CoverHound
Encyclopedia
CoverHound is a startup company that has developed a platform for consumers to shop for car insurance. The CoverHound site lets users see the best offers from top insurance carriers before selecting a car insurance policy. The company was founded in May 2010 by Basil Enan, a former executive at InsWeb
. CoverHound raised $750,000 in seed funding from Blumberg capital
.
In November 2011 the company announced the launch of CoverHound Insurance Solutions, a national full-service independent agency based in Southern California, that will give consumers instant, accurate and actionable rates from leading car insurance carriers.
CoverHound’s offices are located at 300 Brannan Street in San Francisco, California
.
The company has also used proprietary data to publish studies on car insurance trends, including one that showed Americans prefer to work with local agents over direct carriers.
and Polaris Ventures.
CoverHound was a member of the AngelPad
Winter 2011 class. The startup incubator founded by seven former Google
employees invited CoverHound and 14 other startups to join the program out an applicant pool of more 800 companies worldwide. CoverHound presented at AngelPad's Demo Day -- along with Shopobot, Crittercism and other notable startups -- and attracted funding from Blumberg Capital shortly thereafter.
InsWeb
InsWeb Corporation operates an online insurance marketplace designed to allow consumers to compare insurance products and rate quotes from a variety of providers....
. CoverHound raised $750,000 in seed funding from Blumberg capital
Blumberg capital
Blumberg Capital is an early-stage venture capital firm that specializes in providing the Seed or Series A round funding to technology companies in the software, digital and social media, mobile and consumer Internet industries. The company was founded in 1991 and is headquartered in San Francisco...
.
In November 2011 the company announced the launch of CoverHound Insurance Solutions, a national full-service independent agency based in Southern California, that will give consumers instant, accurate and actionable rates from leading car insurance carriers.
CoverHound’s offices are located at 300 Brannan Street in San Francisco, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
.
Description
CoverHound uses relationships with car insurance carriers and agencies to improve users’ car insurance policies. Drivers get car insurance recommendations without selling consumer data to multiple lead buyers.The company has also used proprietary data to publish studies on car insurance trends, including one that showed Americans prefer to work with local agents over direct carriers.
Honors & Recognitions
In October of 2010, CoverHound placed first in an investor pitch event held at Dogpatch Labs in New York City. The investor panel included representatives from First Round CapitalFirst Round Capital
First Round Capital is a venture capital firm that specializes in providing seed-stage funding to technology companies. Managed by Josh Kopelman, Chris Fralic, Rob Hayes and Howard L. Morgan, the Philadelphia-based company typically provides seed-stage investment that ranges from $250,000 to $500,000...
and Polaris Ventures.
CoverHound was a member of the AngelPad
AngelPad
AngelPad is an American seed-stage startup incubator, launched in September 2010 by seven former Google employees. AngelPad provides mentorship, seed money, and networking at two 10-week courses per year....
Winter 2011 class. The startup incubator founded by seven former Google
Google
Google Inc. is an American multinational public corporation invested in Internet search, cloud computing, and advertising technologies. Google hosts and develops a number of Internet-based services and products, and generates profit primarily from advertising through its AdWords program...
employees invited CoverHound and 14 other startups to join the program out an applicant pool of more 800 companies worldwide. CoverHound presented at AngelPad's Demo Day -- along with Shopobot, Crittercism and other notable startups -- and attracted funding from Blumberg Capital shortly thereafter.