Idaho-Based Covr Raises $5M to Simplify Insurance Buying Process

Covr Financial Technologies, a digital personal insurance platform, announced that it has raised $5 million from Nyca Partners, Commerce Ventures, Connectivity Capital Partners and Contour Venture Partners. The startup, established in 2013, offers a platform to allow personal insurance shoppers to purchase coverage online, while providing relevant education and training on products. The platform is distributed via financial institutions and their financial advisors. “Covr’s competitive edge is its ability to call upon outstanding executives from the ranks of insurance, technology, marketing and financial industries to serve its clients and grow its business” -Covr CEO Bill Benjamin. PS. The company was formerly known as 1ClickCoverage.

Recall 2017 insurance-related investments here.