Earlier this month, we incorrectly reported that CoverHound raised $8.1 million, citing the San Francisco Business Times. Below is the corrected report.
Insurance comparison tool, CoverHound recently raised $4.5 million in Series A funding. The round was led by RRE Ventures of New York. Bullpen Capital and existing investor Blumberg Capital also participated.
This funding, combined with the $750,000 in seed money raised from Blumberg Capital in 2011, brings the San Francisco-based startup’s total funding to $5.25 million.
With this release, CoverHound also disclosed that it is now manages $1 million worth of premiums.
To learn more about CoverHound, watch its FinovateSpring 2012 demo.