Coverage Cat
YC S22New York City, US · Founded 2022 · Delaware corporation · 4 employees · Hiring · 5 known investors
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.
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Max ChoinCo-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.
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Timothy MouraPresident
Investors · 5
Reported raises · per SEC filings
Form D private placements$4M disclosed across 1 round · 2022
▶$4MraisedMar 2023 · 18 investors · Other TechnologyRule 506(b)
▶$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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 3
by search overlap
Insurify3067 shared keywordsInsurify operates an online insurance-comparison marketplace that pulls real-time, personalized quotes from 120-plus insurers (including GEICO, Allstate, and Progressive) for auto, home, renters, and pet insurance, letting shoppers compare policies and buy online or with a licensed agent. Its AI-powered tools include a policy-upload feature, and it also offers Insurify Car, a liability-only auto policy with weekly installment payments; the company is a licensed agency in all 50 U.S. states.
Policy Genius2486 shared keywordsPolicygenius is an online insurance marketplace that provides consumers with free, tailored quotes and support from licensed agents across life, auto, home, and disability insurance. It helps individuals compare policies from multiple insurers and choose coverage that fits their needs.
Libertymutual1754 shared keywordsLiberty Mutual is an insurance provider offering personal insurance products including car, home, homeowners, and renters coverage to consumers. The company provides online quotes, claims handling, and support through both its website and mobile app.
Companies competing with Coverage Cat for the same Google search keywords, organic and paid, via search-intersection analysis.
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, Resolute Ventures, South Quad, Y Combinator, Soma Capital.
- 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.