Insurtech Qover Finalizes $30M Series C to Support Business Growth

Qover, an insurtech specialising in embedded insurance orchestration, has successfully closed a $30 million Series C up-round funding.

The investment will fuel “the company’s growth trajectory, empower it to continue orchestrating innovative solutions, launch even more successful partnerships and propel it closer to achieving profitability in its mission to create a global safety net that protects everyone, everywhere.”

The Series C up-round funding “saw participation from a diverse group of investors, including Alven, Anthemis, Kreos Capital and Zurich Global Ventures.”

Their support and confidence in Qover’s strategic vision “highlight the company’s capacity to drive sustainable growth and enable brands to orchestrate insurance with technology.”

The funding will enable Qover “to fuel expansion efforts, propel technology development and facilitate strategic partnerships.”

Quentin Colmant, CEO & Co-founder of Qover, said:

“We are thrilled to announce the completion of our Series C funding round, which brings us one step closer to achieving our growth and profitability goals. Our commitment to transforming insurance experiences has been unwavering. Our ability to navigate and quickly adapt to the changing tech landscape has been instrumental in attracting top-tier clients and investors. We are incredibly proud of what our team has accomplished. With their resilience as our driving force, we’re excited about the opportunities that lie ahead as we continue to push boundaries and shape the future of insurance.”

Qover’s latest funding announcement “comes on the heels of a series of partnership news, further solidifying its position as a leading embedded insurance orchestrator.”

Because Qover’s platform can “integrate seamlessly with any insurer or broker, it fosters valuable collaborations with key brands.”

Companies such as Revolut, Qonto, Monzo, ING, Monese, Fisker, Nio, Volta Trucks, Niu, Lucid and many more have chosen Qover “as their embedded insurance orchestration platform.”

As reported recently, Insurtech Qover partnered with the UK’s digital bank, Monzo, to provide “a simple, tailored travel insurance solution that can be accessed by Monzo Premium account holders in the UK through the Monzo app.”

The program is “orchestrated by Qover, utilizing their embedded insurance orchestration platform, and underwritten by Zurich Insurance Company Ltd UK (Zurich), a leading multi-line insurer.”

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