Coverdash Inc., a New York-based digital insurance agency, said Monday it has launched after raising its seed funding in a round led by Bling Capital, a San Francisco-based venture capital firm.
The startup enables e-commerce merchants, gig workers and other business owners to get commercial insurance quotes online and is backed by multiple insurers and long-time insurance industry executives.
Angel investors include Greg Hendrick, CEO of Vantage Group Holdings Ltd.; Garrett Koehn, Chairman of CRC Group; and Steve Shenfeld, president of MidOcean Credit Partners.
Other investors include Axis Digital Ventures, a unit of Bermuda-based insurer Axis Insurance Holdings Ltd.; Tokio Marine Future Fund, a unit of Japanese insurance company Tokio Marine Holdings Inc.; New York-based Expansion Venture Capital LLC and Oklahoma City-based Cameron Ventures.
Coverdash lists 14 insurance partners on its website and coverages include liability, property, workers’ compensation and cyber.
The startup, which is live in 50 states, aims to simplify the process of buying and managing coverage for business owners, according to a statement.