About Cover Genius
Cover Genius is a Financial Services company based in New York (United States) founded in 2014 by Angus James Ridley Mcdonald, Chris Bayley, Angus McDonald, and Christopher Robert Bayley. Software suite for insurance distribution and management is provided. Cover Genius has raised $354.55 million across 8 funding rounds from investors including Sompo Holdings, Regal Funds Management and Dawn Capital. The company has 649 employees. Cover Genius has completed 3 acquisitions, including Booking Protect, Clyde and Friendsurance. Cover Genius was last valued at $729 million in September 2021. Its chief executive, as recorded, is Angus McDonald. Its website covergenius.com draws about 49 thousand monthly visits. Its Indian entity Cover Genius India Private Limited reported revenue of ₹48.67 Cr. Cover Genius offers products and services including XCover, RentalCover, XClaim, and BrightWrite. Its focus areas include FinTech, Insurance IT, Insurance as a Service and InsurTech.
Company details
Provider of a software suite for the insurance industry. It offers products for insurance distribution and offers an insurance distribution platform for rental car companies, online car agencies, and OTAs to sell rental car insurance. It offers instant claims management and payments. It offers data analytics and a shake shield for parametric earthquake protection with automated payments to business customers. Its platform for insurance and warranties allows fintech, banks, issuers, neo banks, payments platforms, gateways, POS vendors, accounting and origination platforms, lenders of any stripe, merchants, auto dealers, and more to sell or embed personal and commercial insurance lines.
- Headquarters New York, United States
- Employees 649
- Founders Angus James Ridley Mcdonald, Chris Bayley, Angus McDonald, Christopher Robert Bayley
- Stage Minicorn
- SectorsFinancial Services
- Website category Finance · Accounting and Auditing
- Email••••••••
- Website covergenius.com
- Social LinkedIn X Facebook Instagram
- Legal Name Cover Genius India Private Limited
- Date of Incorporation 09 Sep, 2020
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity revenue₹48.67 Cr
FY 2024 · +563% YoY
- Indian entity net loss-₹1.94 Cr
FY 2024 · -4% margin
- Indian entity EBITDA-₹2.53 Cr
FY 2024 · -5% margin
- Total Equity Funding$354.55M (USD)
in 8 rounds
- Latest Funding Round$110.95M (USD), Series F
Jun 2026
- InvestorsSompo Holdings
& 15 more
- Employee Count649
- Investments & AcquisitionsBooking Protect
& 2 more
Associated legal entities of Cover Genius
Cover Genius operates through Cover Genius India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cover Genius India Private Limited CIN U72900MH2020FTC345617 | Active | 09 Sep 2020 | Mumbai, Maharashtra | ₹48.7 Cr | 20 | 2 | View details |
Products & Services of Cover Genius
Cover Genius offers a comprehensive portfolio of products and services, including XCover, RentalCover, XClaim, and BrightWrite.
Platform for global protection and instant claims processing
Service for worldwide rental car protection offerings
System for instant claims payments in multiple currencies
Tool for real-time price and product recommendations
Funding Insights of Cover Genius
Cover Genius has successfully raised a total of $354.55M across 8 strategic funding rounds. The most recent funding activity was a Series F round of $110.95 million completed in June 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $354.55M
- Total Rounds 8
- Last Round Series F — $110.95M
- Investors Count 11
All 8 funding rounds of Cover Genius with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2026 | $110.95M | Series F | – | – | |
| May 2024 | $80M | Series E | – | Spark Capital | |
| Nov 2022 | $70M | Series D | – | Dawn Capital | |
| Sep 2021 | $72.78M | Series C | $729M | Sompo Holdings | |
| Oct 2020 | $10.83M | Series C | – | King River | – |
| Oct 2020 | Debt – Conventional | – | – | ||
| Nov 2019 | $10M | Series B | – | King River | |
| Mar 2019 | Series A | – | King River | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2021 | $729M | •••••••• |
Last known valuation $729M (Sep 2021). 16 investors in total: 15 institutional and 1 angel.
Investors in Cover Genius
Cover Genius has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Sompo Holdings, Regal Funds Management and Dawn Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Spark Capital is engaged in venture capital investments. | sparkcapital.com | San Francisco, United States | ||
Dawn Capital is focused on investing in European software startups. | 2007 | dawncapital.com | London, United Kingdom | |
Venture capital firm investing in high growth software companies | kingriver.co | Surry Hills, Australia | ||
Growth-stage technology companies are funded via primary and secondary investments. | gsquared.com | Chicago, United States | ||
Atlas Merchant Capital is engaged in global investment strategies. | atlasmerchantcapital.com | New York, United States | ||
Investments are directed toward high-growth enterprise software and technology companies. | vistaequitypartners.com | Austin, United States | ||
Venture capital fund investing in early stage, technology-centric opportunities | 2017 | leo.capital | Delhi, India | |
Investments are directed toward early-stage tech startups by AirTree. | airtree.vc | Surry Hills, Australia | ||
Seed to Series A investments are targeted by Clearsign Capital. | clearsigncapital.com | Sydney, Australia |
Investor details for Cover Genius
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Cover Genius India Private Limited (Cover Genius)
Cover Genius India Private Limited is the primary company behind Cover Genius. The board of Cover Genius India Private Limited currently have 2 directors; the longest-serving is Saddahally Prabhakara Rao Adithya Bharadwaj, appointed in 2024. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Saddahally Prabhakara Rao Adithya Bharadwaj DIN 10072756 | Director | 30 Jul 2024 | 2 yrs 3 mo | Cover Genius India Private Limited |
| Angus Andrew Mcdonald DIN 08869908 | Director | 31 Jul 2024 | 2 yrs 3 mo | Cover Genius India Private Limited |
People of Cover Genius
177 people are tracked at Cover Genius (65 in leadership, 112 in team); the tracked headcount is 649.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Chris Bayley | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
Christopher Robert Bayley | Co-Founder | Leadership |
Kyle Keogh | Chief Business Officer | Leadership |
Stephania Parra | Associate Director, Partner Growth Manager | Leadership |
Rinky Gupta | Chief Financial Officer | Leadership |
Nathaniel Bailey | Associate Director, Client Solutions Engineering | Leadership |
Andrew Wright | Director Of Engineering | Leadership |
Alex Wayt | Head of Talent | Leadership |
Daniel Poole | VP Strategic Partnerships - Retail (EMEA) | Leadership |
Antoine Bohl | Associate Director, Business Development - EMEA | Leadership |
Taisa Silva | Partnerships Director | Leadership |
Jon Etty | Partner Growth Manager | Leadership |
Jennifer Aubert Parker | Chief Revenue Officer | Leadership |
Oliver Musty | Senior Partner Growth Manager | Leadership |
Nicole Maait | Executive Assistant To Founder & CEO | Leadership |
Kimberly Chau | Director, People Partners And Operations | Leadership |
⚡️Ashish Priyadarshi Sharma 😊 | Associate Director - Supplier Partnerships | Leadership |
Lizzie Wittenberg (Bader) | Senior Partner Growth Manager | Leadership |
157 more people are available in the full profile.
