Fundz

Cover Genius Lands $70M Infusion To Grow Its Embedded Insurance Business

Nov 01, 2022

Amount Raised

$70 Million

Round Type

Funding Round

New YorkFinancial ServicesFintechInsurance

Description

In 2014, Angus McDonald, the former head of publisher partnerships at Yahoo (full disclosure: TechCrunch’s parent company), teamed up with ex-Googler Chris Bayley to found Cover Genius, an insurtech platform that prices and handles claims for virtually any line of insurance or warranty. After expanding the business to all 50 U.S. states and more than 60 countries, Cover Genius is gearing up for its next phase of growth, McDonald says, fueled by significant fresh capital.

Who else raised in Financial Services and Fintech around the same time

Companies in the same sectors as Cover Genius that raised within 45 days of this round, from Fundz verified event records.

  • Stere raised $5M (Seed) on September 26, 2022.
  • Insurance Australia Group raised $54M (Funding Round) on December 15, 2022.
  • Finterest raised $1.5M (Seed) on December 13, 2022.
  • NF3 raised $1.6M (Seed) on December 9, 2022.
  • Uplinq raised $5.6M (Seed) on December 8, 2022.
  • MarginEdge raised $45M (Funding Round) on December 7, 2022.

Who to call at Cover Genius, and when

A new round usually means Cover Genius is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Cover Genius raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Cover Genius, from your own LinkedIn network

Works inside ChatGPT and Claude. Ask who to call at Cover Genius. With Fundz connected, it knows.

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Company Information

Company

Cover Genius

Location

New York, New York, United States

About

Cover Genius is the insurtech for embedded insurance that protects the global customers of the world’s largest digital companies including Booking Holdings, owner of Priceline, Kayak and Booking.com, Intuit, Hopper, Skyscanner, Ryanair and Descartes ShipRush. We’re also available at Amazon, Flipkart, eBay, Wayfair and SE Asia’s largest company, Shopee. Cover Genius’ vision is to protect all the customers of the world’s largest online companies through XCover, an award-winning global distribution platform for any line of insurance or warranty, with an API for instant claims payments that holds an industry-leading NPS of +65‡.

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Fundz sees it the moment Cover Genius raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsVincent, People Partner, APAC hidden hiddenSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for Cover Genius's next move

See what Strategic adds

Cover Genius raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.