Steadily's Surge: A New Era for Landlord Insurance
April 25, 2025, 3:34 pm
Location: United States, Texas, Austin
Employees: 51-200
Founded date: 2020
Total raised: $93.3M
In the bustling world of insurance, Steadily is making waves. The Austin-based startup recently secured $30 million in Series C funding, pushing its valuation to a remarkable $355 million. This infusion of capital is not just a number; it’s a lifeline for landlords across the United States. With this funding, Steadily aims to enhance its operations and technology, solidifying its position as a leader in landlord insurance.
Founded in 2020, Steadily has quickly carved out a niche in a market often overlooked. The company specializes in providing insurance tailored specifically for real estate investors. Unlike traditional insurers, which often offer generic homeowner policies, Steadily focuses on the unique needs of landlords. This targeted approach has resonated with property owners, leading to impressive growth. The startup boasts over $250 million in annualized gross written premiums, a testament to its effectiveness in addressing a significant gap in the market.
The latest funding round was led by Two Sigma Ventures, a heavyweight in the venture capital arena. Other notable participants included Clocktower Technology Ventures, Belfer Investment Partners, Nine Four Ventures, and Matrix Partners. This diverse group of investors underscores the confidence in Steadily’s business model and growth potential. With a total funding of $89.5 million to date, the company is well-positioned to expand its reach and refine its offerings.
Steadily’s strategy hinges on technology. The company has integrated with over 400 proptech firms, including Roofstock and TurboTenant. These partnerships allow for seamless data sharing, enabling landlords to receive instant insurance quotes with minimal effort. Imagine a world where property owners can secure coverage with just a few clicks. That’s the future Steadily is building.
The company’s flagship product, Steadily Insurance Company, is an A-rated carrier that began writing property and casualty dwelling fire business in late 2024. This move marks a significant milestone, allowing Steadily to control more of the insurance process and enhance customer experience. By offering coverage in all fifty states, Steadily ensures that no landlord is left behind.
Darren Nix, the co-founder and CEO, understands the struggles of landlords firsthand. His journey began eight years ago when he faced challenges securing insurance for his first rental property. This personal experience fueled his passion for creating a solution that simplifies the insurance process for others. Steadily was born from this need, and its growth reflects a deep understanding of the market.
The insurance landscape is changing. Traditional providers often overlook individual landlords, who own 40% of America’s rental units. Steadily fills this void with a product designed specifically for these property owners. The company’s technology-driven approach not only streamlines the purchasing process but also enhances the claims experience. This dual focus on speed and efficiency sets Steadily apart from its competitors.
Investors are taking notice. The backing from Two Sigma Ventures and others signals a strong belief in Steadily’s vision. The firm’s partner, Colin Beirne, emphasizes the importance of addressing the needs of individual landlords. By creating a solution tailored to their unique challenges, Steadily is poised to transform the insurance landscape for millions of property investors.
As the company prepares to deploy its new funds, the focus will be on expanding its technology and improving customer service. The goal is clear: to make insurance accessible and efficient for landlords everywhere. This commitment to innovation is what drives Steadily forward.
In a world where time is money, Steadily’s promise of quick, high-quality insurance is a game changer. The startup’s ability to provide instant quotes and seamless coverage is akin to a breath of fresh air in a stale industry. Landlords can now focus on what they do best—managing their properties—while Steadily handles the complexities of insurance.
The future looks bright for Steadily. With a solid foundation, a clear vision, and the right backing, the company is ready to scale new heights. As it continues to grow, Steadily will likely set new standards in the insurance industry. The journey is just beginning, and the destination is a world where landlords can secure insurance with ease and confidence.
In conclusion, Steadily is not just another insurance provider. It’s a beacon of hope for landlords seeking tailored solutions. With its innovative approach and strong investor support, the company is well on its way to reshaping the insurance landscape. As it expands its operations and refines its technology, Steadily is poised to become a household name in landlord insurance. The future is bright, and the possibilities are endless.
Founded in 2020, Steadily has quickly carved out a niche in a market often overlooked. The company specializes in providing insurance tailored specifically for real estate investors. Unlike traditional insurers, which often offer generic homeowner policies, Steadily focuses on the unique needs of landlords. This targeted approach has resonated with property owners, leading to impressive growth. The startup boasts over $250 million in annualized gross written premiums, a testament to its effectiveness in addressing a significant gap in the market.
The latest funding round was led by Two Sigma Ventures, a heavyweight in the venture capital arena. Other notable participants included Clocktower Technology Ventures, Belfer Investment Partners, Nine Four Ventures, and Matrix Partners. This diverse group of investors underscores the confidence in Steadily’s business model and growth potential. With a total funding of $89.5 million to date, the company is well-positioned to expand its reach and refine its offerings.
Steadily’s strategy hinges on technology. The company has integrated with over 400 proptech firms, including Roofstock and TurboTenant. These partnerships allow for seamless data sharing, enabling landlords to receive instant insurance quotes with minimal effort. Imagine a world where property owners can secure coverage with just a few clicks. That’s the future Steadily is building.
The company’s flagship product, Steadily Insurance Company, is an A-rated carrier that began writing property and casualty dwelling fire business in late 2024. This move marks a significant milestone, allowing Steadily to control more of the insurance process and enhance customer experience. By offering coverage in all fifty states, Steadily ensures that no landlord is left behind.
Darren Nix, the co-founder and CEO, understands the struggles of landlords firsthand. His journey began eight years ago when he faced challenges securing insurance for his first rental property. This personal experience fueled his passion for creating a solution that simplifies the insurance process for others. Steadily was born from this need, and its growth reflects a deep understanding of the market.
The insurance landscape is changing. Traditional providers often overlook individual landlords, who own 40% of America’s rental units. Steadily fills this void with a product designed specifically for these property owners. The company’s technology-driven approach not only streamlines the purchasing process but also enhances the claims experience. This dual focus on speed and efficiency sets Steadily apart from its competitors.
Investors are taking notice. The backing from Two Sigma Ventures and others signals a strong belief in Steadily’s vision. The firm’s partner, Colin Beirne, emphasizes the importance of addressing the needs of individual landlords. By creating a solution tailored to their unique challenges, Steadily is poised to transform the insurance landscape for millions of property investors.
As the company prepares to deploy its new funds, the focus will be on expanding its technology and improving customer service. The goal is clear: to make insurance accessible and efficient for landlords everywhere. This commitment to innovation is what drives Steadily forward.
In a world where time is money, Steadily’s promise of quick, high-quality insurance is a game changer. The startup’s ability to provide instant quotes and seamless coverage is akin to a breath of fresh air in a stale industry. Landlords can now focus on what they do best—managing their properties—while Steadily handles the complexities of insurance.
The future looks bright for Steadily. With a solid foundation, a clear vision, and the right backing, the company is ready to scale new heights. As it continues to grow, Steadily will likely set new standards in the insurance industry. The journey is just beginning, and the destination is a world where landlords can secure insurance with ease and confidence.
In conclusion, Steadily is not just another insurance provider. It’s a beacon of hope for landlords seeking tailored solutions. With its innovative approach and strong investor support, the company is well on its way to reshaping the insurance landscape. As it expands its operations and refines its technology, Steadily is poised to become a household name in landlord insurance. The future is bright, and the possibilities are endless.