Overview

Steadily provides landlord insurance to property owners across the United States. Their insurance policies cover a variety of risks, including property damage from fires, leaks, storms, and vandalism, as well as liability protection for injuries that occur on the property. Steadily distinguishes itself from competitors by offering comprehensive coverage options at competitive rates, with no hidden cancellation fees, and the ability to purchase policies quickly online. The company's goal is to protect landlords from the various risks associated with property ownership, ensuring they have the coverage they need to manage their investments effectively.

Simplify's Take

What believers are saying

• Steadily raised $28.5M in Series B funding to scale its offerings.
• Integration with AI-driven tools can improve underwriting accuracy and customer satisfaction.
• The rise of short-term rentals expands the market for Steadily's insurance products.

What critics are saying

• Increased competition from insurtech startups like Latchel could impact market share.
• Challenges in integrating with platforms like BNB Calc may affect service delivery.
• Reliance on partnerships like Guesty may not yield expected customer acquisition results.

What makes Steadily unique

• Steadily offers comprehensive landlord insurance with quick coverage and no hidden fees.
• The company integrates with platforms like Guesty for enhanced property management solutions.
• Steadily provides specialized coverage for natural disasters, vandalism, and civil commotion.

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Funding

Total Funding

$58.5M

Meets

Industry Average

Funded Over

3 Rounds

Notable Investors:

SV Angel

Notable Investors:

SV Angel

$28,500,000

Series B

Jul 2023

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$28.5M

$30M

$45M

$65M

$100M

View all funding stages