About Upcover
Upcover is a Financial Services company based in Sydney (Australia) founded in 2019 by Skye Theodorou and Anish Sinha. Business insurance is compared online for small enterprises and freelancers. Upcover has raised $13.8 million across 5 funding rounds from investors including Marshall Investments, RealVC and Antler. Its chief executive, as recorded, is Skye Theodorou. Its website upcover.com draws about 17 thousand monthly visits. Upcover offers products and services including Public & Products Liability Insurance, Professional Indemnity Insurance, Cyber & Privacy Liability Insurance, and Management Liability Insurance. Its focus areas include FinTech, Internet First Insurance Platforms, Internet First Insurers and Diversified. Its legal entity is upcover Pty Ltd.
Company details
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.
- Headquarters Sydney, Australia
- Founders Skye Theodorou, Anish Sinha
- SectorsFinancial Services
- Email••••••••
- Website upcover.com
- Social LinkedIn X Facebook Instagram
- Legal Name Upcover Pty Ltd
- Total Equity Funding$13.8M (USD)
in 5 rounds
- Latest Funding Round$11M (USD), Series A
Feb 2025
- InvestorsMarshall Investments
& 6 more
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.
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.
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 $13.8M
- Total Rounds 5
- Last Round Series A — $11M
- First Round $100,000
(Aug 2019)
- Investors Count 7
All 5 funding rounds of Upcover with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
7 investors in total: 6 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A private investment company focused on wealth accumulation. | marshall.com.au | Sydney, Australia | ||
Early-stage funding is provided by RealVC for technology startups. | realvc.com | Melbourne, Australia | ||
Early-stage investing and founder support services are offered globally by Antler. | 2018 | antler.co | ||
Investments are made in web3, travel, and sports tech startups. | gandelinvest.com | South Yarra, Australia | ||
| betterlabventures.com.au | ||||
A venture fund and studio based in Perth, Australia. | betterlabsventures.com.au | Perth, Australia | ||
CM Colin Morgan | Indian angel investor focusing on early-stage startups in tech and innovation. | unknown_009614cd853649a8a |
Investor details for Upcover
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Upcover
15 people are tracked at Upcover (4 in leadership, 11 in team).
| Name | Role | Group |
|---|---|---|
Skye Theodorou | Co-Founder & CEO | Leadership |
Anish Sinha | Co-Founder | Leadership |
Sajjad Naveed | Co-Founder & CTO | Leadership |
Tanvi Gaikwad | Chief Of Staff | Leadership |
Maxwell Judson | Customer Success Specialist | Team |
Maleeha Imtiaz | Product Specialist | Team |
Hassan Zahid | Software Engineer | Team |
Aadway Sinha | Software Engineer | Team |
Junaid Nadeem | Software Engineer | Team |
Mostafa Honarmandjavan | Senior Software Engineer | Team |
Egbe Cornelius | UI & UX Designer | Team |
Gitanjali Rajadhyaksha | Customer Success Specialist | Team |
Chandni Hingorani | Customer Success Specialist | Team |
Matteo Pinna | Product Operations Specialist | Team |
Elvis Presley | Customer Success Specialist | Team |
Complete people profiles for Upcover
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Upcover
3 dated milestones of Upcover across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Upcover is founded.
- Funding First funding round of $100K.
- Funding Latest funding round, Series A, of $11.0M.
Web traffic of Upcover
The website of Upcover (upcover.com) receives about 17.1K visits a month.
- Monthly visits17.1K
▲ 10.8% vs previous month
Websites whose visitors overlap most with Upcover. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| thriday.com.au | 100% | 44.4K | #581,507 | View details | |
| businessnewsdaily.com | 94% | 339K | #176,370 | View details | |
| zoom2u.com.au | 69% | 14.5K | #1,660,044 | View details | |
| bizcover.com.au | 35% | 156K | #253,235 | View details | |
symcorp.com.au | symcorp.com.au | 30% | #3,969,550 | – |
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Frequently Asked Questions about Upcover
Upcover was founded in 2019.
Upcover is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Skye Theodorou is the CEO of Upcover, as recorded in our data. They have also founded this 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 $100K, raised on Aug 2019.
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.
Upcover offers Public & Products Liability Insurance, Professional Indemnity Insurance, Cyber & Privacy Liability Insurance, and Management Liability Insurance.
Upcover has 7 investors. Key investors include Marshall Investments, RealVC, Antler, Gandel Invest, and BetterLabs.
Upcover operates through Upcover Pty Ltd.