Fundz

COVU, Inc. raised $12.5 million in a Series A funding round led by Benhamou Global Ventures and ManchesterStory to enhance AI-native services for insurance agencies.

PRIVATEOct 10, 2024

Amount Raised

$12.5 Million

Round Type

Series A

San FranciscoArtificial IntelligenceInsurance

Investors

MarkdManchesterStoryBenhamou Global Ventures

Description

COVU, Inc. has successfully completed a $12.5 million funding round as part of its Series A. The funding will help enhance their AI-native services and drive growth in the insurance sector.

Quick answer

COVU raised $12.5 Million in a Series A round, dated October 10, 2024. Investors: Markd, ManchesterStory and Benhamou Global Ventures. COVU is based in San Francisco, California, United States.

How much did COVU raise?
COVU raised $12.5 Million in a Series A round on October 10, 2024.
Who invested in COVU?
Markd, ManchesterStory and Benhamou Global Ventures are named as investors in this round.
What does COVU do?
COVU is a transformative platform designed to revolutionize the insurance servicing industry through AI-native solutions combined with human support.
Where is COVU based and how big is it?
COVU is based in San Francisco, California, United States. Fundz records about 72 employees.
Who are the decision-makers at COVU?
Fundz holds 1 contact at COVU. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Insurance and Artificial Intelligence around the same time

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

  • Federato raised $40M (Series C) on November 20, 2024.
  • Federato raised $35M on November 15, 2024.
  • Anthropic raised $4B on November 22, 2024.
  • Dote raised $1.5M (Seed) on November 22, 2024.
  • Chiron Health AI raised an undisclosed amount (Pre-Seed) on November 22, 2024.
  • Rosie AI raised $1.5M (Pre-Seed) on November 21, 2024.

Who to call at COVU, and when

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

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

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Company Information

Company

COVU

Location

San Francisco, California, United States

About

COVU is a transformative platform designed to revolutionize the insurance servicing industry through AI-native solutions combined with human support. The company is dedicated to enhancing customer experiences and operational efficiency for insurance agencies while providing flexible servicing models to meet the demands of modern consumers. COVU's mission is to combine cutting-edge AI technology with human support, creating a seamless customer experience that will revolutionize the insurance sector. They empower insurance agencies by providing innovative tools that streamline workflows and improve customer interactions.

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

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

COVU 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.