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Insurtech Cover Whale Announces $15.5 Million Seed Funding

Oct 05, 2021•almost 4 years ago

Amount Raised

$15.5 Million

Round Type

seed

Description

Cover Whale Insurance Solutions, Inc. ("Cover Whale"), an Insurtech MGA focused on disrupting the commercial auto space, announced the completion of a $15.5 million fundraising led by investors Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac") and TigerRisk Partners' Applied Financial Technologies subsidiary.

Company Information

Company

Cover Whale

About

Cover Whale, an Insurtech founded by experienced insurance and technology veterans, focuses on underwriting, technology, and data to launch innovative insurance programs. Cover Whale provides the most agent-friendly online platform, providing a simple solution for fast insurance quotes. Products are available exclusively through CoverWhale.com, with capacity from multiple leading insurance markets.

Funding Insights

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