SAN FRANCISCO, CA, Oct. 2, 2018 /PRNewswire/ - Cover, the mobile-first insurance platform, announced today that it closed a $16 million Series B round led by Tribe Capital with participation from Y Combinator, Social Capital, Exor and Samsung Ventures. The new round of funding will be used to scale the team and rapidly expand its insurance product offerings. Launched in 2016 via the Y Combinator startup accelerator, Cover's goal is to streamline the insurance buying process through user-friendly tech and expert advice. This round brings Cover's total funding to $27 million. "Cover is in a class of their own among insurtechs," said Arjun Sethi, Lead Investor and Partner at Tribe Capital. "They have clear product-market fit and the team has repeatedly proven that they can deliver the step function increase in the insurance experience consumers need and deserve."

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