Complete people profiles for Cover Genius
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Cover Genius
Figures of Cover Genius India Private Limited, the primary company behind Cover Genius, for FY 2024. Revenue was ₹48.67 Cr (+563% year on year). Net loss was -₹1.94 Cr (-4% margin). EBITDA was -₹2.53 Cr (-5% margin).
- ₹48.67 CrRevenue · FY 2024 · +563% YoY
- -₹1.94 CrNet loss · -4% margin
- -₹2.53 CrEBITDA · -5% margin
- ₹1 LakhPaid-up capital
- 20Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Cover Genius India Private Limited are on its company page.
Detailed financial statements for Cover Genius
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Cover Genius
Cover Genius has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Booking Protect, Clyde and Friendsurance.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Digital insurance solutions for banks and insurers are provided. | friendsurance.com | Berlin, Germany | 2010 | Jul 2026 | •••• | |
Warranty management solutions are provided for insurance businesses. | joinclyde.com | New York, United States | 2017 | Mar 2023 | •••• | |
Ticket booking protection solutions are provided through a specialized platform. | bookingprotect.com | Yeadon, United Kingdom | 2014 | Jul 2022 | •••• |
Complete acquisition details for Cover Genius
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
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Verified entity values are shown only after access is granted.
Timeline of Cover Genius
7 dated milestones of Cover Genius across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Cover Genius is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Booking Protect.
- Acquisition Acquires Clyde.
- Funding Latest funding round, Series F, of $110.9M.
- Acquisition Acquires Friendsurance.
Web traffic of Cover Genius
The website of Cover Genius (covergenius.com) receives about 49.5K visits a month and ranks #405,385 among all websites worldwide, #1,033 in Accounting and Auditing.
- Monthly visits49.5K
▲ 5.1% vs previous month
- Unique visitors22.8K
per month
- Global rank#405,385
among all websites
- Category rank#1,033
Finance · Accounting and Auditing
- Bounce rate38%
- Pages per visit7.7
- Average visit1 min 07 sec
- DevicesDesktop 30% · Mobile 70%
Websites whose visitors overlap most with Cover Genius. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
insurancenewsnet.com | insurancenewsnet.com | 100% | #482,877 | – | |
itij.com | itij.com | 99% | #900,124 | – | |
insurance-edge.net | insurance-edge.net | 99% | #1,045,264 | – | |
| insurancethoughtleadership.com | 99% | 19.6K | #1,129,555 | View details | |
| x-claim.com | 99% | 14.4K | #1,655,457 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Cover Genius
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- 7 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as Cover Genius (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Related news about Cover Genius
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Frequently Asked Questions about Cover Genius
Cover Genius was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Cover Genius is headquartered in New York, United States. It is registered at New York, New York, United States.
Angus McDonald is the CEO of Cover Genius, as recorded in our data. They have also founded this company.
Cover Genius is a funded company, having raised a total of $354.55M across 8 funding rounds to date.
Cover Genius has 649 employees.
The primary company behind Cover Genius, Cover Genius India Private Limited, reported revenue of ₹48.67 Cr for FY 2024, up 563% year on year.
Provider of a software suite for the insurance industry. It offers products for insurance distribution and offers an insurance distribution platform for rental car companies, online car agencies, and OTAs to sell rental car insurance. It offers instant claims management and payments. It offers data analytics and a shake shield for parametric earthquake protection with automated payments to business customers. Its platform for insurance and warranties allows fintech, banks, issuers, neo banks, payments platforms, gateways, POS vendors, accounting and origination platforms, lenders of any stripe, merchants, auto dealers, and more to sell or embed personal and commercial insurance lines.
Cover Genius offers XCover, RentalCover, XClaim, and BrightWrite.
Cover Genius has made 3 acquisitions, including Booking Protect, Clyde, and Friendsurance.
Cover Genius has 16 investors. Key investors include Sompo Holdings, Regal Funds Management, Dawn Capital, Leo Capital, and Spark Capital.
The valuation of Cover Genius is $729M as of Sep 2021.
Cover Genius operates through Cover Genius India Private Limited.