EverQuote, a Cambridge-based online auto insurance marketplace, filed for a $75 million initial public offering this week.
Founded in 2008, the company has booked an impressive $135 million in sales for the past year, while raising just $37.6 million in funding.
EverQuote matches insurers with customers who fit the right risk profile. The company works with carriers like All State, Liberty Mutual and Progressive. It also provides consumers with free auto insurance quotes so they can immediately find the lowest rate available.
In October 2016, EverQuote announced that it had raised $23 million Series B funding in a pre-IPO strategy.
Prior to that round of funding, EverQuote had already reached $100 million in annual revenue and profitability with just $3 million in funding. The company also showed a rapid three-year growth rate of 208 percent.
No pricing terms of the IPO were disclosed.
