Qover Raises $25m in Fundraising Round

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Yep, here’s one we missed from earlier this week;

InsurTech Qover, which builds the API-first global insurance solution for the new economy, has raised $25M with Prime Ventures as lead investor, backed by Cathay Innovation. Existing investors Anthemis and Alven have also participated in the funding round. This new investment brings the company’s total investment to $43M.

The Series B financing follows a year of significant growth and momentum for the InsurTech. This announcement also comes after the company’s recent partnership with unicorn Revolut. Qover offers products in the gig economy space as well as building bespoke, custom products B2B.

The new funds will be used to accelerate the company’s development in Europe and worldwide. The focus will be on recruiting business development and marketing talent to speed up customer acquisition and sales.

“Digital-native players are increasingly looking to Qover to help them accelerate their growth and this is just the beginning. Our mission is to connect all the platforms to our fully embedded insurance solution. This new fund will boost our ability to respond to the needs of an exploding market and continue to innovate in providing seamless digital experiences” stated Quentin Colmant, CEO and Co-founder of Qover.

About alastair walker 5915 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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