CoverForce, Inc
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
CoverForce, Inc - overview
Established
2020
Location
New York, NY, US
Primary Industry
Software
About
Founded in 2020, and based in New York, US, CoverForce, Inc. , operates as an application programming interface platform, connecting agency networks and wholesalers with property and casualty carriers. The company was co-founded by its chairman, Behram Dinshaw, CTO, Kaivan Wadia, and CEO, Cyrus Karai. In March 2025, CoverForce, Inc raised USD 13 million in series A funding led by Insight Partners, with participation from NYCA Partners.
CoverForce offers a platform that simplifies the insurance submission and quoting process for insurance brokers and PEOs (professional employer organizations). It connects these entities with top-tier insurance carriers, providing a streamlined way to access bindable quotes and services. The company streamlines the underwriting process and facilitates multi-location and multi-class submissions, resulting in bindable quotes. The company will use the March 2025 funding to expand its capabilities, accelerate product innovation, strengthen relationships with key carriers and distributors, and invest in AI-powered tools to automate insurance workflows.
Current Investors
QED Investors, Nyca, Karman Ventures
Primary Industry
Software
Sub Industries
Commercial Insurance, Application Integration Software, Accounting/Finance Software
Website
www.coverforce.com
Verticals
Cloud Computing, InsureTech
Company Stage
Series A
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.