US-based landlord insurance provider Steadily has secured $30m in a Series C funding round, valuing the company at $355m. 

The funding was led by Two Sigma Ventures, with contributions from Zigg Capital, Clocktower Technology Ventures, Belfer Investment Partners, Nine Four Ventures and Matrix Partners. 

Two Sigma Ventures partner Colin Beirne said: “Steadily created a solution specifically designed for rental property owners, not just retrofitted homeowner policies. Their impressive growth confirms they are addressing a significant need in the market. We are thrilled to back Darren and the Steadily team as they continue to transform insurance for America’s millions of property investors.”  

This investment brings Steadily’s total funding to $89.5m. In 2023, it raised $28.5m in a Series B round. 

The company, launched in 2020, has reported more than $250m in annualised gross written premium, offering insurance solutions targeted at real estate investors. 

Steadily’s customer base includes 18 million individual rental property owners in the US, who own many single-family rental properties. 

The company’s growth has been partly due to its proptech integrations, which have reached more than 400 companies such as Roofstock, TurboTenant, FurnishedFinder and BiggerPockets, the company release stated.  

These integrations facilitate the automatic ingestion of property data, enabling users to receive instant insurance cost estimates without manual input. 

Steadily co-founder and CEO Darren Nix stated: “After Steadily launched, I became its first customer.  That made it easy for us to empathise with our customers, because we are them.  We have 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.” 

The company’s programmes includes the Steadily Insurance Company, five managing general agent programmes and an insurance agency.  

Steadily operates nationwide, serving policyholders in all 50 US states. It maintains dual headquarters in Austin, Texas, and Overland Park, Kansas.