Cover Whale raises $44 million in a Morgan Stanley-led Series B to fund growth investments.
Amount Raised
$44 Million
Round Type
Series B
New YorkFinancial ServicesInsurtechInsuranceInvestors
Description
Cover Whale has raised $44 million in a Series B funding round led by Morgan Stanley Expansion Capital. The funding will be used to support the company's growth investments. Sources familiar with the matter informed The Insurer about this event. This funding aims to enhance Cover Whale's position in the commercial auto insurtech market.
Quick answer
Cover Whale raised $44 Million in a Series B round, dated July 22, 2025. 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 $44 Million in a Series B round on July 22, 2025.
- 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.
- A-CAP raised an undisclosed amount on August 1, 2025.
- Bang Jamin raised $4M (Pre-Series A) on July 15, 2025.
- Fwd Group raised $56M (Post-IPO Equity) on July 10, 2025.
- Pacific Life raised $2.6M (Seed) on September 1, 2025.
- Pacific Life raised $5.6M on September 1, 2025.
- Aviva plc raised $1.3M (Pre-Seed) on August 18, 2025.
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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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.
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