Covr Financial Technologies, a Hartford, CT-based supplier of a digital life insurance coverage platform, raised $15M in sequence B funding.
The spherical was led by Stone Level Ventures, with participation from IVG, Aflac Ventures, Allianz Life Ventures, Connecticut Improvements, Fairview Capital, Contour Enterprise Companions, Commerce Ventures, and Tribeca Early Stage Companions.
The corporate intends to make use of the funds to proceed to construct digital insurance coverage know-how and assist plenty of distribution partnerships, monetary advisors and insurance coverage producers.
Led by Michael Kalen, CEO, Covr provides life insurance coverage merchandise from insurance coverage carriers, a straightforward technique to examine charges, and the flexibility to buy insurance policies inside minutes. By means of its digital insurance coverage options, the corporate helps monetary establishments ship an improved expertise underneath the model their prospects already belief.
Covr at the moment serves over 25,000 monetary advisors and over 40 million prospects throughout over 30 monetary establishments.