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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

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, Vertical SaaS

Business Model

B2B

Customer Profile

Marketplace Commission, Subscription SaaS

AI Layer

Application

Keywords

embedded insurancecommercial insurance APIinsurtechinsurance infrastructureAPI-first insuranceinsurance marketplacequote and bindinsurance automationvertical SaaSinsurance distributionwhite-label insuranceinsurance workflow automationinsurtech APIinsurance as a service

Historical Pricing

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Caplight Momentum Score

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CoverForce Comparables

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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
SeedJan 1, 2022

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.

  • Mar 1, 2026

    Working with Travelers, Liberty Mutual, and Chubb.

  • Dec 19, 2025

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

CoverForce Filings

SEC and related filings with document metadata.

Data table
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CoverForce Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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

Firmographic Details

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

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