CoverGo, a New York and Singapore-based leading global enterprise no-code SAAS insurance platform, announced that it secured $15 million in Series A funding.
The round was led by California-based SemperVirens VC, with participation from US venture capital firms SixThirty, Tribeca Early-Stage Partners, and Fresco Capital.
Strategic investors include pan-African insurance group Old Mutual, Asia-based insurance group Asia Financial Holdings, US-based XN Worldwide Insurance (part of the Henner Group), and the Middle East and African insurance fund Noria Capital. Existing insurtech investors also participated in the oversubscribed round.
The new investment will help accelerate CoverGo's international expansion, develop its partner network with consulting companies and grow the sales and engineering teams in the US and Asia-Pacific to meet the increasing demand for the CoverGo platform
Company: CoverGo Limited
Raised: $15.0M
Round: Series A
Funding Month: May 2022
Lead Investors: SemperVirens VC
Additional Investors: SixThirty, Tribeca Early-Stage Partners and Fresco Capital, Old Mutual, Asia Financial Holdings, and Noria Capital
Company Website: https://covergo.com/
Software Category: No-code SAAS insurance platform
About the Company: CoverGo has developed the insurance industry's first out-of-the-box, modular, no-code insurance platform powered by over 500 open insurance APIs enabling insurance companies to transform digitally in the most flexible, scalable, and cost-effective way. P&C, health, and life insurance companies use CoverGo to build and launch all types of insurance products within days, develop omnichannel distribution, streamline policy admin and automate claims processes.
Source: https://www.prnewswire.com/news-releases/covergo-raises-15-million-series-a-to-expand-global-adoption-of-the-leading-no-code-insurance-platform-301543268.html