Who founded CoverWallet?

CoverWallet was founded by Inaki Berenguer in 2015.

Who are CoverWallet's investors?

CoverWallet's investors include Deviation Capital, Foundation Capital, Founder Collective, Kibo Ventures, Kleiner Perkins, R136 Ventures, Siesta Ventures, Union Square Ventures (USV) and 5 more.

How much funding has CoverWallet raised?

CoverWallet has disclosed $18.5M raised across 1 of its 3 known rounds.

Who acquired CoverWallet?

CoverWallet was acquired by Aon.

Where is CoverWallet headquartered?

CoverWallet is headquartered in New York, US.

CoverWallet

acquired by Aon

New York, US · Founded 2015 · Delaware corporation · 13 known investors

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An insurance brokerage offering personalized policy solutions for small businesses across multiple sectors including healthcare providers, attorneys, dentists, and nonprofits.

InsurTech

Founders & leadership

CoverWallet was founded in 2015 by Inaki Berenguer.

Inaki Berenguer CEO and co-founder2015–2022Managing Partner at LifeX Ventures

Inaki Berenguer Rashmi MelgiriFounder

Rashag JhunjhunwalaFounder

Board

Charles Moldow Board directorGeneral Partner at Foundation Capital

John Buttrick Board directorPartner at Union Square Ventures (USV)

Investors · 13

Deviation Capitallisted by Deviation CapitalNew York

How we know: Deviation Capital's portfolio page · Not right? Tell us

Foundation Capitallisted by Foundation CapitalPalo Alto · $250K – $15Mvia Charles Moldow · board

How we know: board seat on SEC Form D · funding news · foundationcapital.com · Not right? Tell us

Founder Collectivelisted by Founder CollectiveCambridge

How we know: Founder Collective's portfolio page · funding news · prnewswire.com · Not right? Tell us

Kibo Ventureslisted by Kibo VenturesMadrid · $2.2M – $5.4M

How we know: Kibo Ventures's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Kleiner Perkinslisted by Kleiner PerkinsMenlo Park · $500K – $15M

How we know: Kleiner Perkins's portfolio page · Not right? Tell us

R136 Ventureslisted by R136 VenturesWoodside · $2M – $20M

Siesta Ventureslisted by Siesta Ventures

How we know: Siesta Ventures's portfolio page · Not right? Tell us

Union Square Ventures (USV)listed by Union Square Ventures (USV)New York · $1M – $8Mvia John Buttrick · board

How we know: Union Square Ventures (USV)'s portfolio page · board seat on SEC Form D · prnewswire.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Base10 PartnersreportedSan Francisco · $100K – $5M

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Fort Ross VenturesreportedHerzliya

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Highland Capital PartnersreportedCambridge · $1M – $10M

How we know: funding news · prnewswire.com · Not right? Tell us

Index VenturesreportedSan Francisco · $540K – $10.8M

How we know: funding news · prnewswire.com · Not right? Tell us

Two Sigma VenturesreportedNew York · $2M – $15M

How we know: funding news · prnewswire.com · Not right? Tell us

Funding

SEC filings, press & company announcements

$18.5M disclosed across 1 of 3 rounds · 2016–2025

Undisclosed amountSeries ANov 2016
Union Square Ventures (lead), Founder Collective, Highland Capital Partners, Index Ventures, Two Sigma Ventures
Source ↗

▶$18.5MraisedOct 2017 · 11 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Charles MoldowDirector
Inaki BerenguerExecutive Officer, Director
John ButtrickDirector

Offering amount: $18.5M
Amount sold: $18.5M
First sale: Sep 2017
Incorporated: Corporation, Delaware, 2015
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

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

Founder mafia

The CoverWallet mafia →

7 people who came through CoverWallet went on to found or lead other companies.

Inaki BerenguerFounderFounded InfiniteWatch +1 Courtney LeimkuhlerIndependent DirectorFounded Springbank Collective Scott HartleyInvestorFounded StreamNative Josep MingotProduct LeaderFounded Prosper AI Andrew BlumProductFounded Humanx Luis PinoProduct Manager (First Employee)Founded Agentero Rashmi MelgiriCo-founderFounded Functional Finance

Related companies · 7

CoverdashCoverDash provides embedded insurance technology that allows businesses to source coverage at transaction points. The platform makes insurance accessible to organizations of various sizes through integration into their existing business operations.

CoveredCovered operates a homeowners insurance marketplace connecting mortgage borrowers with 80+ carriers across all 50 states, offering quote comparison, licensed advisor guidance, and renewal re-shopping to help borrowers secure adequate coverage and competitive rates.

CoverforceCoverForce provides modular, white-label software and an API for the commercial insurance value chain, letting agents submit, quote, compare, and bind policies across multiple carriers through a single integration. It serves brokers, agencies, agency networks, wholesalers, insurtechs, banks, and PEOs, and offers AI-powered tools for reading submission documents and automating quoting workflows.

FundboxFundbox provides fast, flexible capital access to small businesses through technology-driven lending solutions. The company serves the small business economy with products that simplify financial decision-making and support embedded capital solutions for SMB platforms.

OpenlyOpenly provides home insurance products and services for independent agents and consumers through a technology-enabled platform. The company combines actuarial science and machine learning to streamline quoting, policy management, and claims processes.

CoverA mobile application that lets users photograph items to obtain insurance quotes from multiple carriers. Cover connects customers with insurance companies and brokers to cover vehicles, phones, pets, jewelry, homes, boats, and other property.

ClearcoverClearcover is an insurance company that simplifies auto insurance coverage selection and claims processing through a mobile-first platform, enabling fast claim payouts.

Companies working in the same space as CoverWallet.

In the news

CoverWallet raises $7.8 Million and adds Jim Ermilio as President of Insuranceprnewswire.com · Nov 2016

Frequently asked questions

What does CoverWallet do?: An insurance brokerage offering personalized policy solutions for small businesses across multiple sectors including healthcare providers, attorneys, dentists, and nonprofits.
Who founded CoverWallet?: CoverWallet was founded by Inaki Berenguer in 2015.
Who are CoverWallet's investors?: CoverWallet's investors include Deviation Capital, Foundation Capital, Founder Collective, Kibo Ventures, Kleiner Perkins, R136 Ventures, Siesta Ventures, Union Square Ventures (USV) and 5 more.
How much funding has CoverWallet raised?: CoverWallet has disclosed $18.5M raised across 1 of its 3 known rounds.
Who acquired CoverWallet?: CoverWallet was acquired by Aon.
Where is CoverWallet headquartered?: CoverWallet is headquartered in New York, US.