Series E investment of $80 million was received by Cover Genius, an integrated protection insurtech firm situated in New York City.
Investors
- Dawn Capital
- King River Capital
- G Squared
- Spark Capital
Use of funds
The money will be used by the firm to accelerate its expansion objectives and make further technological investments, including as bettering digital insurance distribution solutions, implementing AI claims handling, and growing the range of protection options offered on the platform.
The platform gives partners the ability to offer a broad range of insurance and other forms of protection across different market segments by utilizing AI and data-driven insights. Cover Genius provides both packaged and stand-alone solutions with an emphasis on personalization.
About Cover Genius
Cover Genius, led by CEO Angus McDonald, uses its distribution platform, XCover, to safeguard end-to-end experiences for consumers of digital businesses. The insurtech, which has licenses or authorization in all 50 US states as well as more than 60 countries, enables partners to embed and sell several insurance lines as well as other forms of protection.
“Our collaborations with well-known brands, including Uber, Ryanair, and eBay, demonstrate our unique ability to create customer-centric protection solutions backed by technology, policy innovation, and industry expertise.”
Angus McDonald
