Covr Financial raises $15 million
Covr Financial Technologies closed a $15 million Series B round with participation from Aflac Ventures, Allianz Life Ventures, and others, bringing its total funding to $53 million.
Founded in 2016, Covr partners with financial institutions, banks, and wealth management firms in the US to offer its embedded insurance platform that has both an advisor-facing and DTC platform on the same technology stack.
“We saw great success with this round of fundraising, and adding Stone Point Ventures to our list of investors is very exciting. This fund raise will allow Covr to continue to grow and lead the way in digital insurance solutions that make the process simpler and more engaging for advisors and consumers.” – Michael Kalen, Covr CEO.