Covered by SAGE, a tech-enabled Property and Casualty (P&C) insurance brokerage, closed a $6m seed funding round.
The round was led by NFX with participation from Tectonic Capital and Treasury, the fintech platform launched by Acorns and Betterment Co-Founders. Additional investors include Metaprop, Blue9, and the founders of Casper, Tinder, Pillpack, Flatiron Health, and Thumbtack.
The company intends to use the funds to continue to expand operations and its business reach.
Founded by Rashik Adhikari while at Harvard Business School alongside Doug Rowe, a former investment banker at Oppenheimer & Co. and e-commerce entrepreneur, Covered by SAGE provides agents with a risk management platform to win more business giving them a complete vision of their customers’ unique exposures. The company previously raised pre-seed in 2018 led by founding investor Tectonic Capital, with additional funding from the co-founder of Tinder.