Fundz

Icover Raises $5 Million In Pre-Series A Funding

PRIVATEAug 31, 2022

Amount Raised

$5 Million

Round Type

Pre-Series A

ChesterfieldArtificial IntelligenceBlockchainCryptocurrency

Description

iCover, a Missouri-based Insurtech that provides an algorithmic underwriting and QUITM based eApp Service for life insurance companies, raised $5 million in Pre-Series A funding.

Quick answer

iCover raised $5 Million in a Pre-Series A round, dated August 31, 2022. iCover is based in Chesterfield, Virginia, United States.

How much did iCover raise?
iCover raised $5 Million in a Pre-Series A round on August 31, 2022.
What does iCover do?
The company intends to use the funds raised to increase technical staff, expand sales and marketing, and bolster R&D efforts related to their AI underwriting framework and private Blockchain network.
Where is iCover based and how big is it?
iCover is based in Chesterfield, Virginia, United States.

Source: Fundz verified event record.

Who else raised in Blockchain and Cryptocurrency around the same time

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

  • Crossmint raised $18M on October 12, 2022.
  • Reltime raised $50M (Funding Round) on July 27, 2022.
  • Tatum raised $42M (Funding Round) on October 12, 2022.
  • Arch raised $5M (Seed) on October 11, 2022.
  • MinePlex raised $100M (Funding Round) on October 11, 2022.
  • Xalts raised $6M (Funding Round) on October 7, 2022.

Who to call at iCover, and when

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

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

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Company Information

Company

iCover

Location

Olive

Chesterfield, Virginia, United States

About

The company intends to use the funds raised to increase technical staff, expand sales and marketing, and bolster R&D efforts related to their AI underwriting framework and private Blockchain network. About iCoveriCover is the first "plug and play" algorithmic underwriting platform in the InsurTech space.

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iCover 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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