• Covr Financial Technologies

  Participated · Series A · Sep 2018

  Covr offers a digital life insurance platform that lets users compare rates from carriers and purchase policies within minutes. The company provides its digital insurance solutions to financial institutions under their own brands and supports distribution through financial advisors and insurance producers. Covr serves over 25,000 financial advisors and more than 40 million customers across over 30 financial institutions. Led by CEO Michael Kalen, the company aggregates life insurance products from carriers and streamlines the purchasing experience. Covr plans to use new funding to continue building its digital insurance technology and to support a number of distribution partnerships. The platform focuses on improving the customer experience for banks and other financial institutions that distribute life insurance. Covr operates a digital platform that enables banks, credit unions and fintech apps to offer white-labeled life insurance integrated into their websites and distribution channels. Several insurers underwrite policies on the platform, including Americo, Banner Life, Bestow and Haven Life. Covr says it serves over 25,000 financial advisers and more than 20 million customers across 30+ financial institutions. The company launched LoanMatch Protector, a life insurance product for consumer and business loans, in January. Covr plans to use new funding to expand its provider partnerships and accelerate domestic and international growth, leveraging Sony’s distribution network. The company was founded in 2016 and is based in Hartford, Connecticut, and currently plans to grow headcount from about 90 to 110 employees by year-end. Its advisory board includes former and current executives from Credit Suisse, Citibank, Ellevest, Visa, Lending Club and Rockefeller Capital Management. Covr Financial Technologies offers a digital, multi-carrier life insurance platform that enables financial advisors and consumers to research and purchase affordable life insurance within minutes. The company provides both digital advisor and consumer platforms used by brokerage firms and consumer banks. Covr serves a customer base representing 20,000 financial advisors and over eight million consumers, and its roster includes firms such as Morgan Stanley, US Bank and SunTrust. Founded in 2012 and led by CEO Mike Kalen, the company is headquartered in Boise, Idaho and also has offices in Hartford and Austin. Covr has raised more than $20m in total funding to date and intends to use new funds to continue to innovate and support its client base. Covr Financial Technologies is a digital personal insurance platform that integrates personal insurance products from nearly twenty major insurers into financial institutions and financial advisers' channels. The platform offers education and training on insurance products, insurance-product marketing, and insurance-licensed telephone support. Led by CEO Bill Benjamin, Covr enables financial firms to deliver an integrated line of personal insurance products digitally to their customers. The company is based in Boise, Idaho, and also has a presence in New York and Minneapolis. Covr raised $5M in funding to support strategic growth and talent expansion, reflecting an active capital position as of the article.

• COVR

  Participated · Equity · Jun 2017

  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.

• Smart Vision Labs

  Participated · Series A · Jun 2015

  Smart Vision Labs develops the SVOne, a smartphone-based autorefractor that uses wavefront aberrometry to measure patients' refractive errors. Founded in 2013 by CEO Yaopeng Zhou and COO Marc Albanese, the company has deployed the SVOne in clinics and mobile screenings across 21 countries. Smart Vision Labs works with healthcare professionals to expand access to vision care both domestically and abroad. In June 2015 the company closed a $6.1M Series A funding round led by Techstars Ventures with participation from Heritage Group, Connectivity Capital and Red Sea Ventures. Ari Newman of Techstars Ventures joined the company's board in conjunction with the financing. The company plans to use the funds to scale SVOne production, develop additional products and services, and expand its team.

No current team members are available.