This latest funding brings COVU’s total raised to over $20 million, with additional $4 million in debt and equity financing set to be unlocked upon reaching key milestones. The round was led by Benhamou Global Ventures (BGV), ManchesterStory, and Markd, with participation from both new and existing investors.
COVU provides a range of AI-driven products and services to insurance agencies, including CRM, marketing tools, and licensed support. The fresh capital will enable the startup to further enhance its platform, allowing agencies to streamline their workflows, improve customer service, and scale their businesses with greater confidence.
“We are committed to providing insurance agencies with AI-native solutions that enhance both efficiency and trust,” said Ali Safavi, Co-Founder and CEO of COVU. “We are thrilled to partner with investors who understand the disruptive potential of AI in transforming the insurance industry. This funding enables us to double down on our investment in AI-native services and help our agency partners optimize their operations and deliver superior customer experiences.”
Eric Benhamou, Managing Partner at BGV, praised COVU’s approach, saying, “COVU is pioneering the future of insurance servicing by blending AI-driven insights with a human touch. Their model is key to unlocking the next phase of growth in the industry, and we’re excited to support COVU as they lead this transformation.”
Matt Kinley, Founding Partner at ManchesterStory, emphasised the company’s market position: “Insurance is ripe for disruption, and COVU’s technology and approach are perfectly positioned to capitalise on this opportunity. Their platform improves operational efficiency for insurers while dramatically enhancing the customer experience.”
With this funding, COVU aims to accelerate its mission of helping insurance agencies scale their businesses while leveraging AI to improve operational efficiency and deliver exceptional customer experiences.
Parker Beauchamp, Founder of Markd, added, “COVU’s innovative approach to combining AI with human intelligence is setting a new standard in insurance servicing. We’re excited to be part of their Series A and look forward to seeing how they continue to redefine what’s possible in the industry.”