Announcing our $4.5M pre-seed round led by CoFound and Restive

Coverwatch has raised $4.5 million in pre-seed funding led by CoFound and Restive Ventures, with participation from KFund, Liquid2 Ventures, Manresa Ventures, Movi Collective, Prompt Capital, and others.

We started Coverwatch after living the problem ourselves. Running an HOA management company, we saw premiums climb year after year while coverage gaps went unnoticed. The reason is structural: brokers earn a commission tied to your premium, so the more you pay, the more they make. In 2025, US companies spent over $400 billion on commercial insurance, and more than $40 billion of that went to broker commissions.

We asked ourselves a simple question: what would a broker look like if it worked only for the client? That question became Coverwatch.

Our AI maps your business to the right underwriting questions, shops your coverage across 60+ carriers at once, and monitors your risks year-round instead of showing up at renewal. Clients cut their insurance costs by 20 to 40 percent on average while closing gaps they didn't know they had.

Today we work with homeowner associations, venture-backed technology companies, scaling consumer brands, contractors and fast-growing businesses. The same approach extends to everything after the policy is bound: claims, contract reviews, and risk planning across the whole insurance lifecycle under a single modern customer portal.

We're growing fast and hiring. If rebuilding a $400 billion industry from first principles sounds like your kind of problem, get in touch.