About Covr
Covr is a company based in Boise (United States) founded in 2013 by Todd Ruplinger. Covr has raised $30 million across 4 funding rounds from investors including Sony Innovation Fund, Stone Point Capital and Tribeca ESP. The company has 77 employees as of December 31, 2021. Covr has completed 1 acquisition, including Inforcepro. Covr offers products and services including Insurance Tools and Insurance Calculator. Covr operates in a competitive market with competitors including Optalitix, WatchTower, WeGroup, FairDee and Renaissance insurance, among others.
- Headquarter Boise, United States
- Employees 77 as on 31 Dec, 2021
- Founders Todd Ruplinger
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Covr Financial Technologies, Inc.
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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
$30 M (USD)
in 4 rounds
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Latest Funding Round
$15 M (USD), Series B
Apr 08, 2022
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Investors
Sony Innovation Fund
& 12 more
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Employee Count
77
as on Dec 31, 2021
- Investments & Acquisitions
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Products & Services of Covr
Covr offers a comprehensive portfolio of products and services, including Insurance Tools and Insurance Calculator.
Digital tools for simplifying life insurance purchases
Application to estimate insurance needs based on user data
People of Covr
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Funding Insights of Covr
Covr has successfully raised a total of $30M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in April 2022. 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 Covr
Covr has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Sony Innovation Fund, Stone Point Capital and Tribeca ESP.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm investing in global financial services sectors.
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Fintech, insurtech, deep tech startups are funded by Tribeca ESP.
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Investment in retail and financial services technologies.
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Investor details for Covr
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Investments & Acquisitions by Covr
Covr has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Inforcepro.
Investment portfolio details for Covr
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Web-based software for managing and auditing insurance policies is offered.
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Complete acquisition details for Covr
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- Transaction dates
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Financial Statements - Covr
Detailed financials for Covr
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- Profit trends
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Covr Comparisons
Peer comparison for Covr
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Competitors of Covr
Covr operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Optalitix, WatchTower, WeGroup, FairDee and Renaissance insurance, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
AI consulting and data analytics services are offered to businesses.
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Quoting software for insurance industry
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Insurance quoting software with virtual assistant features is provided.
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Provider of insurance quoting software
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Diversified insurance services are offered by Renaissance Insurance in Russia.
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Detailed competitors of Covr
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Latest news on Covr
Complete news archive for Covr
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Frequently Asked Questions about Covr
Covr was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Covr is headquartered in Boise, United States. It is registered at Boise, Idaho, United States.
Covr is a funded company, having raised a total of $30M across 4 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Covr is 77.
AI cloud-based insurance quoting solutions for the insurance industry. It offers solutions including Covr Consumer for protecting consumers of leading financial brands, quoting, comparison, sales more; Covr Advisor, a multi-carrier digital life, long-term care, disability, and annuity sales service platform for financial advisors insurance specialists; Covr Exchange to provide a digital book of business management system for financial institutions, dashboard reporting for institutional insurance programs, and more.
Covr's top competitors include Optalitix, WatchTower and WeGroup.
Covr offers Insurance Tools and Insurance Calculator.
Covr has made 1 acquisition, including Inforcepro.
Covr has 13 investors. Key investors include Sony Innovation Fund, Stone Point Capital, Tribeca ESP, Commerce Ventures, and Contour Venture Partners.