Cover Whale Announces $27.5 Million Investment by Morgan Stanley Expansion Capital
Amount Raised
$27.5 Million
Round Type
Series A
New YorkFinancial ServicesInsurtechInsuranceInvestors
Description
Cover Whale, a leading insurtech specializing in connected insurance for commercial auto, announced funding of $27.5 million in debt and equity from investment funds managed by Morgan Stanley Expansion Capital. The funding will support the next phase of profitable growth and help accelerate the progress towards transforming trucking insurance and improving safety on America's roads.
Quick answer
Cover Whale raised $27.5 Million in a Series A round, dated May 22, 2024. Investors: Morgan Stanley Expansion Capital. Cover Whale is based in New York, New York, United States.
- How much did Cover Whale raise?
- Cover Whale raised $27.5 Million in a Series A round on May 22, 2024.
- Who invested in Cover Whale?
- Morgan Stanley Expansion Capital is named as investors in this round.
- 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.
- Wopta Assicurazioni raised $4.4M (Series A) on July 5, 2024.
- Pacific Life raised $11M on July 1, 2024.
- Pacific Life raised $1.9M on July 1, 2024.
- Gradient AI raised $36M on June 28, 2024.
- Pacific Life raised $685K on June 24, 2024.
- Pacific Life raised $725K on June 24, 2024.
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
Works inside ChatGPT and Claude. Ask who to call at Cover Whale. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
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
Funding Insights
What this usually meansCover 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.
5 screens from a live account. No signup.