How It All Started
CEO Basil Enan was an executive at InsWeb, where he sold leads to CMO Rory Joyce, then at Kemper Insurance. They agreed that selling leads was
doing customers a disservice, and that the insurance market should be
open to price comparison.
Basil left InsWeb and founded CoverHound in May of 2010. He met CTO Joel Hayhurst, who had engineered a lead system for Affinity Labs, and similarly wanted to challenge the model. Together they got an office and built the first prototype, and not long later Rory formally joined them.
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CoverHound is invited to join AngelPad, the startup incubator founded by seven Google alumni.
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The CoverHound team moves to a loft-style office at 300 Brannan St., San Francisco, CA.
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Blumberg Capital invests
$750,000 in the company. -
CoverHound Insurance Solutions opens outside LA.
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CoverHound sells its first insurance policy, saving
a very happy customer more than $800.
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CoverHound’s platform
launches nationwide. -
Source Interlink Media becomes a strategic partner and investor.
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Finovate invites CoverHound to demo its Insurance Storefront for financial institutions.
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The SF team moves to a bigger office on 2nd Street.
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CoverHound expands product offerings to include renters insurance.
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RRE Ventures leads CoverHound Series A totaling $4.5M.