UpCover raised $45M in a funding round led by Brian Hartzer and the Gandel family to disrupt the commercial insurance industry.
Amount Raised
$45 Million
Round Type
Funding Round
SydneyFinancial ServicesInsurtechInsuranceInvestors
Description
UpCover, an insurance start-up founded in 2019, has raised $45 million through debt and equity investments. The new funding will help the company challenge the dominance of major brokers in the commercial insurance market.
Quick answer
UpCover raised $45 Million in a Funding Round round, dated February 9, 2025. Investors: Brian Hartzer and Gandel Family. UpCover is based in Sydney, New South Wales, Australia.
- How much did UpCover raise?
- UpCover raised $45 Million in a Funding Round round on February 9, 2025.
- Who invested in UpCover?
- Brian Hartzer and Gandel Family are named as investors in this round.
- What does UpCover do?
- UpCover is an insurance start-up founded in 2019, aiming to disrupt the heavily broker-dominated commercial insurance industry.
- Where is UpCover based and how big is it?
- UpCover is based in Sydney, New South Wales, Australia. Fundz records about 28 employees.
- Who are the decision-makers at UpCover?
- Fundz holds 1 contact at UpCover. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Insurtech around the same time
Companies in the same sectors as UpCover that raised within 45 days of this round, from Fundz verified event records.
- Adaptive Insurance raised $5M (Seed) on February 25, 2025.
- Comulate raised $20M (Series B) on February 12, 2025.
- Weecover raised $4.4M (Seed) on January 23, 2025.
- Olé Life raised $13M (Series B) on January 16, 2025.
- Meanwhile raised $45M on March 12, 2025.
- CoverForce raised $13M (Series A) on March 5, 2025.
Who to call at UpCover, and when
A new round usually means UpCover is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day UpCover raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at UpCover, from your own LinkedIn network
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Related People
UpCover 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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