American landlord insurance company Steadily has secured new investment in a round co-led by Matrix Partners and Zigg Capital.

Vesta Ventures and existing investors Peak State Ventures, Nine Four Ventures, and Next Coast Ventures also joined the round.

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The latest investment brings Steadily’s total funding to $31m, adding to the $3.8m round it announced in October 2020.

Steadily’s digital platform allows landlords to get insurance quotes online in all 50 states of the US. The platform offers bespoke coverage for all property types.

Steadily founder and president Darren Nix said: “As landlords ourselves, we understand the unique needs of rental property owners and real estate investors. That’s why we built the digital self-serve and deliver an exceptional customer experience at every touch-point.”

Steadily will use the proceeds to expand its mobile-first experience by adding embedded IoT devices to prevent property damage, scale business operations and use data analytics for faster claims processing.

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Matrix Partners partner Jake Jolis said: “Steadily has proven itself as a leader in the space by pairing exceptional tech with a customer-centric approach. The team is constantly iterating to best itself while fulfilling an unmet need in the market. Steadily is challenging and changing the insurance landscape for rental property owners.”

Zigg Capital partner Dave Eisenberg said: “Modern consumers are demanding better user experiences and Steadily delivers here with an intuitive and thoughtfully designed insurance offering. With multiple smart integrations, Steadily enables landlords to thrive in today’s emerging digital real estate ecosystem.”