Covera

insurtechaggregators / policy management

FOUNDING YEAR: 2016
LOCATION: Canada
Last Update: 17/07/2020

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MEDICI Analysis

Covera is an online digital insurance broker which lets users compare and buy insurance. The company uses data and analytics to give real-time advice to buy insurance policies and to create awareness on alternative insurances. The company also helps in building the detailed profile on users behalf and, before their policies expire.

Focus

PRODUCTS & SERVICES

Online comparison portal for insurance products. It also provides a comparison between all the insurers and alternative best insurance products which helps the customers to opt the right product.

REVENUE MODEL

The company offering their users a free trial.

MAIN CLIENTS

Online retail Insurance consumers

People

FOUNDERS

Scott Loong

Paul O'Reilly

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Ferst Capital Partners

Ferst Capital Partners - FCP

Momentum

FUNDED

NO

TOTAL FUNDING

$1 M

DATE OF LAST FUNDING

Oct 2017

SEED & PRIOR FUNDING

$1 M

SEED CLOSED ON

Oct 2017

SEED PRIOR FUNDING COMMENT

+Seed round of $1 M raised in Oct 2017

LISTED

NO

COMMENT

Venture: $0.5 M (February 2016)

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