Fundz

Insurtech Cover Whale Announces $15.5 Million Seed Funding

PRIVATEOct 05, 2021

Amount Raised

$15.5 Million

Round Type

Seed

New YorkFinancial ServicesInsurtechInsurance

Description

Cover Whale Insurance Solutions, Inc. ("Cover Whale"), an Insurtech MGA focused on disrupting the commercial auto space, announced the completion of a $15.5 million fundraising led by investors Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac") and TigerRisk Partners' Applied Financial Technologies subsidiary.

Quick answer

Cover Whale raised $15.5 Million in a Seed round, dated October 5, 2021. Cover Whale is based in New York, New York, United States.

How much did Cover Whale raise?
Cover Whale raised $15.5 Million in a Seed round on October 5, 2021.
What does Cover Whale do?
Cover Whale, an insurtech founded by experienced insurance and technology veterans, focuses on technology, underwriting, and data to provide innovative insurance programs for the commercial auto industry.
Where is Cover Whale based and how big is it?
Cover Whale is based in New York, New York, United States.
Who are the decision-makers at Cover Whale?
Fundz holds 1 contact at Cover Whale, including the Chief Technology Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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

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

  • Foxquilt raised $8M (Series A) on September 16, 2021.
  • Amplify raised $12M on November 4, 2021.
  • Acko raised $255M (Funding Round) on October 27, 2021.
  • Amplify raised $200K (Pre-Seed) on October 7, 2021.
  • Vouch raised $90M (Funding Round) on September 10, 2021.
  • NMI raised an undisclosed amount on September 9, 2021.

Who to call at Cover Whale, and when

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

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

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Company Information

Company

Cover Whale

Location

New York, New York, United States

About

Cover Whale, an insurtech founded by experienced insurance and technology veterans, focuses on technology, underwriting, and data to provide innovative insurance programs for the commercial auto industry. Cover Whale's unique Driver Safety Program combines coverage with telematics, dash cams and real-time driver coaching to reduce claims, keep drivers safe and save lives on America's roads. Cover Whale delivers its product through more than 5,000 agents with the industry's fastest, most agent-friendly online quoting experience. Maintaining excellent agent relationships has driven more than $400 million in premium through the Cover Whale platform. With a fundamental belief that safe driving should be rewarded, Cover Whale-insured truck drivers may receive up to 15% off when renewing their auto liability policy.

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

Related People

1 contact
Verified contactsBryan G., Chief Technology OfficerSee plans and pricing
Predictive Intelligence
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ML-powered predictions for Cover Whale's next move

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Cover Whale 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.