised?
Coverage Cat has disclosed $4M raised across 1 round.
Where is Coverage Cat headquartered?
Coverage Cat is headquartered in New York City, US.