About Qover
Qover is a company based in Brussels (Belgium) founded in 2016 by Quentin Colmant and Jean Charles Velge.. Qover has raised $71.67 million across 5 funding rounds from investors including Zurich, Portage and Kreos Capital. The company has 92 employees as of December 31, 2022. Qover offers products and services including Managed Tech Platform, API & Integration, Claims Management, and Customer Care. Qover operates in a competitive market with competitors including Zopper, Bolttech, Cover Genius, Open and Lami, among others.
- Headquarter Brussels, Belgium
- Employees 92 as on 31 Dec, 2022
- Founders Quentin Colmant, Jean Charles Velge
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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
*********
- Legal Name Qover
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Annual Revenue
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Net Profit
$-5.88 M (USD)-44as on Dec 31, 2021
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EBITDA
$-5.87 M (USD)-43as on Dec 31, 2021
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Total Equity Funding
$71.67 M (USD)
in 5 rounds
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Latest Funding Round
$30 M (USD), Series C
Jul 06, 2023
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Investors
Zurich
& 8 more
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Employee Count
92
as on Dec 31, 2022
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Products & Services of Qover
Qover offers a comprehensive portfolio of products and services, including Managed Tech Platform, API & Integration, Claims Management, and Customer Care. 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 embedding insurance into business digital experiences.
APIs to embed insurance services into user interfaces.
System for digital claims processing and quick payouts.
Multilingual support for insurance user queries.
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Funding Insights of Qover
Qover has successfully raised a total of $71.67M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $30 million completed in July 2023. 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 5
- Last Round Series C — $30.0M
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First Round
First Round
(01 Apr 2016)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series C - Qover | Valuation | Anthemis Group , Alven |
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| Apr, 2021 | Amount | Series B - Qover | Valuation | Prime Ventures | |
| Jun, 2019 | Amount | Series B - Qover | Valuation | Alven |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Qover
Qover has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Zurich, Portage and Kreos Capital. 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 |
|---|---|---|---|---|
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Early and growth-stage startups are funded by Anthemis Group.
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Founded Year | Domain | Location | |
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Early-stage investments are targeted by Alven, a venture capital firm.
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Founded Year | Domain | Location | |
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Venture debt is provided to growth-stage companies across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Qover
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Qover
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Qover Comparisons
Competitors of Qover
Qover 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 Zopper, Bolttech, Cover Genius, Open and Lami, 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 |
API-enabled insurance distribution platform is provided for B2C companies.
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| domain | founded_year | HQ Location |
Insurance solutions are connected for businesses and individuals through partnerships.
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| domain | founded_year | HQ Location |
Software suite for insurance distribution and management is provided.
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| domain | founded_year | HQ Location |
AI-based software suite is offered for insurance industry operations.
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| domain | founded_year | HQ Location |
A software suite is provided for insurers and underwriters.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Qover
Frequently Asked Questions about Qover
When was Qover founded?
Qover was founded in 2016.
Where is Qover located?
Qover is headquartered in Brussels, Belgium. It is registered at Brussels, Brussels-capital Region, Belgium.
Who is the current CEO of Qover?
Quentin Colmant is the current CEO of Qover. They have also founded this company.
Is Qover a funded company?
Qover is a funded company, having raised a total of $71.67M across 5 funding rounds to date. The company's 1st funding round was a Series B of $9.11M, raised on Apr 01, 2016.
How many employees does Qover have?
As of Dec 31, 2022, the latest employee count at Qover is 92.
What does Qover do?
Founded in 2016 in Brussels, Belgium, operations are focused on the insurance software sector. A suite of tools is provided to support the design, development, and distribution of digital insurance products. Coverage options are enabled for areas such as bike, travel, tenant, purchase, and ticket cancellation insurances. Assistance is given to expanding companies within the industry through these integrated solutions.
Who are the top competitors of Qover?
Qover's top competitors include Zopper, Cover Genius and Bolttech.
What products or services does Qover offer?
Qover offers Managed Tech Platform, API & Integration, Claims Management, and Customer Care.
Who are Qover's investors?
Qover has 9 investors. Key investors include Zurich, Portage, Kreos Capital, Anthemis Group, and Alven.
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