New York based digital business insurance agency CoverWallet raised an $18.5m Series B led by Foundation Capital.
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Insurtech CoverWallet Secures $18.5 Million to Expand Small Business Insurance Platform
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.”
