Product Reports Resources Pricing Login Book a demo

Trov

Fintech · San Ramon, United States · Founded 2012

The world's first on-demand insurance platform for the things you own MoreLess

Established in 2012 by serial entrepreneur Scott Walchek, Trov emerged as a significant player in the insurance technology sector, ultimately being acquired by the leading global insurance company, Travelers, in 2022. Initially, the company gained attention with a mobile application that allowed users to insure single items for specific durations, a concept known as on-demand insurance. This early iteration focused on consumer-facing micro-duration policies for electronics and other personal belongings, which could be activated with a simple swipe on a smartphone.

Over time, Trov's business strategy pivoted from a direct-to-consumer model towards an enterprise-focused, white-label solution. The company developed a sophisticated technology platform for embedded insurance, enabling other businesses to integrate insurance products seamlessly into their own digital customer experiences. This platform catered to financial institutions, insurance incumbents, and companies in emerging mobility sectors, providing the end-to-end technology, carrier partnerships, and professional services required for digital insurance distribution. Its client roster included prominent names like Lloyds Banking Group in the UK, Suncorp in Australia, and mobility giants such as Waymo.

The founder, Scott Walchek, brought extensive experience from his previous ventures in media, technology, and branding to the creation of Trov. Before its acquisition, the company had successfully raised over $114 million from various venture capitalists and strategic partners, establishing offices in the San Francisco Bay Area, New York, and London. Following the acquisition by Travelers, the Trov team and its intellectual property were integrated into the insurer's Personal Insurance segment, continuing their work on developing technology to simplify the insurance process for customers, agents, and partners.

Keywords: embedded insurance, insurtech, on-demand insurance, mobility insurance, digital distribution, insurance platform, usage-based insurance, micro-insurance, enterprise software, FinTech

Valuation $100–500M
Revenue $1–10M
Headcount <100
Total funding $50–100M
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Trov and the history behind them.

Company overview

Trov company information

The essential company record, classifications and operating signals in one place.

Status
Acquired
Founded
2012
Headquarters
San Ramon, United States
Employees
11
Open positions
None listed
Dealroom signal
63.3
sub industryInsurancebusiness modelSaaSindustryFintechsectorConsumer ElectronicssectorEmbedded InsurancesectorPandC InsurancesectorMGAsectorEmbedded Financeclient focusb2bclient focusb2c

Valuation & funding

Trov funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Feb 2022 $0 Travelers
DEBTDebt Mar 2020 $1.4M Anthemis Group · Oak HC/FT · Munich Re Ventures
SERIES DOther financing Apr 2017 $45M $180M Anthemis Group · Sompo Japan Nipponkoa Insurance · Oak HC/FT · Munich Re Automation Solutions
SERIES COther financing Mar 2016 $26M $102M Anthemis Group · Guidewire Group · Oak HC/FT · CNF Investments LLC
CONVERTIBLEOther financing Jun 2015 $7.5M Undisclosed
SERIES BOther financing Feb 2015 Anthemis Group · Pivot Investment Partners
SERIES BOther financing Jul 2013 Undisclosed
SERIES AOther financing Jul 2012 Undisclosed
Showing 8 recorded eventsUnlock the complete deal history →

Financials

Revenue and workforce over time

Available revenue and workforce history. Fields without reported data are omitted.

YearRevenueGrowthEmployees
2026 $3M 0% 11
2025 $3M 0% 11
2024 $3M 0% 41
2023 $3M 0% 41
2022 $3M 0% 41
2021 $3M 0% 47
2020 $3M 63
Company filings, research estimates and Dealroom dataOpen the full financial model →

Growth signals

Trov website traffic

Latest recorded traffic for Trov is 260 monthly website visits, down 76.4% over the last three months. Trov's team grew 0% over the past year.

Latest monthly visits260 3-month web change-76.4% 1-year team growth0%
Monthly website visits96 observations · Feb 2016–Jun 2024
Hover or focus a point to see its exact monthly valueCompare with peers →

Comparisons

Trov compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

Trov's talent

Book a demo to see the people
Team profiled 27 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

9 investors on Trov's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Series A 2 investors entered at this stage
Anthemis Group
Pivot Investment Partners
Series B+ 6 investors entered at this stage
Oak HC/FT
Guidewire Group
CNF Investments LLC
Munich Re Automation Solutions
Munich Re Ventures
Sompo Japan Nipponkoa Insurance
Other known 1 additional known investor
Travelers

Global footprint

Where Trov has talent and traffic

Workforce by country
🇺🇸 United States · San Ramon HQ
Book a demo for the full country breakdown

In the news

Latest news about Trov

Recent press, funding announcements, and product moves mentioning Trov — open to read from the original sources.

See all news

Market sentiment

What the market is saying about Trov

An AI-synthesized read of the highest-engagement posts about Trov on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Trov’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.