About COVU
COVU is a company based in Redwood City (United States) founded in 2004 by Ali Safavi. COVU has raised $48.5 million across 7 funding rounds from investors including Benhamou Global Ventures, True Global Ventures and ManchesterStory Group. COVU has completed 3 acquisitions, including C 3Ins, Lords Insurance and Unoins. COVU offers products and services including COVU Platform, Licensed Agents Service, and Book Management Advisory. COVU operates in a competitive market with competitors including Wefox, Keystone Agency Partners, Agentero, Zywave and Stubben Edge, among others.
- Headquarter Redwood City, United States
- Founders Ali Safavi
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Covu, Inc.
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$48.5 M (USD)
in 7 rounds
-
Latest Funding Round
$16 M (USD), Series B
Aug 28, 2025
-
Investors
Benhamou Global Ventures
& 4 more
-
Employee Count
Not available
-
Investments & Acquisitions
C 3Ins
& 2 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of COVU
COVU offers a comprehensive portfolio of products and services, including COVU Platform, Licensed Agents Service, and Book Management Advisory.
AI-powered tool for automating insurance agency tasks and operations
Provides U.S.-based agents for book management and customer servicing
Offers guidance on scaling agency operations and revenue streams
People of COVU
Unlock access to complete
Funding Insights of COVU
COVU has successfully raised a total of $48.5M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $16 million completed in August 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 COVU
COVU has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Benhamou Global Ventures, True Global Ventures and ManchesterStory Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
A global venture capital firm focused on technology investments.
|
Locked | Locked | Locked | |
|
Venture capital firm investing in AI and cross-border enterprise startups from Silicon Valley.
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked |
Investor details for COVU
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by COVU
COVU has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include C 3Ins, Lords Insurance and Unoins.
Investment portfolio details for COVU
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Unoins was established in 2016 within the United States.
|
Locked | Locked | 2016 | Locked | |
|
Insurance coverage is offered by Lords Insurance since 1999.
|
Locked | Locked | 1999 | Locked | |
|
Business and personal insurance plus credit services are provided.
|
Locked | Locked | 0 | Locked |
Complete acquisition details for COVU
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - COVU
Detailed financials for COVU
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Covu Comparisons
Peer comparison for COVU
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of COVU
COVU 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 Wefox, Keystone Agency Partners, Agentero, Zywave and Stubben Edge, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
App-based P&C insurance comparison platform for individuals
|
|
| Locked | Locked | Locked |
Insurance agency management solutions are provided to the industry.
|
|
| Locked | Locked | Locked |
App-based management solutions for insurance agents are offered.
|
|
| Locked | Locked | Locked |
Cloud-based agency management solutions are provided for the insurance industry.
|
|
| Locked | Locked | Locked |
Cloud-based management solutions are provided for insurance brokers.
|
|
| Locked | Locked | Locked |
SME insurance portfolios are managed via an online broker platform.
|
Detailed competitors of COVU
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Covu
Complete news archive for COVU
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about COVU
COVU was founded in 2004 and raised its 1st funding round 15 years after it was founded.
COVU is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Ali Safavi is the current CEO of COVU. They have also founded this company.
COVU is a funded company, having raised a total of $48.5M across 7 funding rounds to date.
COVU was founded in 2004 in Redwood City, United States, within the insurance technology sector. Agency management solutions are delivered, including a real-time customer self-service application for policy handling. Renewals and new coverage purchases are facilitated through integrated AI and sales processes. Remote monitoring and operational management tools are made available to intermediaries for efficient oversight of their agencies.
COVU's top competitors include Wefox, Stubben Edge and Agentero.
COVU offers COVU Platform, Licensed Agents Service, and Book Management Advisory.
COVU has made 3 acquisitions, including C 3Ins, Lords Insurance, and Unoins.
COVU has 5 investors. Key investors include Benhamou Global Ventures, True Global Ventures, ManchesterStory Group, Markd, and UpHonest Capital.