District Cover, a tech-enabled insurance agency focused on expanding access to insurance for America’s urban business communities, has raised $6m in fresh funding.
The company said the latest investment will help accelerate its growth across team expansion, product development, platform enhancements and strategic city partnerships. The aim is to advance its mission of delivering broad and affordable coverage to underserved urban businesses.
District Cover works to make insurance more accessible for businesses operating in densely populated city centres, an area often underserved by traditional carriers.
The company’s platform gives brokers streamlined access to tailored cover, supporting business owners across city neighbourhoods. With the new investment, District Cover is set to expand upcoming product enhancements including higher TIV limits, new quoting and underwriting tools, and a new property-only product aimed at landlords, LRO exposures and a wide range of city-based businesses.
The business is currently scaling rapidly following its launch in New York. Over the past year, District Cover has extended partnerships with distribution teams nationwide, expanded into the Southeast, handled more than 10,000 applications and doubled the size of its team.
District Cover CEO Patrick Girouard said, “Our mission is to ensure that every business, especially those in overlooked city neighborhoods, has access to the coverage they need to thrive.
“This round demonstrates the confidence our investors have in our approach and provides the resources we need to scale our technology, expand our products, and support the brokers and businesses we serve.”
Matt Perlman, partner at IA Capital, added, “This is more than just funding—it’s a vote of confidence in the belief that urban businesses in every neighborhood deserve tailored, reliable insurance solutions.”
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