Corvus Raises $100M in Series C Financing to Further Advance Its Mission of Transforming Commercial Insurance
Corvus Raises $100M in Series C Financing to Further Advance Its Mission of Transforming Commercial Insurance
03/10/21, 10:04 AM
Location
bostonMoney raised
$100 million
Industry
information technology
software
Round Type
series c
Corvus Insurance, the leading provider of smart commercial insurance products powered by AI-driven risk data, today announced it has secured $100 million in Series C funding in a round led by global venture capital and private equity firm Insight Partners, and including all of its previous institutional investors, increasing Corvus’s valuation to $750 million. This latest investment, following last year’s $33 million Series B round, brings Corvus’s total amount raised to date to $147 million. As part of the transaction, Insight Partners’ Managing Director Deven Parekh will join the Corvus Board of Directors, and Principal David Spiro will join as a Board Observer.
Company Info
Location
boston, massachusetts, united states
Additional Info
Corvus Insurance is building a safer world through smart insurance products and digital tools that reduce risk, increase transparency, and improve resilience for policyholders and program partners. Corvus offers market-leading specialty insurance products enabled by advanced data science, while its digital platforms and tools facilitate efficient quoting, binding, and proactive risk mitigation. Corvus was founded in 2017 by a team of veteran entrepreneurs from the insurance and technology industries and is backed by investors that include Bain Capital Ventures, Insight Partners, Aquiline Technology Growth and FinTLV. Insurance program partners include Accredited, AXIS Capital, Crum & Forster, Hudson Insurance Group, SiriusPoint, and Skyward Specialty Insurance. Corvus Insurance is headquartered in Boston, Massachusetts with offices across the United States.