CoverWallet, founded in 2016 by serial entrepreneur Inaki Berenguer, continues to be one of the fastest growing startups in New York City. It is focused on reinventing small business insurance, making it easier for small businesses to buy and manage their various policies, all online. Prior to CoverWallet, buying and managing the insurance policies small businesses need, has been a terribly tedious paper and pen process. None of this process had been digitally consolidated until now.
This week CoverWallet announced its $18.5 million Series B investment led by Foundation Capital. The round also saw participation from existing investors such as Union Square Ventures, Index Ventures, CV Starr, and Two Sigma Ventures. CoverWallet was named one of the most entrepreneurial companies in the US by Entrepreneur Magazine, and has raised over $30 million to date.