Qover, a Belgium insurtech for digital businesses, recently announced it has raised €8 million through its latest funding round, led by Alven and Portag3 Ventures with participation from Anthemis.
Founded in 2016, Qover reported its insurance products insure nearly 50,000 individuals across eight European countries. The company has also develope partnerships with other digital innovators such as Deliveroo, and such partnerships continue to grow substantially as well as home, rent and landlord insurance with Axel Springer-owned Immoweb, the leading real estate marketplace platform in Belgium.
While sharing more details about the company’s growth and development, Jean-Charles Velge, Co-Founder of Qover, stated:
“We operate at the crossroads of technology and insurance and it’s our mission to be the partner of choice of every business looking for digital insurance. This funding will allow us to accelerate our European development and investment in R&D and cutting-edge technology.”
Speaking about the investment, Hélène Falchier, Partner at Portag3 Ventures, also commented:
“Qover’s impressive track record and ambitious growth plans made investing in this team an appealing proposition. They have a clear idea of where they want to go and as rising stars in the European digital insurance space, we look forward to leveraging our expertise and network to help them reach new heights.”
Qover added that it is planning to use the investment round’s funding to accelerate its growth in selected verticals, including supporting insurers through turnkey solutions for their digital acquisition channels.