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CoverForce

CoverForce

Private
New York City, New YorkFinTechhttps://www.coverforce.com/

Last Round

Series A

Mar 5, 2025

Total Funding Raised

$18M

Momentum

Top 25%

of companies Caplight tracks

Company Overview

CoverForce is an insurtech company that provides an infrastructure platform for commercial insurance, connecting carriers and agencies through a unified API.

Sector

FinTech

Verticals

InsurTech, API Management, Compliance & Risk

Business Model

B2B

Customer Profile

Subscription SaaS, Services & Consulting

AI Layer

Application

Keywords

embedded insuranceAPI platformcommercial insuranceInsurTechinsurance APIinsurance infrastructureinsurance distributioninsurance automationAPI-first insuranceinsurance as a servicevertical SaaSquote and bindACORD formsinsurance workflow automation

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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CoverForce Comparables

Compare CoverForce with similar companies based on industry and business-model similarity.

CoverForce comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Boost Insurance
84%
Tint
83%
Authentic Insurance
82%

CoverForce Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series AMar 5, 2025
SeedOct 27, 2023

Key People

Founding team and executive leadership

Cyrus Karai

Co-Founder CEO

Founding Team

Kaivan Wadia

Chief Technology Officer

Executive Team

CoverForce Investors

Notable investors and investment history

CoverForce investors
InvestorRounds
GaingelsSeries A
QED InvestorsSeries A, Seed
Muir CapitalSeed
Nyca PartnersSeries A, Seed
Insight PartnersSeries A
Sidekick PartnersSeries A, Seed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jul 1, 2026

    Embedded insurance product used by Walmart, Gusto, and Uber.

  • Jul 1, 2026

    Partnerships with Travelers, Liberty Mutual, and Chubb disclosed.

CoverForce Filings

Explore SEC and related filing metadata, where available.

CoverForce filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about CoverForce's valuation, stock price, and market status.

Is CoverForce a public or private company?

CoverForce is a private company.

What is the current stock price of CoverForce?

CoverForce is a private company, so its shares have no public market price. Caplight tracks CoverForce's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.

How much is CoverForce worth (valuation)?

Valuation information for CoverForce is not publicly available.

Can I buy CoverForce stock?

CoverForce shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.

When was CoverForce's last funding round?

CoverForce's most recent funding round was Series A on March 5, 2025.

Who are the main investors in CoverForce?

Key investors in CoverForce include Nyca Partners, Insight Partners.

Will CoverForce IPO soon?

No public IPO plans have been announced for CoverForce.

How can I track CoverForce secondary market activity?

Caplight tracks bids, offers, and trades in CoverForce's shares on secondary markets.

Firmographic Details

HeadquartersNew York City, New York
Employee Range56
Year Founded2020
Last FundingMar 5, 2025

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