About Upcover
Upcover is a company based in Sydney (Australia) founded in 2019 by Skye Theodorou and Anish Sinha.. Upcover has raised $13.8 million across 5 funding rounds from investors including Marshall Investments, RealVC and Antler. Upcover offers products and services including Public & Products Liability Insurance, Professional Indemnity Insurance, Cyber & Privacy Liability Insurance, and Management Liability Insurance.
- Headquarter Sydney, Australia
- Founders Skye Theodorou, Anish Sinha
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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 Upcover Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.8 M (USD)
in 5 rounds
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Latest Funding Round
$11 M (USD), Series A
Feb 10, 2025
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Investors
Marshall Investments
& 6 more
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Employee Count
Employee Count
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Products & Services of Upcover
Upcover offers a comprehensive portfolio of products and services, including Public & Products Liability Insurance, Professional Indemnity Insurance, Cyber & Privacy Liability Insurance, and Management Liability Insurance. 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.
Covers third-party injuries and property damage for businesses.
Protects against claims of negligence or misconduct in services.
Handles costs from cyber incidents and data breaches.
Covers risks for business management and associations.
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Funding Insights of Upcover
Upcover has successfully raised a total of $13.8M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $11 million completed in February 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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $11.0M
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First Round
First Round
(13 Aug 2019)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Debt – Conventional - Upcover | Valuation |
investors |
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| Feb, 2025 | Amount | Series A - Upcover | Valuation | RealVC | |
| Jul, 2022 | Amount | Seed - Upcover | Valuation |
investors |
| 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 Upcover
Upcover has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Marshall Investments, RealVC and Antler. 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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A private investment company focused on wealth accumulation.
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Founded Year | Domain | Location | |
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Early-stage funding is provided by RealVC for technology startups.
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Founded Year | Domain | Location | |
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Early-stage investing and founder support services are offered globally by Antler.
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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 Upcover
| 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 - Upcover
| 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 |
Upcover Comparisons
Competitors of Upcover
| 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 Upcover
Frequently Asked Questions about Upcover
When was Upcover founded?
Upcover was founded in 2019.
Where is Upcover located?
Upcover is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of Upcover?
Skye Theodorou is the current CEO of Upcover. They have also founded this company.
Is Upcover a funded company?
Upcover is a funded company, having raised a total of $13.8M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2.7M, raised on Aug 13, 2019.
What does Upcover do?
Upcover was founded in 2019 in Sydney, Australia, as an online platform in the insurance sector. Comparisons are provided for business insurance products, including products liability, professional indemnity, and property damage coverage. Solutions are tailored for small businesses, startups, freelancers, online businesses, and associations. Claims assistance is also offered to support users in the process.
What products or services does Upcover offer?
Upcover offers Public & Products Liability Insurance, Professional Indemnity Insurance, Cyber & Privacy Liability Insurance, and Management Liability Insurance.
Who are Upcover's investors?
Upcover has 7 investors. Key investors include Marshall Investments, RealVC, Antler, Gandel Invest, and BetterLabs.
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