News Summary
Steadily, a landlord insurance startup based in Overland Park, Kansas, has announced the successful completion of a $30 million Series C funding round, led by Two Sigma Ventures. This funding will allow the company to expand its workforce and enhance their services tailored to the unique needs of rental property owners. Founded in 2020, Steadily aims to simplify the landlord insurance process and improve the user experience for more than 18 million rental property owners in the U.S.
Steadily Lands $30 Million Boost to Revolutionize Landlord Insurance
Overland Park, Kansas – On April 23, 2025, Steadily, an innovative landlord insurance startup, announced a significant milestone by securing $30 million in a Series C funding round. This financial injection, led by Two Sigma Ventures, marks a notable expansion in investment, signaling confidence in the company’s mission to streamline landlord insurance and enhance the experience for rental property owners.
Founded in 2020 by experts Datha Santomieri, Darren Nix, and David Tulig, Steadily has rapidly garnered attention for its focus on the specific needs of landlords, a group that has historically been overlooked in the insurance sector. With headquarters in both Overland Park, Kansas, and Austin, Texas, the company serves an extensive market of over 18 million individual rental property owners in the U.S.
Valuation and New Hires
The latest funding round not only brings Steadily’s total funding to nearly $89.5 million; it also values the company at a whopping $355 million. The newly acquired funds will allow Steadily to significantly expand its workforce, planning to add up to 100 new employees across several key departments, including engineering, insurance products, and agency success teams.
This growth will come at a crucial time, as Steadily has recently stepped into a new, spacious 17,000-square-foot office in the Corporate Woods area of Overland Park. With teams split between Austin and Kansas City, the rear-guard of engineering sits in the tech hub of Austin, while the deep expertise in insurance product and agency success thrives in Kansas.
Changing the Game for Landlords
Steadily’s approach is futuristic, having invested tens of millions of dollars into cutting-edge technology that enables users to purchase insurance within seconds. This quick turnaround is a game-changer for rental property owners who often find themselves overwhelmed by the complexities of traditional homeowners’ insurance policies.
By focusing on the unique challenges faced by landlords, Steadily aims to offer solutions that go beyond typical insurance offerings. Individual landlords actually own about 40% of America’s rental units but previously had limited options when it came to specialized insurance. Steadily is changing that narrative, providing tailored coverage that meets the specific needs of modern property owners.
A Growing Presence in the Market
As proof of their success, Steadily is processing over $250 million in annualized gross written premiums, indicating that its services have been embraced by landlords nationwide. Furthermore, the company has integrated its services with over 400 proptech companies, adding automation to data entry processes for insurance quotes, enhancing efficiency and user experience.
The founders’ firsthand challenges in acquiring suitable rental property insurance have fueled the company’s mission to simplify the insurance process. With the new funding, Steadily is poised to drastically improve service speed and claims processing, continuing its trajectory as a preferred solution for modern landlords.
The Road Ahead
The influx of capital is an exciting chapter for Steadily as it continues to establish itself as a leader in the insurance market for landlords. By focusing on its greatest asset—its team—Steadily forges ahead with a vision deeply rooted in enhancing the user experience for rental property owners.
As the company expands its operations and workforce, rental property owners can expect even more innovative solutions that cater to their unique landscape. All eyes will be on Steadily as it embarks on this promising journey of growth and innovation.
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Additional Resources
- Startland News
- Access Newswire
- Forbes
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- Wikipedia: Insurance
- Google Search: Landlord Insurance
- Google Scholar: Landlord Insurance
- Encyclopedia Britannica: Landlord Insurance
- Google News: Landlord Insurance
