Cover Genius Raises $80M for Growth, Technology, and Global Expansion

Cover Genius Raises $80M in Series E Funding

Key Highlights:

• Series E Funding: Cover Genius, an insurtech company specializing in embedded protection, raised $80 million in Series E funding.
• Investors: The round was led by Spark Capital, with participation from existing investors Dawn Capital, King River Capital, and G Squared.
• Growth and Technology Investment: The funding will be used to accelerate growth plans, invest in technology, and enhance digital insurance distribution solutions.

Cover Genius's Target Market

• Target Market: Digital companies and their customers seeking embedded insurance and protection solutions.
• Global Reach: Licensed or authorized in over 60 countries and all 50 US states, Cover Genius offers its services worldwide.
• Partnerships with Leading Brands: Collaborations with well-known brands like Uber, Ryanair, and eBay to provide customer-centric protection solutions.

What Cover Genius Needs to Buy

• Technology Development: Investments in AI claims handling and improved digital insurance distribution solutions.
• Partnerships and Collaborations: Expanding partnerships with digital companies and brands to embed insurance and protection solutions.
• Market Expansion: Expanding into new markets and reaching more customers globally.