Covr Financial Technologies
Founded Year
2016Stage
Series B - II | AliveTotal Raised
$51.5MLast Raised
$15M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+20 points in the past 30 days
About Covr Financial Technologies
Covr Financial Technologies is a digital life insurance company that aims to make it easier to research, quote, and purchase life insurance. The company was founded in 2016 and is based in Hartford, Connecticut.
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Covr Financial Technologies's Products & Differentiators
Covr Pro
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Research containing Covr Financial Technologies
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Covr Financial Technologies in 2 CB Insights research briefs, most recently on Jul 29, 2020.
Expert Collections containing Covr Financial Technologies
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Covr Financial Technologies is included in 4 Expert Collections, including Credit Union Tech.
Credit Union Tech
66 items
Banking
379 items
Startups providing solutions to banks to automate processes and operations.
Insurtech
2,695 items
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
7,756 items
US-based companies
Latest Covr Financial Technologies News
Feb 6, 2023
News provided by Share this article Covr's CEO Shares Innovation Vision with Largest Innovation Center in Connecticut HARTFORD, Conn., Feb. 6, 2023 /PRNewswire/ -- The Connecticut Science Center announced the addition of six new trustees to their Board, including Covr's CEO Michael Kalen. The Connecticut Science Center is the largest and most expansive effort in Connecticut to support science and innovation and is dedicated to lifelong learning and changing the world through science. Their location in Hartford, Connecticut is a leading presence for science and innovation attracting more than 200,000 visitors per year and has more than 165 exhibits. Matt Fleury, President & CEO of the Connecticut Science Center, said "Mike's exceptional leadership and guidance will assure that the Science Center is a strong and vibrant pillar of Connecticut that inspires a knowledge-based society and the science- and technology-ready talent of the future." "The Science Center has been a shining star for 13 years, providing an innovative experience for our community and I'm excited to be part of their future," said Michael. "Covr is proud to be affiliated with the efforts of Matt and the Connecticut Science Center team and shares their vision for innovation and commitment to the Hartford community." About Covr Financial Technologies Covr partners with financial brands to provide life insurance solutions to their customers in an efficient, easy way that streamlines the process of selling and buying policies. Covr offers a choice of trusted life insurance products from leading insurance carriers, an easy way to compare rates, and the ability to purchase policies within minutes. Through its digital insurance solutions, Covr helps financial institutions deliver a great experience under the brand their customers already trust. Covr currently serves over 25,000 financial advisors and over 40 million customers across over 30 financial institutions. More information is available at www.covrtech.com or follow Covr at @covrtech and on LinkedIn . SOURCE Covr Financial Technologies
Covr Financial Technologies Frequently Asked Questions (FAQ)
When was Covr Financial Technologies founded?
Covr Financial Technologies was founded in 2016.
Where is Covr Financial Technologies's headquarters?
Covr Financial Technologies's headquarters is located at 1 American Row, Hartford.
What is Covr Financial Technologies's latest funding round?
Covr Financial Technologies's latest funding round is Series B - II.
How much did Covr Financial Technologies raise?
Covr Financial Technologies raised a total of $51.5M.
Who are the investors of Covr Financial Technologies?
Investors of Covr Financial Technologies include Contour Venture Partners, Commerce Ventures, Connecticut Innovations, Fairview Capital Partners, Allianz Life Ventures and 11 more.
Who are Covr Financial Technologies's competitors?
Competitors of Covr Financial Technologies include Autobooks and 5 more.
What products does Covr Financial Technologies offer?
Covr Financial Technologies's products include Covr Pro.
Compare Covr Financial Technologies to Competitors
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Alan is a Paris-based digital health insurance company that develops subscription-based software for insurance with clear pricing and transparent reimbursement policies. Alan is a primary insurer that distributes its own health plans directly to companies and individuals. It was founded in 2016 and is based in Paris, France.
BIMA provides mobile-delivered insurance to mobile operators and insurance companies. The company also provides product development expertise, a dedicated distribution force, efficient customer service with rapid claims payment, and a mobile insurance platform. It was founded in 2010 and is based in London, England.
Ladder is a digital life insurance provider. For persons aged 20 to 60, Ladder offers life insurance term coverage ranging from $100,000 to $8 million.
The Zebra is an online car insurance comparison marketplace. The Zebra also provides educational resources to inform consumers and help them find the coverage, service level, and pricing to suit their unique needs, while simultaneously helping insurance companies connect with their consumers.
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