Participated · Series B · Feb 2017

EverQuote operates an online data-and-technology insurance marketplace that connects drivers with agents and carriers using a scientific, data-driven approach to match consumers with suitable price and coverage. The platform applies big data and machine learning to drive down costs for insurance providers while helping consumers find individualized insurance options. The company intends to use the new funding to accelerate growth of its marketplace. Since the funding close it has grown its workforce to over 200 employees, opened a second office in Woburn, MA, and plans to hire another eighty employees by 2018. EverQuote also plans to expand its presence into home and life insurance. The company is led by CEO Seth Birnbaum and was founded in 2011. EverQuote operates an insurance marketplace that uses proprietary technology and data to match, advise and connect insurance shoppers with carriers and agents both online and offline. The company serves many of the largest U.S. underwriters and over 5,000 insurance agencies. Since inception it has grown to 5 million consumer visits per month and has made over 50 million referrals, which the company says result in over $3 billion of premiums for carriers and agents and an estimated $500 million in consumer savings. In 2016 EverQuote launched EverDrive, a free iOS and Android safe driving app to help consumers identify and correct driving habits. The company intends to use the new funds to accelerate sales expansion and product development. EverQuote was founded in 2011 by CEO Seth Birnbaum and is based in Cambridge, MA.