Steadily Raises $31M in Series A Funding


Steadily, an Austin, Texas- and and Overland Park, KS-based landlord insurance company raised approx. $27.8m in Series A funding.

The round, which added to the $3.8M announced one year earlier and brought total funding to $31M, was led by Matrix Partners and Zigg Capital with participation from Vesta Ventures and existing investors Peak State Ventures, Nine Four Ventures, and Next Coast Ventures.

Led by founder and President Darren Nix, Steadily has built a digital platform to let landlords get an insurance quote online in minutes, 24/7. The mobile-first experience pre-fills many data points like property size and year of construction. A team of specialized sales agents are available nationwide to answer specific coverage questions or assist via phone, email, or SMS. Coverage options are personalized to customer needs, with insurance options for all property types – from single family rentals, to fix and flips, to short-term rentals, and beyond.

Steadily serves the 17 million individual rental property owners who collectively own the large majority of single family and small apartment rentals across the US.

Next, the company plans to expand its mobile-first experience with new tech such as embedded IoT devices to prevent property damage from happening in the first place.