About Cover Whale
Cover Whale is a company based in Rancho Santa Margarita (United States) founded in 2019 by Daniel Abrahamsen. Cover Whale has raised $83 million across 4 funding rounds from investors including Morgan Stanley, Ambac Financial Group and TigerRisk Partners. Cover Whale offers products and services including Commercial Auto Insurance, Driver Safety Program, and Quoting Platform.
- Headquarter Rancho Santa Margarita, United States
- Founders Daniel Abrahamsen
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$83 M (USD)
in 4 rounds
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Latest Funding Round
$40 M (USD), Series A
Jul 28, 2025
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Investors
Morgan Stanley
& 2 more
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Employee Count
Not available
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Products & Services of Cover Whale
Cover Whale offers a comprehensive portfolio of products and services, including Commercial Auto Insurance, Driver Safety Program, and Quoting Platform.
Provides liability and cargo coverage for trucking risks.
AI-driven coaching to reduce unsafe driving actions.
Offers instant policy quotes for insurance agents.
People of Cover Whale
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Funding Insights of Cover Whale
Cover Whale has successfully raised a total of $83M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $40 million completed in July 2025. 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.
Investors in Cover Whale
Cover Whale has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Morgan Stanley, Ambac Financial Group and TigerRisk Partners.
| Investor | Description | Founded Year | Domain | Location |
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Wealth management, investment advisory, and financial services are provided.
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Diversified investment management services are provided to institutional clients.
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Reinsurance brokerage and risk advisory services are provided globally.
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Investor details for Cover Whale
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Investments & Acquisitions by Cover Whale
Investment portfolio details for Cover Whale
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Financial Statements - Cover Whale
Detailed financials for Cover Whale
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Cover Whale Comparisons
Peer comparison for Cover Whale
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Competitors of Cover Whale
Detailed competitors of Cover Whale
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Latest news on Cover Whale
Complete news archive for Cover Whale
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Frequently Asked Questions about Cover Whale
Cover Whale was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Cover Whale is headquartered in Rancho Santa Margarita, United States. It is registered at Rancho Santa Margarita, California, United States.
Daniel Abrahamsen is the current CEO of Cover Whale. They have also founded this company.
Cover Whale is a funded company, having raised a total of $83M across 4 funding rounds to date.
Cover Whale was established in 2019 in Rancho Santa Margarita, United States, within the insurance sector. Coverage for commercial trucks is offered to wholesale and retail clients, focusing on risk management in transportation. Operations center on delivering tailored insurance solutions to address industry-specific needs. The company is led by Founder and CEO Daniel Abrahamsen, alongside Chief Operating Officer Darryl Siry, with services accessible via coverwhale.com.
Cover Whale offers Commercial Auto Insurance, Driver Safety Program, and Quoting Platform.
Cover Whale has 3 investors. Key investors include Morgan Stanley, Ambac Financial Group, and TigerRisk Partners.