Tuesday, September 22, 2015

CoverHound Raises $33.3M

CoverHound, which has offices in Westlake Village, and is also one of the portfolio firms of Los Angeles-based venture investor Core Innovation Capital, has raised $33.3M in a Series C funding. The company now reportedly has a valuation of over $103M. CoverHound operates an online marketplace to compare and purchase insurance, has raised $33.3M more in a Series C funding, in a funding led by ACE Group, and also including RRE Ventures, Blumberg Capital, Core Innovation Capital, Route 66 Ventures and American Family Ventures. Los Angeles investor Core Innovation Capital, which makes investments in fintech startups, also invested in CoverHound's prior round. CoverHound is based in San Francisco, but said in March that it would be growing its operations in Westlake Village thanks to its Series B funding. The company now lists positions for Insurance Advisors, an Engineering Manager, and a Ruby-on-Rails Engineer in Westlake. More information »