Source: Coverager
The latest round brings Steadily’s total funding to $89.5 million, following its $28.5 million Series B in 2023. The new investment was led by Two Sigma Ventures with participation from Zigg Capital, Clocktower Technology Ventures, Belfer Investment Partners, Nine Four Ventures, and Matrix Partners.
“The idea for Steadily was planted eight years ago when I had a comically difficult time getting insurance for my first rental property. After Steadily launched, I became its first customer. That made it easy for us to empathize with our customers, because we are them. We’ve invested tens of millions in tech so someone can come to Steadily and purchase high-quality insurance in seconds. This latest round lets us push the envelope of how speedy our service and claims can be.” – Darren Nix, Co-Founder and CEO of Steadily.
“Despite owning 40% of America’s rental units, individual landlords have been dramatically underserved by the insurance industry. Steadily created a solution specifically designed for rental property owners, not just retrofitted homeowner policies. As landlords themselves, they understood the pain points firsthand and built technology that simplifies the entire process. Their impressive growth confirms they’re addressing a significant need in the market. We’re thrilled to back Darren and the Steadily team as they continue to transform insurance for America’s millions of property investors.” – Colin Beirne, Partner at Two Sigma Ventures.
Read the full article: https://www.coverager.com/steadily-raises-30-million/
