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Owl.Co Secures $30 Million In Funding To Address Insurance Industry’S $80 Billion Fraud Problem

PRIVATENov 03, 2021•over 4 years ago

Amount Raised

$30 Million

Vancouver

Description

owl.co Labs, Inc. (owl.co), an insurance claims monitoring platform, today announced that it secured $30 million in Series-B funding to accelerate the company's growth. Cota Capital led the financing, joined by Sorenson Ventures, FUSE, Impression Ventures, Luge Capital, and Plug and Play Ventures. owl.co will utilize the funding to scale its insurance claims monitoring platform and expand its team

Company Information

Company

Owl.Co

Location

Vancouver, Washington, United States

About

owl.co delivers a secure, evidence-based insurance claims monitoring platform that provides greater due diligence at scale, while removing human bias from the detection process. By leveraging machine learning, owl.co automates the claims monitoring process, addressing the insurance industry’s $80 billion fraud problem. owl.co’s sophisticated insurance fraud methodology finds five times more fraudulent cases than other solutions, quickly saves clients and claimants money, and delivers a 10-fold ROI – more than any other tool on the market. owl.co was founded in 2018 and has offices in Vancouver, B.C., Toronto, New York and Seattle. For more information, visit https://www.owl.co.

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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 FundzWatch™ for automated website change detection, FundzIQ™ for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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