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Corvus Raises $100M in Series C Financing to Further Advance Its Mission of Transforming Commercial Insurance

Mar 10, 2021over 4 years ago

Amount Raised

$100 Million

Round Type

series c

BostonInformation TechnologySoftware

Description

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 Information

Company

Corvus Underwriting GmbH

Location

Boston, Massachusetts, United States

About

Corvus Underwriting GmbH is a company that provides technology-driven insurance products. It focuses on delivering innovative solutions to meet the needs of modern businesses. The firm specializes in cyber insurance and risk management services. Corvus aims to leverage technology to enhance underwriting and claims processes.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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