CoverWallet Closes $18.5 Million

Insurance tech startup CoverWallet completed $18.5 million in Series B financing led by Foundation Capital, with participation from Union Square Ventures, Index Ventures, and Two Sigma Ventures.

Launched in early 2016, CoverWallet combines deep analytics, thoughtful design, and state of the art technology to help small businesses with all insurance needs by delivering a seamless user experience while offering customers savings, customized coverage, and best-in-class service. CoverWallet’s range of insurance includes general liability, workers’ compensation, commercial property, cyber liability, commercial auto, disability, and health.

CoverWallet says it plans to use the new funding to continue building its core technology, expand partnerships, and scale operations in order to meet growing demand and solidify its position as a market leader.