Covu raises $16 million

COVU , “the AI-native operating system for insurance,” has raised $16 million in new capital, including equity and growth financing. This brings the company’s total funding to around $50 million to date.

COVU offers agencies a range of products and services such as CRM, marketing tools, licensed support, and access to carriers.

The funding will accelerate platform development, expand operational infrastructure, and offer independent agency partners more options: “whether they want to scale their operations or step away through a structured, supported transition.” COVU has completed seven agency acquisitions to date.

“We’re not here to sell software. We’re building the infrastructure that powers the future of insurance. Our goal is to help agencies operate with more intelligence, more efficiency, and more care, while preserving the advisor relationship that customers trust.” – Ali Safavi, CEO of COVU.

Bottom Line: Not an equal balance.