Steadily, an Austin, TX- and Overland Park, KS-based landlord insurance company, raised $28.5M in Series B funding.
The round , which brought total amount to $59.5M, was led by Zigg Capital with participation from Matrix Partners, Koch Ventures, Clocktower Technology Ventures, and Nine Four Ventures.
The company intends to use the funds to expand its mobile-first experience with new tech such as embedded IoT devices to prevent property damage from happening in the first place, and to meet the growing demand of its product with investors nationwide.
Founded by Darren Nix, Datha Santomieri, David Tulig, Steadily has built a digital platform to empower landlords with insurance quotes online in minutes, 24/7, from the palm of their hand, in all 50 states. Its product is built to deliver an improved customer experience at every touch point, enabling real estate investors to access insurance at all stages of their customer lifecycle. The ongoing support from our investors enables Steadily to continue scaling quickly ” Steadily began operations as a retail agency, working with carriers and wholesalers nationwide to offer customers the best possible rate and coverages for their rental properties. It has resulted in increased binding authority with existing carriers and expanded operations to include program administrator capabilities.
Steadily serves the 18 million individual rental property owners who collectively own the large majority of single-family and small multi-family rentals across the U.S.
FinSMEs
06/07/2023