CoverGo, a global enterprise no-code SAAS insurance platform,secured $15 million in Series A funding.
TheRound was led and participated by SemperVirens Vice-Chairman, SixThirty. Tribeca Early Stage PartnersAnd Fresco CapitalAs well as strategic investors Old Mutual, Asia Financial Holdings, XN Worldwide Insurance(Part of the Henner Group) and Noria Capital. ExistingInsurtech investors also participated inThe round. Caribou HonigAs part of the investment, a general partner of SemperVirens will also be serving as a board observer.
The company intends to use the funds to accelerate international expansion, develop its partner network with consulting companies and grow the sales and engineering teams inThe US and Asia-Pacific.
LedBy Tomas HolubCEO Founder, CoverGo has developed an insurance industry’s modular, no-code insurance platform powered by over 500 open insurance APIs enabling insurance companies to go digital inIt is flexible and scalable. P&C, healthAnd life insurance companies use it to build and launch all typesThis is insurance products within days, develop omni-channel distribution, streamline policy admin and automate claims processes.
CoverGo is already working with major insurance companies such as AXA, MSIG (MS&AD Insurance Group), Dai-ichi Life and Bank of China Group Insurance, and delivery partners such Deloitte, AccentureIBM and Synpulse in Asia, US, Canada, Latin America, Middle East and other markets across the globe.
TheCompanies have offices in Singapore, Hong Kong, Vietnam.