COVU Raises Additional $10M, Expanding Series A to $22M for AI-Powered Insurance Management
COVU combines AI-powered automation with expert-driven risk advisory to help insurance professionals streamline operations and optimize customer engagement.
Company Name: COVU
Location: San Francisco, CA
Industry: Insurance
Funding Details:
- Amount: $10M (Series A extension), bringing the total Series A to $22M and overall funding to $32M
- Investors:
- Lead: Benhamou Global Ventures (BGV)
- Participants: True Global Ventures (TGV) (new investor)
Purpose of Investment:
- Expand its AI-native roll-up and marketplace business
- Enhance AI automation capabilities for insurance management
- Strengthen partnerships within the insurance ecosystem
Leadership:
- CEO: Ali Safavi
Product:
COVU is an AI-native platform designed to revolutionize insurance customer management and risk advisory. By integrating intelligent automation with human expertise, it helps:
- Insurance agencies, brokers, and financial institutions improve risk management
- Enhance customer retention through AI-driven advisory services
- Drive business growth by automating operational workflows
About the Company:
COVU combines AI-powered automation with expert-driven risk advisory to help insurance professionals streamline operations and optimize customer engagement. The company is currently securing an additional $30M in debt financing to further scale its platform and expand its market reach.
Future Plans:
With this funding, COVU aims to strengthen its AI-driven offerings, enhance its insurance marketplace capabilities, and continue forming strategic partnerships across the insurance ecosystem.
