District Cover Secures $6 Million in Funding to Expand Access to Insurance for Urban Businesses

District Cover, a tech-enabled insurance agency making insurance more accessible for businesses in America’s urban centers, announced the close of a $6M funding round. The investment will fuel District Cover’s growth in team, product development, platform enhancements, strategic initiatives, and city partnerships that advance its mission of bringing broad, affordable coverage to underserved business communities. 

The round was led by IA Capital, a leading financial services and insurance technology investor with strong support from existing District Cover partners, including Mosaic and Impact America Fund, both of which increased their commitments significantly. Previous investors, a16z, Amwins, Liquid2, and Vantage Risk, District Cover’s primary capacity provider, also participated. 

“Our mission is to ensure that every business, especially those in overlooked city neighborhoods, has access to the coverage they need to thrive,” said Patrick Girouard, CEO of District Cover. “This round demonstrates the confidence our investors have in our approach and provides the resources we need to scale our technology, expand our products, and support the brokers and businesses we serve.” 

Product and Platform Expansion on the Horizon 

This new funding is fueling District Cover’s next wave of innovation, with upcoming product and platform enhancements designed to give brokers and businesses more flexibility and choice. Among the initiatives in the works: 

• Higher TIV Limits: Expanded coverage capacity up to $10 million to better serve building owners, buildings with multiple locations, and growing businesses. 
• Platform Enhancements: New quoting and underwriting functionality that improves broker experience and efficiency. 
• Property-Only Offering: A flexible coverage option for landlords, LRO exposures, and city businesses that leverages District Cover’s leading property underwriting insights. 

Building on Momentum 

District Cover is scaling rapidly following a successful launch in New York. In just one year, the company has partnered with distribution teams nationwide, expanded its reach into the Southeast, received over 10,000 applications, and doubled the size of its team. 

“This is more than just funding—it’s a vote of confidence in the belief that urban businesses in every neighborhood deserve tailored, reliable insurance solutions,” said Matt Perlman, Partner at IA Capital.