Landlord insurtech Steadily secured $30 mn in Series C funding, bringing its total valuation to $355 mn. This latest round increases the company’s total funding to $89.5 mn.
Two Sigma Ventures led the round, joined by existing investors Zigg Capital, Clocktower Technology Ventures, Belfer Investment Partners, Nine Four Ventures, and Matrix Partners.
Steadily, founded in 2020, offers landlord insurance across all 50 U.S. states. The company operates through five managing general agent (MGA) programs, an insurance agency, and its own carrier, Steadily Insurance Company.
This carrier began issuing property and casualty dwelling fire policies in Q4 2024. The company reports $250 mn in annualized gross written premiums.
A key factor in Steadily’s growth is its network of over 400 proptech integrations.
Partnerships with platforms such as Roofstock, TurboTenant, FurnishedFinder, and BiggerPockets enable Steadily to collect property data and generate insurance estimates instantly, without requiring user input.
Darren Nix, Co-Founder and CEO, explained that Steadily emerged from his personal difficulties in securing insurance for his first rental property eight years ago. After founding the company, he became its first customer.
Darren stated that Steadily has invested tens of millions in technology to allow customers to purchase insurance within seconds. The new funding will support further improvements in service speed and claims processing.
The idea for Steadily was planted eight years ago when I had a comically difficult time getting insurance for my first rental property. After Steadily launched, I became its first customer. That made it easy for us to empathize with our customers, because we are them.
Darren Nix, Co-Founder and CEO of Steadily
“We’ve invested tens of millions in tech so someone can come to Steadily and purchase high-quality insurance in seconds. This latest round lets us push the envelope of how speedy our service and claims can be,” said Darren Nix.
Colin Beirne, Partner at Two Sigma Ventures, highlighted that individual landlords, who own 40% of U.S. rental units, remain underserved by traditional insurers. He emphasized that Steadily offers products built specifically for rental property owners rather than adapting homeowner policies.
Beirne noted that the company’s growth reflects strong market demand and confirmed Two Sigma Ventures’ commitment to supporting Steadily’s expansion.
Despite owning 40% of America’s rental units, individual landlords have been dramatically underserved by the insurance industry. Steadily created a solution specifically designed for rental property owners, not just retrofitted homeowner policies.
Colin Beirne, Partner at Two Sigma Ventures
“Their impressive growth confirms they’re addressing a significant need in the market. We’re thrilled to back Darren and the Steadily team as they continue to transform insurance for America’s millions of property investors,” Colin Beirne said.
The new capital will allow Steadily to advance product development, improve claims automation, and strengthen its position within the property technology sector.
