Qover Raises $30 Million in Series C

by Kay Aloha Villamor in July 6th, 2023

Qover, a Bruxelles, Belgium-based insurtech specializing in embedded insurance orchestration, has successfully raised $30 million in a Series C up-round funding.

The funding round saw participation from a diverse group of investors, including Alven, Anthemis, Kreos Capital, and Zurich Global Ventures.

The investment will be instrumental in driving the company's growth trajectory and furthering its mission to create a global safety net that protects everyone, everywhere.

Qover aims to continue orchestrating innovative insurance solutions, establishing successful partnerships, and moving closer to achieving profitability. The funding will support Qover's expansion efforts, facilitate technology development, and foster strategic partnerships.

“We are thrilled to announce the completion of our Series C funding round, which brings us one step closer to achieving our growth and profitability goals,” said Quentin Colmant, CEO & Co-founder of Qover. “Our commitment to transforming insurance experiences has been unwavering. Our ability to navigate and quickly adapt to the changing tech landscape has been instrumental in attracting top-tier clients and investors. We are incredibly proud of what our team has accomplished. With their resilience as our driving force, we’re excited about the opportunities that lie ahead as we continue to push boundaries and shape the future of insurance.”

Qover's platform seamlessly integrates with insurers and brokers, allowing for valuable collaborations with key brands. Prominent companies such as Revolut, Qonto, Monzo, ING, Monese, Fisker, Nio, Volta Trucks, Niu, Lucid, and many others have chosen Qover as their embedded insurance orchestration platform.

Company: Qover SA

Raised: $30.0M

Round: Series C

Funding Month: July 2023

Lead Investors: 

Additional Investors: Alven, Anthemis, Kreos Capital, and Zurich Global Ventures

Company Website: https://www.qover.com/

Software Category: Embedded Insurance Orchestration Platform

About the Company:  Founded in 2016 by Quentin Colmant and Jean-Charles Velge, Qover is an insurance platform designed to build insurance products to help fast-growing digital companies. Qover has developed embedded insurance orchestration providing seamless digital insurance experiences. The company's embedded insurance orchestration enables any company to harness the power of technology to embed insurance as a native component of or add-on to their core product or service. Qover aims to create a global safety net with insurance, empowering people to live life to the fullest.

Source:  https://www.qover.com/press/insurtech-qover-series-c-funding-round

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