Insurtech firm CoverGo raises $15 million in Series A funding

Insurtech firm CoverGo raises $15 million in Series A funding
Photo by Julien de Salaberry / Unsplash

CoverGo, an insurance technology firm based in Singapore has raised $15 million in its Series A funding round to expand into the international markets, partner with consulting firms and scale its sales and revenue.

  • The insurtech company said it 10xed its revenue since January 2021 by offering automatable insurance product launching and distribution for P&C, life and health insurance companies.
  • The firm is breaking the customary IT methodology for insurance operations with its no-code insurance platform.
  • The funding round was led by SemperVirens Venture Capital based in California with participation from SixThirty, Tribeca Early Stage Partners, and Fresco Capital based in the US.