Steadily Secures $30M Series C for Rapid Growth in Landlord Insurance Market

Steadily, a leading provider of landlord insurance in the U.S., announced $30 million in Series C funding led by Two Sigma Ventures at a $355 million valuation, bringing it’s total funding to $89.5M.

Steadily serves the 18 million individual rental property owners who collectively own the overwhelming majority of single-family rentals in the U.S. One of Steadily’s fastest growth engines is proptech integrations. The integrations ingest property data automatically so users can see estimates of what insurance would cost for a property with zero clicks.

“The idea for Steadily was planted eight years ago when I had a comically difficult time getting insurance for my first rental property,” said Darren Nix, Co-Founder and CEO of Steadily. “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.”

“Despite owning 40% of America’s rental units, individual landlords have been dramatically underserved by the insurance industry,” said Colin Beirne, Partner at Two Sigma Ventures. “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.”

Since launching in 2020, it has rapidly gained traction as a fast, affordable insurance provider for real estate investors. With over $250 million in annualized gross written premium, Steadily has demonstrably become the solution of choice for modern landlords.

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