Qover, a leading insurtech specialising in embedded insurance orchestration, has recently concluded a successful Series C up-round funding, securing an impressive $30 million.
This significant investment is expected to propel the company’s growth trajectory, empower it to continue orchestrating innovative solutions, establish more successful partnerships, and bring it closer to achieving profitability in its ambitious mission to create a global safety net that safeguards individuals across the globe.
The Series C up-round funding attracted participation from a diverse group of investors, including Alven, Anthemis, Kreos Capital, and Zurich Global Ventures. The support and confidence demonstrated by these investors in Qover’s strategic vision underscore the company’s ability to drive sustainable growth and enable brands to seamlessly integrate insurance with cutting-edge technology. This substantial funding infusion will provide Qover with the necessary resources to expand its operations, advance technology development, and forge strategic partnerships.
“We are delighted to announce the successful completion of our Series C funding round, marking a significant milestone in our journey towards achieving growth and profitability,” stated Quentin Colmant, CEO & Co-founder of Qover.
“Our unwavering commitment to transforming insurance experiences has been the cornerstone of our success. Our ability to navigate and swiftly adapt to the evolving tech landscape has played a crucial role in attracting top-tier clients and investors. We take great pride in our team’s accomplishments, and with their resilience driving us forward, we are excited about the boundless opportunities that lie ahead as we continue to push boundaries and shape the future of insurance.”
Qover’s management team, led by Quentin Colmant, has been instrumental in driving the company’s success. Their leadership, strategic vision, and industry expertise have positioned Qover as a frontrunner in the field of embedded insurance orchestration.
This latest funding announcement follows a series of partnership news, further solidifying Qover’s position as a leading provider of embedded insurance orchestration. Qover’s platform boasts seamless integration capabilities with any insurer or broker, fostering valuable collaborations with prominent brands.
Renowned companies such as Revolut, Qonto, Monzo, ING, Monese, Fisker, Nio, Volta Trucks, Niu, Lucid, and many others have selected Qover as their preferred embedded insurance orchestration platform. These partnerships serve as a testament to Qover’s industry-leading technology and its ability to deliver innovative insurance solutions that meet the unique needs of diverse businesses.
Colmant added: “Let’s continue creating innovative partnerships and pioneering embedded insurance solutions, creating a global safety net that protects everyone, everywhere.”