Covr Financial Technologies Overview
- Year Founded
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2012
- Status
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Private
- Employees
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104
- Latest Deal Type
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Later Stage VC
- Latest Deal Amount
-
$7.99M
- Investors
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16
Covr Financial Technologies General Information
Description
Developer of a digital insurance brokerage platform designed to simplify the life insurance sales process for firms. The company's platform connects personal products from major insurers to financial institutions and financial advisers and digitally delivers an integrated line of products to their customers with education and training on those products and other products like insurance-product marketing and licensed telephone aid, enabling financial institutions, financial advisors and their customers to mediate the sales process online within minutes.
Contact Information
Website
www.covrtech.comCorporate Office
- 401 West Front Street
- Suite 500
- Boise, ID 83702
- United States
Corporate Office
- 401 West Front Street
- Suite 500
- Boise, ID 83702
- United States
Covr Financial Technologies Timeline
Covr Financial Technologies Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 8. Later Stage VC | 13-Mar-2024 | $7.99M | 000.00 | 0000 | Completed | Generating Revenue |
| 7. Accelerator/Incubator | 05-Dec-2022 | 000.00 | Completed | Generating Revenue | ||
| 6. Later Stage VC (Series B3) | 07-Apr-2022 | 0000 | 000.00 | 00000 | Completed | Generating Revenue |
| 5. Later Stage VC (Series B2) | 30-Jun-2021 | 000.00 | 000.00 | 000.00 | Completed | Generating Revenue |
| 4. Debt - PPP | 14-Apr-2020 | 00.000 | 0000 | Completed | Generating Revenue | |
| 3. Grant | 21-Oct-2019 | 00000 | 0000 | Completed | Generating Revenue | |
| 2. Later Stage VC (Series A) | 27-Sep-2018 | $15M | $23M | 0000 | Completed | Generating Revenue |
| 1. Later Stage VC | 01-Jun-2017 | $8M | $8M | Completed | Generating Revenue |
Covr Financial Technologies Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series B-3 | 0,000,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 00.00 |
| Series B-2 | 0,000,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 0.000 |
| Series B-1 | 0,000,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
| Series A-4 | 000,000 | 00.000000 | 00 | 00 | 00 | 00 | 00 | 0.000 |
| Series A-3 | 0,000,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
| Series A-2 | 0,000,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 0.000 |
| Series A-1 | 4,373,552 | $0.000100 | 5% | $2.67 | $2.67 | 1x | $2.67 | 13.96% |
| Series A | 1,815,000 | $0.000100 | 5% | $1 | $1 | 1x | $1 | 5.79% |
Covr Financial Technologies Comparisons
Industry
Financing
Details
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Covr Financial Technologies Competitors (33)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Virado | Private Equity-Backed | Dortmund, Germany | 00 | 000000000000 | ||
| Clark | Venture Capital-Backed | Frankfurt, Germany | 000 | 00000 | 000000 - 000 | 00000 |
| Ethos (Insurance Brokers) | Venture Capital-Backed | Austin, TX | 000 | 00000 | 0000000000 0 | 00000 |
| Majesco | Private Equity-Backed | Morristown, NJ | 0000 | 00000 | 000000000 00 | 00000 |
| Getsafe | Venture Capital-Backed | Heidelberg, Germany | 000 | 00000 | 00000000000 | 00000 |
Covr Financial Technologies Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
Covr Financial Technologies Executive Team (22)
| Name | Title | Board Seat |
|---|---|---|
| Michael Kalen | Chief Executive Officer & Board Member | |
| Alicia Noyes | Chief Financial Officer & Head of HR | |
| Brandon Leung | Chief Technology Officer | |
| Matthew Herz | Chief Marketing Officer | |
| Todd Ruplinger | Founder & Vice Chairman |
Covr Financial Technologies Board Members (7)
| Name | Representing | Role | Since |
|---|---|---|---|
| Alan Mattamana | Self | Board Observer | 000 0000 |
| Amy Salerno | Self | Board Member | 000 0000 |
| Brian Finn | Nyca Partners | Chairman | 000 0000 |
| Chris Growney | Nyca Partners | Board Member & Advisor | 000 0000 |
| Michael Kalen | Covr Financial Technologies | Chief Executive Officer & Board Member | 000 0000 |
Covr Financial Technologies Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
Covr Financial Technologies Investors (16)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Neer Venture Partners | Venture Capital | Minority | 000 0000 | 000000 0 |
| Nassau Re/Imagine | Accelerator/Incubator | 000 0000 | 000000 0 | |
| Andrew Bursky | Angel (individual) | Minority | 000 0000 | 000000 0 |
| Brad Liebmann | Angel (individual) | Minority | 000 0000 | 000000 0 |
| Stone Point Ventures | Venture Capital | Minority | 000 0000 | 000000 0 |
Covr Financial Technologies Acquisitions (1)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| InforcePRO | 20-Jul-2017 | 0000000000 | Business/Productivity Software |
Covr Financial Technologies FAQs
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When was Covr Financial Technologies founded?
Covr Financial Technologies was founded in 2012.
-
Who is the founder of Covr Financial Technologies?
Todd Ruplinger and John Clifford are the founders of Covr Financial Technologies.
-
Who is the CEO of Covr Financial Technologies?
Michael Kalen is the CEO of Covr Financial Technologies.
-
Where is Covr Financial Technologies headquartered?
Covr Financial Technologies is headquartered in Boise, ID.
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What is the size of Covr Financial Technologies?
Covr Financial Technologies has 104 total employees.
-
What industry is Covr Financial Technologies in?
Covr Financial Technologies’s primary industry is Financial Software.
-
Is Covr Financial Technologies a private or public company?
Covr Financial Technologies is a Private company.
-
What is the current valuation of Covr Financial Technologies?
The current valuation of Covr Financial Technologies is 0000.
-
What is Covr Financial Technologies’s current revenue?
The current revenue for Covr Financial Technologies is 000000.
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How much funding has Covr Financial Technologies raised over time?
Covr Financial Technologies has raised $61.8M.
-
Who are Covr Financial Technologies’s investors?
Neer Venture Partners, Nassau Re/Imagine, Andrew Bursky, Brad Liebmann, and Stone Point Ventures are 5 of 16 investors who have invested in Covr Financial Technologies.
-
Who are Covr Financial Technologies’s competitors?
Virado, Clark, Ethos (Insurance Brokers), Majesco, and Getsafe are some of the 33 competitors of Covr Financial Technologies.
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