Coverdash raises $13.5 Series A for its embedded insurance firm.

TLDR:

• Coverdash, an embedded insurance firm, raised $13.5 million in Series A funding led by Nyca Partners.
• The company aims to provide insurance products for SMEs and startups in the US, with a focus on general liability, business owners’ policy, and cyber insurance.

Key Elements:

B2B Insurtech Coverdash has closed on a $13.5 million Series A funding round, led by Nyca Partners and joined by existing investors.

Coverdash was founded in 2022 with a mission to provide insurance products for SMEs and startups in the US. The company has secured over 100 embedded distribution partnerships since its inception.

The company’s tech stack enables partners to sell insurance within seconds, addressing the issue of underinsured businesses in the US.

Coverdash’s primary products include general liability, business owners’ policy, workers’ compensation, directors’ and officers’ liability, cyber insurance, and professional liability.