, Hong Kong

CoverGo raises $15m in new funding round

The round was led by SemperVirens VC.

Insurtech firm CoverGo has raised $15m in a Series A funding round led by California-based SemperVirens VC with participation from US venture capital firms SixThirty, Tribeca Early Stage Partners and Fresco Capital. 

The round also saw participation from existing investors as well as some strategic investors including pan-African insurance group Old Mutual, Asia-based insurance group Asia Financial Holdings, US-based XN Worldwide Insurance (part of the Henner Group) and Middle East and African insurance fund Noria Capital.

In addition to participating in the funding round, Caribou Honig, general partner of SemperVirens will also be taking a board observer seat as part of the investment.

CoverGo plans to use the new investment to accelerate its international expansion, develop its partner network with consulting companies, and grow its sales and engineering teams particularly in the US and Asia Pacific.

You may also like:

Manulife taps ex-Munich Re managing director as Asia chief risk officer

Howden appoints new Singapore chief

EXCLUSIVE: No man left behind: How insurtech is solving the underinsurance mess

Follow the link for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Top three things killing the insurance industry
Thanks to these threats, 54% of insurers had an ROE below their cost of equity.
Insurance
How Emma transforms AXA Mandiri's digital strategies
Emma is an all-in-one digital platform that meets the customers' needs, from purchasing an insurance policy to booking gym classes.
Insurance