CoverForce builds a unified API platform that enables instant quoting, payment, binding and policy issuance for commercial insurance. Its marketplace connects brokers, wholesalers, and agencies to national carriers such as AmTrust, Chubb, Liberty Mutual, and Travelers across lines including Workers' Compensation, General Liability, BOP and Cyber. The platform standardizes data flows and digitizes workflows to reduce integration time from months to weeks, lowering partners' R&D costs and manual processing. CoverForce partners with over 20 of the largest insurance wholesalers and networks in America and supports more than 9,600 producers nationwide. The company offers flexible APIs and customized enterprise software to embed insurance workflows inside agency-facing and direct-to-consumer applications. With the new funding, CoverForce plans to expand platform capabilities, onboard additional carriers and distributors, invest in AI-driven tools, and grow its engineering team. CoverForce provides an API-driven platform that digitally connects agencies and corporate customers with insurance carriers and is launching a suite of products for agency networks, wholesalers, and software companies. Its core infrastructure and customized software enable agents to receive instant quotes from top, best-fit carriers and to bind and pay with one click. For carriers, the platform unlocks new distribution channels while preserving carrier control over access. CoverForce emerged from stealth and is a product of the University of Pennsylvania’s Innovation Fund. The company reports that 3,500 users have used its platform during recent months of operation. It completed a $5M seed funding round to support its launch and growth.

Total raised

$18M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2025