COVU, a San Francisco, CA-based AI-native company which specializes in insurance customer management and risk advisory, raised additional $10M, increasing its Series A to $22M, bringing its total funding to date to $32M.
The latest round was led by Benhamou Global Ventures (BGV), the lead investor from COVU’s initial Series A, with participation from True Global Ventures (TGV) as a new investor.
The company intends to use the funds to:
- Expand its AI-native roll-up and marketplace business.
- Enhance AI automation capabilities.
- Strengthen partnerships within the insurance ecosystem.
Led by CEO Ali Safavi, COVU is an AI-native company that specializes in insurance customer management and risk advisory services. By combining intelligent automation with human expertise, it empowers agencies, brokers, and financial institutions to deliver enhanced risk management, improve customer retention, and drive business growth.
This announcement follows COVU’s previously announced $12.5m Series A. The company is now in the process of securing over $30m in additional debt financing to further scale its platform.
FinSMEs
20/02/2025