Covera Closes $1 Million
October 19, 2017
5:23 pm
Credit: covera.ai
Insurance tech startup Covera closed $1 million in seed financing led by Ferst Capital.
Covera takes care of insurance re-shopping for users by building a detailed profile before customers’ policies expire, and presenting them with a small number of curated alternatives that can be purchased in minutes. If customers can get smarter insurance coverage with a different insurance provider, Covera does all the work to switch them over in time. If they’re already with the best possible provider, it keeps them exactly where they are.
Covera hopes to use the investment in three main areas: to support growth and user acquisition initiatives, to build a team that will accelerate product development, and to drive geographic expansion Canada-wide.
