Steadily, a landlord-focused InsurTech based in the United States, has raised $30m in a Series C funding round as it looks to accelerate its national expansion and enhance its technology platform.
The investment round was led by Two Sigma Ventures and brings the company’s valuation to $355m. Other participants in the round included Clocktower Technology Ventures, Belfer Investment Partners, Nine Four Ventures, and Matrix Partners.
Founded in 2020, Steadily is a digital insurance provider tailored specifically to the needs of the 18 million individual rental property owners across the US. The company has quickly gained popularity for offering fast, affordable landlord insurance to real estate investors and now reports over $250m in annualised gross written premium.
The fresh capital will be used to enhance Steadily’s service speed and claims processes, further invest in technology, and deepen integrations with property technology platforms.
A key driver of growth for the company has been its PropTech integrations, with more than 400 platforms connected to date—including Roofstock, TurboTenant, FurnishedFinder, and BiggerPockets. These integrations allow users to generate insurance estimates without manual data input, streamlining the experience for landlords.
Steadily CEO and co-founder Darren Nix said, “The idea for Steadily was planted eight years ago when I had a comically difficult time getting insurance for my first rental property.
“After Steadily launched, I became its first customer. That made it easy for us to empathize with our customers, because we are them. We’ve invested tens of millions in tech so someone can come to Steadily and purchase high-quality insurance in seconds. This latest round lets us push the envelope of how speedy our service and claims can be.”
Two Sigma Ventures partner Colin Beirne said, “Despite owning 40% of America’s rental units, individual landlords have been dramatically underserved by the insurance industry.
“Steadily created a solution specifically designed for rental property owners, not just retrofitted homeowner policies. As landlords themselves, they understood the pain points firsthand and built technology that simplifies the entire process. Their impressive growth confirms they’re addressing a significant need in the market. We’re thrilled to back Darren and the Steadily team as they continue to transform insurance for America’s millions of property investors.”
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