Fundz

Coversure raises $4 million in a pre-series A funding led by Enam Holdings

PRIVATEMay 27, 2024

Amount Raised

$4 Million

Round Type

Pre-Series A

MumbaiTravelInsurtechInsurance

Investors

Enam Holdings

Description

Insurtech startup Coversure has raised $4 million in a pre-series A funding round led by Enam Holdings. The Mumbai-based company plans to use the funds to build a consumer-centric insurance engagement platform leveraging data intelligence and machine learning capabilities.

Quick answer

Coversure raised $4 Million in a Pre-Series A round, dated May 27, 2024. Investors: Enam Holdings. Coversure is based in Mumbai, Maharashtra, India.

How much did Coversure raise?
Coversure raised $4 Million in a Pre-Series A round on May 27, 2024.
Who invested in Coversure?
Enam Holdings is named as investors in this round.
What does Coversure do?
CoverSure, started in January 2023, is an AI-first InsurTech built to redefine the insurance landscape for Indians.
Where is Coversure based and how big is it?
Coversure is based in Mumbai, Maharashtra, India.
Who are the decision-makers at Coversure?
Fundz holds 1 contact at Coversure. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Travel and Insurtech around the same time

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

  • Gradient AI raised $36M on June 28, 2024.
  • Peak3 (formerly ZA Tech) raised $35M (Series A) on June 19, 2024.
  • Amplify raised $20M (Series B) on June 14, 2024.
  • Wanderwell Ventures PBC raised $50K (Pre-Seed) on May 23, 2024.
  • Cover Whale raised $28M (Series A) on May 22, 2024.
  • Cover Whale raised $12M on May 17, 2024.

Who to call at Coversure, and when

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

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

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Company Information

Company

Coversure

Location

Mumbai, Maharashtra, India

About

CoverSure, started in January 2023, is an AI-first InsurTech built to redefine the insurance landscape for Indians. We are committed to solving practical problems faced by insurance holders in India, helping them use their policies more effectively. Our platform, backed by data-led customization, targets insurance-products and insurance-connected experiences like never before. Our vision is to build India’s most loved insurance platform. CoverSure is founded by a group of passionate entrepreneurs who collectively bring years of consumer & insurance experience along with digital intelligence & data science. Our team is not only passionate about what they do but is also dedicated to pushing the boundaries of innovation through simplification. For consumers, we go a hundred miles to ensure the best insurance protection and peace of mind. And yes, we are backed by highly credible institutions. If you feel connected to our purpose & vision, please do reach out at care@coversure.in.

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