The Austin-based insurtech Steadily has raised $28.5 mn in a new round of funding Series B led by Zigg Capital, which invests specifically in real estate technology companies. Other firms that backed the round include Matrix Partners, Koch Real Estate Investments, Clocktower Technology Ventures, and Nine Four Ventures.
Insurtech Steadily has built a platform for landlords to browse and purchase insurance products for their residential properties.
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. Steadily has built a reputation for making landlord insurance fast, easy, and affordable, which has resulted in rapid growth of 325% year over year.
The latest round brings Steadily’s total funding to $59.5 mn, following a $16 mn Series A in 2021.
Steadily’s platform is a direct-to consumer insurance product. Steadily has gained traction in the real estate investor space as an easy, intuitive direct-to-consumer insurance provider.
As property investors ourselves, we understand the unique challenges and needs of rental property owners. Our platform addresses the “unique challenges” for the rental property sector and getting an insurance quote
Datha Santomieri, Co-Founder of Steadily
Steadily has built an intuitive digital platform to empower landlords with insurance quotes online in minutes, 24/7, from the palm of their hand, in all 50 states.
Product is built to deliver an exceptional customer experience at every touch point, enabling real estate investors to easily access insurance at all stages of their customer lifecycle.
Steadily’s product can automate some of the data entry functions on applying for an insurance quote, making the experience less cumbersome for the applicant.
The ongoing support from investors enables Steadily to continue scaling quickly to meet the growing demand of our product with investors nationwide.
The real estate has been slower to evolve, and insurance in specific has a reputation for outdated processes and lackluster service. Clients are demanding a more modern experience from their insurers and Steadily has proven itself a standout leader in this space
Dave Eisenberg, Co-Founder and Managing Partner at Zigg Capital
The team is fulfilling an unmet need in a growing market and continuing to better itself over time with a clear focus on user experience at every touch point.
Beyond direct sales, Steadily has also seamlessly integrated its product into the broader real estate ecosystem via embedded insurance offerings for independent agents, property management systems, lender software, and more.
Steadily’s meticulously designed mobile-first experience pre-fills many data points like property size and year of construction, saving the user time and hassle over filling out long manual forms.
Users can receive an insurance estimate online in minutes and speak with a team of specialized insurance agents who can answer specific coverage questions via phone, email, or SMS.
The result is a fast, affordable, and delightful experience that has earned Steadily 4.8 of 5 star rating and glowing recommendations from customers.
