T
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
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
Valuation & funding
Trov funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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 | — |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 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 |
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.
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.
Talent graph
Trov's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Trov has talent and traffic
In the news
Latest news about Trov
Recent press, funding announcements, and product moves mentioning Trov — open to read from the original sources.
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
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