Landlord insurance company Steadily has reeled in $27.2m from a capital raise led by Matrix Partners and Zigg Capital.
Also taking part in the financing raise were Vesta Ventures, Nine Four Ventures, Next Coast Ventures and Peak State Ventures. The company previously raised $3.8m in a funding round last year.
Launched in 2020, Steadily serves individual rental property owners who own the vast majority of single family and small apartment rental across the US. After beginning life as a retail agency, the firm now provides options for all property types.
Steadily founder and president Darren Nix said, “Steadily was created to offer landlords insurance that works like the other modern tools that they love. As landlords ourselves, we understand the unique needs of rental property owners and real estate investors. That’s why we built digital self-serve and deliver an exceptional customer experience at every touchpoint. Customers love what we’ve built and our growth has validated that the market demand is huge. The additional investment will let Steadily scale quickly to meet growing consumer demand.”
Zigg Capital partner Dave Eisenberg added, “We are seeing the widespread technological disruption of traditional industries, from banking, to insurance, hospitality and beyond. When it comes to real estate, however, the category has been slower to evolve. Modern consumers are demanding better user experiences and Steadily delivers here with an intuitive and thoughtfully designed insurance offering. With multiple smart integrations, Steadily enables landlords to thrive in today’s emerging digital real estate ecosystem.”
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