GetCovered.io, a NYC-based insurance software company that makes it simple to buy and track property and casualty insurance online, raised $7m in Series A financing.
The round was led by RET Ventures and joined by Updater, Pelican Ventures, and Crocker Mountain.
Founded by Brandon Tobman, Dylan Gaines and Ryan Solomon in 2018, GetCovered works with insurance carriers, agencies, multifamily owner/operators, and proptech companies to ensure that tenants purchase a community’s minimum required policy — for both residential and commercial leases — and tracks policies throughout the term of the lease. The company provides its partners with a customizable frontend for tenants to purchase insurance from A-rated carriers as well as a backend policy admin portal for COI verification, tracking, billing and policy administration.
Its API integrates with a wide range of property management software, including Yardi Voyager, Onesite, MRI and Entrata, embedding insurance tracking within their existing processes. Commercial partners include Updater, a large moving platform, Marsh, NFP, Confie and other major insurance agencies. Clients include more than five hundred insurance carriers and agencies as clients.