Covr is a Hartford-based, digital-first insurance technology company that simplifies the insurance journey for financial advisors and financial institutions. It offers life insurance, long-term care, disability income and supplemental insurance products through a choice-based, digitally enabled platform. The company says it supports over 25,000 financial advisors and 20 million customers of financial institutions. Founded in 2016, Covr has a team of 69 people. Its current financial position includes $28.3 million in total funding to date. Management plans to use enhanced AI, big data and predictive tools in its next series of innovations to improve customer journeys and product fit. Covr Financial Technologies operates a digital personal insurance platform that allows personal insurance shoppers to purchase coverage online. The company provides relevant education and training on insurance products alongside its purchasing flow. Its platform is distributed via financial institutions and their financial advisors. Founded in 2013 and formerly known as 1ClickCoverage, Covr focuses on simplifying the insurance buying process. The company announced a $5 million financing from Nyca Partners, Commerce Ventures, Connectivity Capital Partners and Contour Venture Partners. CEO Bill Benjamin cited the firm's access to executives from insurance, technology, marketing and financial industries as a competitive edge.

Total raised

$13M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2020