About iCover
iCover is a company based in Chesterfield (United States) founded in 2018.. iCover has raised $5 million across 2 funding rounds from investors including Kesan Parasuraman. The company has 1 employees as of December 31, 2022. iCover offers products and services including E-App, Algorithmic Underwriting, and iCover Direct. iCover operates in a competitive market with competitors including Bimaplan, Ametros, Premier Healthcare Exchange, Vitech and InsPro Technologies, among others.
- Headquarter Chesterfield, United States
- Employees 1 as on 31 Dec, 2022
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$5 M (USD)
in 2 rounds
-
Latest Funding Round
$5 M (USD), Seed
Aug 31, 2022
-
Investors
-
Employee Count
1
as on Dec 31, 2022
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 iCover
iCover offers a comprehensive portfolio of products and services, including E-App, Algorithmic Underwriting, and iCover Direct. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for fast electronic life insurance applications
AI tool for quick insurance risk evaluation and pricing
Marketplace for life-health-wellness products and services
Unlock access to complete
Funding Insights of iCover
iCover has successfully raised a total of $5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $5 million completed in August 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $5.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Seed - iCover | Valuation | Kesan Parasuraman |
|
| Aug, 2021 | Amount | Seed - iCover | Valuation | Kesan Parasuraman |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iCover
iCover has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Kesan Parasuraman. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
KP
Kesan Parasuraman |
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by iCover
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - iCover
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Icover Comparisons
Competitors of iCover
iCover 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 Bimaplan, Ametros, Premier Healthcare Exchange, Vitech and InsPro Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple insurance policies are enabled through a digital platform.
|
|
| domain | founded_year | HQ Location |
Provider of medical funds management and settlement services
|
|
| domain | founded_year | HQ Location |
Health insurance claims, networks, and payments are managed through software.
|
|
| domain | founded_year | HQ Location |
Administration software for insurance, retirement, and investments is offered.
|
|
| domain | founded_year | HQ Location |
Provider of an insurance policy administration software for payers
|
|
| domain | founded_year | HQ Location |
Provides life and health policy administration solutions.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Icover
Frequently Asked Questions about iCover
When was iCover founded?
iCover was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is iCover located?
iCover is headquartered in Chesterfield, United States. It is registered at Chesterfield, Missouri, United States.
Is iCover a funded company?
iCover is a funded company, having raised a total of $5M across 2 funding rounds to date.
How many employees does iCover have?
As of Dec 31, 2022, the latest employee count at iCover is 1.
What does iCover do?
iCover was founded in 2018 and is based in Chesterfield, United States. An online platform is provided for life insurance policy administration, targeting insurers and brokers. Services include underwriting, policy issuance, and risk assessment. Blockchain technology is utilized to ensure data security within the insurance technology sector. Operations focus on streamlining administrative processes for life insurance providers.
Who are the top competitors of iCover?
What products or services does iCover offer?
iCover offers E-App, Algorithmic Underwriting, and iCover Direct.
Who are iCover's investors?
iCover has 1 investor. Key investors include Kesan Parasuraman.