District Cover

District Cover is an innovative insurtech startup founded in 2022 and headquartered in Nashville, Tennessee, with a mission to democratize insurance access for small businesses in urban cores across America. Operating as a public benefit corporation, District Cover addresses a critical gap in the commercial insurance market: businesses located in high-crime and economically distressed neighborhoods often face prohibitive insurance costs or complete inability to secure coverage from traditional carriers. The company takes a neighborhood-by-neighborhood, data-driven approach to understanding the true risk profiles of city-based businesses, moving beyond crude ZIP code-level assessments that have historically disadvantaged urban entrepreneurs.

District Cover's technology platform leverages granular data analytics and a flexible underwriting model to create tailored commercial property and general liability insurance packages. By building new models specifically designed to identify, underwrite, and price city-based risk more accurately, the company can offer sustainable insurance solutions where traditional insurers see only elevated risk. This approach has resonated strongly with the market: in just its first year of operation, District Cover expanded beyond its initial New York market into the Southeast and received over 10,000 insurance applications.

The company has raised $13.35 million in total funding, most recently closing a $6 million round in November 2025 that nearly doubled its valuation to $26 million. With backing from prominent investors including Andreessen Horowitz, IA Capital, AmWINS, and Impact America Fund, District Cover is positioned to scale its mission of providing profitable, long-term insurance partnerships to brokers, clients, and communities that have been underserved by the traditional insurance industry. The company currently employs 20 people and projects $5 million in gross ARR for 2025, with plans to reach profitability by 2027.