CoverGo’s Series A highlights the company’s accelerated advance and success, with anniversary alternating software acquirement accretion added than 10x back January 2021.
NEW YORK and SINGAPORE, May 9, 2022 /PRNewswire/ — CoverGo, the arch all-around action no-code SAAS allowance platform, today appear it has anchored $15 actor in Series A allotment led by California-based SemperVirens VC with accord from US adventure basic firms SixThirty, Tribeca Early Stage Ally and Fresco Capital. Cardinal investors accommodate pan-African allowance accumulation Old Mutual, Asia-based allowance accumulation Asia Banking Holdings, US-based XN Common Allowance (part of the Henner Group) and Middle East and African allowance armamentarium Noria Capital. Existing insurtech investors additionally alternate in the oversubscribed round.
Caribou Honig, accepted accomplice of SemperVirens, additionally accepted as the Godfather of Insurtech and architect of the world’s better insurtech appointment InsureTech Connect, will additionally be demography a lath eyewitness bench as allotment of the investment.
A growing cardinal of P&C, bloom and activity allowance companies and arising insurtech companies accept adopted CoverGo’s belvedere to body and barrage all types of allowance articles aural days, advance omni-channel distribution, accumulate action admin and automate claims processes. As a result, CoverGo’s anniversary alternating acquirement grew added than 10x back January 2021.
CoverGo is already alive with above allowance companies such as AXA, MSIG (MS&AD Allowance Group), Dai-ichi Activity and Bank of China Accumulation Insurance, and commitment ally such as Deloitte, Accenture, IBM and Synpulse in Asia, US, Canada, Latin America, Middle East and added markets beyond the globe. The new advance will advice advance CoverGo’s all-embracing expansion, advance its accomplice arrangement with consulting companies and abound the sales and engineering teams in the US and Asia-Pacific to accommodated the accretion appeal for the CoverGo platform.
“There are alone a scattering of technologies that are decidedly transforming the allowance industry, and no-code is acutely on the abbreviate list,” said Caribou Honig. “As carriers angular into enabling innovation, CoverGo is abnormally positioned to advance their agenda transformation and drive efficiencies beyond the allowance amount chain. CoverGo’s next-generation belvedere is accouterment carriers an angry mix of acceleration to market, amount savings, and aegis to accomplish both now and in the future. We are aflame to abutment CoverGo on its advance adventure and amplification in the US market.”
“Insurance companies apprehend now added than anytime that custom IT development is too apathetic and cher while off-the-shelf software bales can’t amuse alteration artefact requirements and chump needs. This is why we see fast growing appeal common for a absolutely configurable no-code belvedere acceptance companies to be active and break accordant in the alteration world,” said Tomas Holub, CEO and Architect of CoverGo. “The new allotment and different mix of cardinal allowance investors will advice advance acceptance of CoverGo by allowance companies globally.”
Learn added about why allowance companies are allotment CoverGo at covergo.com.
CoverGo has developed the allowance industry’s aboriginal out-of-the-box, modular, no-code allowance belvedere powered by over 500 accessible allowance APIs enabling allowance companies to transform digitally in the best flexible, scalable and cost-effective way. P&C, bloom and activity allowance companies use CoverGo to body and barrage all types of allowance articles aural days, advance omni-channel distribution, accumulate action admin and automate claims processes. To apprentice more, visit https://covergo.com.
About SemperVirens VC
SemperVirens is a arch US-based ecosystem-driven advance close focused on companies in the workforce, healthcare, and banking technology markets. The close has a arrangement of executives, industry analysts, and administration ally that serve as a proprietary belvedere for accessing, analyzing, and amplifying the best able companies in its ambition sectors.
Julien HaussEmail: [email protected]
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