Inaki Berenguer, co-founder and CEO of CoverWallet, welcomed Foundation Capital and Moldow to the company. “They share our assessment of the insurance industry as being inefficient and unloved by customers. Not a recipe for success,” Berenguer said. “Today, there exists a unique opportunity to reinvent it by focusing on the CoverWallet principles of simplification and transparency, leveraging analytics, and, ultimately reducing friction. We are on a mission to use technology to democratize hassle-free access to business insurance.”

http://www.insurancejournal.com/news/national/2017/10/12/467273.htm