Belgium based insuretech startup Qover has raised €5.5m in Series A funding led by Anthemis. Qover provides digital insurance APIs to help build digital insurance products.
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Qover raises €5.5m Series A
With its new funding, the company is expanding its first product, GAP motor coverage, beyond Belgium and will open a London office. It is currently in a partnership with Munich Re and has coverholder status with Lloyd’s of London. “Armed with this funding, partnerships with two of the world’s leading risk carriers, and a product already in market, the Qover team has big plans for 2017 and beyond,” said cofounder Jean-Charles Velge. “Anthemis are strong believers of the notion of embedded insurance and fully support Qover’s ambitious vision of an API-driven insurance industry,” added Yann Ranchere, partner at lead investor Anthemis. Qover previously raised €1.5 million in a seed round last year from BelCube and Callatay & Wouters.
