District Cover, a tech-enabled insurance agency focused on improving access to insurance for urban businesses across the US, has secured $6m in new funding.
The fresh capital will support growth across product development, platform upgrades, team expansion and new city partnerships, all aimed at widening affordable cover for underserved business communities.
IA Capital served as the lead investor, with commitments also coming from Mosaic and Impact America Fund.
District Cover provides brokers with a digital platform built to simplify underwriting and application workflows. The company plans to use the new investment to deliver a series of enhancements, including expanded TIV limits, upgraded quoting tools and a new property-only product for landlords, LRO exposures and a broad range of urban operations.
The company has experienced rapid momentum following its New York launch. Over the past year, it has expanded into the Southeast, partnered with national distribution teams, received more than 10,000 applications and doubled its workforce.
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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