Steadily obtains $28.5m in Series B funding
US: Landlord insurance company Steadily has announced that it has raised $28.5 million in Series B funding.
The round was led by Zigg Capital with participation from Matrix Partners, Koch Ventures, Clocktower Technology Ventures and Nine Four Ventures, and takes Steadily’s total funding to date to $59.5 million. The company last raised $27.8 million in a Series A funding round in November 2021.
Steadily serves 18 million individual rental property owners who collectively own the large majority of single family and small apartment rentals across the United States. Its mission is to make landlord insurance fast, easy, and affordable, which has resulted in rapid growth.
The Austin-based company, founded in 2020, plans to use the capital injection to enhance its mobile-first experience and integrate new technology such as embedded IoT devices in order to prevent property damage from the outset of a stay.
After starting out as a retail agency, Steadily is now present in 50 states and seeks to empower landlords with insurance quotes at any time on any day. Its product is designed to deliver the best possible customer experience at every touch point that enables real estate investors to access insurance at all stages of the customer lifecycle.
