CoverForce is a New York City-based company that builds AI-powered insurance infrastructure and API connectivity between commercial carriers and agencies.[1]
Funding history
- CoverForce emerged from stealth on 25 October 2023, unveiling a product suite for agency networks, wholesalers and software companies, backed by a $5 million seed round raised in January 2022 led by Nyca Partners with participation from Muir Capital, QED Investors, Sidekick Partners and Moving Capital.[3]
- CoverForce announced a $13 million Series A on 25 March 2025 led by Insight Partners with participation from Nyca Partners.[4]
Traction
- At its March 2025 Series A, CoverForce said it had partnered with over 20 of the largest insurance agency wholesalers and networks in America and supported more than 9,600 producers nationwide.[5]
- CoverForce was named to CB Insights' 2025 Insurtech 50, the world's most promising private insurtech companies, announced 16 October 2025 at ITC Vegas.[8]
- CoverForce's website reports more than 15,000 agencies on the platform, 60+ carrier and MGA integrations, over 110,000 submissions and more than 350,000 AI-labeled carrier interactions.[9]
Customers
- CoverForce names ISU Steadfast as its first customer, partnering in 2022 to build CoverForce from the ground up, lists Nationwide, Markel and Westchester among its 2026 excess-and-surplus integrations, and says it powered 4 of the top 10 US wholesalers in 2025.[10]
Partnerships
- CoverForce's platform integrates with carriers including AmTrust, Chubb, Liberty Mutual and Travelers, covering workers' compensation, general liability, business owner's policies and cyber.[6]
NYC headquarters
- CoverForce lists its New York office at 485 Madison Ave Ste 1702, New York, NY 10022, alongside a second office in Denver, CO.[7]
Founded
- CoverForce dates its start to 2020, when its founders set out to create a single API and platform that could connect agents, platforms and carriers seamlessly.[2]
Backers
Insight Partners
NYC-based global software investor backing high-growth technology and AI companies
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