Startup profile for Recoop Disaster Insurance: what they do, why they are interesting, stage (series a), industries, and links to our funding articles. Part of the Venture Capital Tracker startup directory.
Venture Capital Tracker Logo
Venture Capital Tracker

Startup profile · funding coverage

Recoop Disaster Insurance startup funding profile

Multi-peril disaster insurance paying lump-sum cash after hurricanes, wildfires, tornadoes, and other declared disasters.

Stage

series a

Status

private

Coverage

full

Overview

Recoop Disaster Insurance (Recoop®) sells supplemental multi-peril disaster coverage that pays lump-sum cash after qualifying natural disasters when homeowners or renters already carry base property insurance. Headquartered in West Des Moines, Iowa (5465 Mills Civic Parkway), the company positions itself as the nation's only multi-peril disaster insurer offering fast cash without typical claims friction. Available in 47 states and DC as of late 2025 per company announcements.

Why Recoop Disaster Insurance is interesting

West Des Moines insurtech filling homeowner/renter policy gaps with fast lump-sum payouts (up to $25k) — a concrete Iowa insurance-corridor product with $6.42M raised (May 2025 per PitchBook) and nationwide state filings momentum.

Product & use cases

Supplemental disaster insurance paying lump-sum cash (up to $25,000) after declared disasters when base homeowners/renters policies leave coverage gaps.

  • Homeowners needing fast cash after declared disasters
  • Employer benefits programs offering supplemental disaster coverage
  • Renters closing deductible and living-expense gaps post-disaster

Key facts

  • HQ West Des Moines, IA — multi-peril disaster insurance
  • Later-stage VC round $6.42M (May 2025, PitchBook)
  • Greg Bailey named CEO and Charlie Turri CTO (Oct 2025)
  • Covers hurricane, wildfire, tornado, earthquake, winter storm, and other perils

Fundraising history

Later Stage VC

2025-05 $6.42M

Source: https://pitchbook.com/profiles/company/491567-14

Competitive landscape

Edge: Multi-peril supplemental product with simplified payout mechanics versus filing complex primary-policy claims alone.

  • Traditional homeowners insurers adjacent

    Primary policies Recoop supplements rather than replaces.

  • Parametric insurtech products direct

    Other catastrophe and parametric coverage startups.

Industries

Fintech

Related funding articles

Venture Capital Tracker pieces that cover Recoop Disaster Insurance's financing or category context.

FAQs about Recoop Disaster Insurance

Practical answers founders, operators, and investors typically search for.

Sells supplemental multi-peril disaster insurance that pays lump-sum cash after qualifying natural disasters.
West Des Moines, Iowa (5465 Mills Civic Parkway, Suite 400B).
PitchBook lists $6.42M total funding with a May 2025 later-stage VC round.
Hurricane (with storm surge), wildfire, tornado, earthquake, gas explosion, winter storm, and dust storm per company materials.
No. Customers must carry existing homeowners or renters insurance; Recoop covers supplemental gaps with lump-sum cash payouts.
Verified West Des Moines HQ in Iowa's insurance corridor — a live insurtech product, not a coastal re-home.
Website All startups Funding news

Last updated: 2026-07-29