Digital Life Insurance Platform Covr Financial Technologies Completes $15M Series B Fundraising Round

Apr 07, 2022•over 3 years ago

Amount Raised

$15 Million

Round Type

series b

Hartford

Description

Covr Financial Technologies (Covr), a leading digital life insurance platform, has completed its Series B fundraising round including new investor Stone Point Ventures, and strong existing investor participation from Sony Innovation Fund by IVG, Aflac Ventures, Allianz Life Ventures, Connecticut Innovations, Fairview Capital, Contour Venture Partners, Commerce Ventures and Tribeca Early Stage Partners.

Company Information

Company

Covr Financial Technologies

Location

Hartford, Vermont, United States

About

Covr partners with financial brands to provide life insurance solutions to their customers in an efficient, easy way that streamlines the process of selling and buying policies. Covr offers a choice of trusted life insurance products from leading insurance carriers, an easy way to compare rates, and the ability to purchase policies within minutes. Through its digital insurance solutions, Covr helps financial institutions deliver a great experience under the brand their customers already trust. Covr currently serves over 25,000 financial advisors and over 40 million customers across over 30 financial institutions. More information is available at www.covrtech.com or follow Covr at @covrtech and on LinkedIn. SOURCE Covr Financial Technologies, Inc.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech