What does Steadily do?
Steadily offers tailored insurance solutions for real estate investors with a focus on landlord insurance. The company operates through its A-rated insurance carrier, multiple MGA programs, and a large insurance agency, serving policyholders in all fifty states.
How much did they raise?
The funding round raised $30M in Series C, led by Two Sigma Ventures with participation from Clocktower Technology Ventures, Belfer Investment Partners, Nine Four Ventures, and Matrix Partners. With a valuation of $335M, this round brings Steadily's total funding to $89.5M following its $28.5M Series B in 2023.
What are their plans for the money?
Steadily intends to use the funds to expand its operations and development efforts, potentially enhancing its offerings and strengthening its presence in the competitive U.S. insurance market.
What have they achieved so far?
The company has already achieved significant milestones with an annualized gross written premium exceeding $250M and a strong operational footprint across all fifty states.
