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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

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
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.

Recent news

Latest coverage and updates

  • launchesSep 15, 2026

    CoverForce, Inc. launched CoverForce Startup Program on Sep 15th '26.

  • partners_withSep 15, 2026

    CoverForce, Inc. partners with Amwins.

  • is_developingJul 8, 2026

    CoverForce, Inc. is developing independent insurance platform on Oct 25th '23.

  • recognized_asJul 8, 2026

    CoverForce, Inc. recognized as 50 most innovative insurtech startups. on Oct 16th '25.

  • launchesJul 8, 2026

    CoverForce, Inc. launched comprehensive suite of products on Oct 25th '23.

CoverForce Filings

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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 with no public stock price. No recent secondary market data is available.

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. Visit https://www.caplight.com to learn more.

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 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 for private companies. Visit https://www.caplight.com to monitor CoverForce's secondary market activity and sign up for updates.

Firmographic Details

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

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