Two Sigma Ventures Leads $30M Series C of Steadily

Gunderson Dettmer represented client Two Sigma Ventures as the lead investor in the $30 million Series C financing of Steadily, a provider of landlord insurance in the United States. Steadily is a fast-growing, tech-enabled insurance provider catering to the 18 million individual rental property owners in the U.S., offering affordable, streamlined coverage for single-family real estate investors. The new financing will enable Steadily to fuel its growth in the landlord insurance market.

In the announcement of the transaction, 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.” 

The Gunderson deal team was led by Hozefa Botee and included Aliya Sanders, Rafa Bellaver and Christina Chen.

Companies
Two Sigma Ventures
Steadily