Texas-Based Insurtech Steadily Secures $30M Series C Round

Steadily, a provider of landlord insurance in the U.S., announced $30 million in Series C funding led by Two Sigma Ventures at a $355 million valuation.

Steadily serves 18 million individual rental property owners who collectively own the majority of single-family rentals in the U.S.

The new investment was led by Two Sigma Ventures with participation from Zigg Capital, Clocktower Technology Ventures, Belfer Investment Partners, Nine Four Ventures, and Matrix Partners. The latest round brings Steadily’s total funding to $89.5M, following its $28.5M Series B in 2023.

Steadily launched in 2020 and is based in Austin, Texas. The company is backed by investors including Zigg Capital, Matrix Partners, Koch Ventures, Clocktower Technology Ventures, Nine Four Ventures, Belfer Investment Partners, Peak State Ventures, Vesta Ventures, and SV Angel.

Steadily has reported over $250 million in annualized gross written premium.

One of Steadily’s fastest growth engines is proptech integrations. Steadily has integrated more than 400 companies including Roofstock, TurboTenant, FurnishedFinder, and BiggerPockets. The integrations ingest property data automatically so users can see estimates of what insurance would cost for a property with zero clicks.

Steadily serves policyholders in all fifty states. Steadily’s programs include Steadily Insurance Company, an A-rated insurance carrier, five MGA programs, and a large insurance agency.

Source: Steadily