Covr Financial Technologies Overview
- Year Founded
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2012
- Status
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Private
- Employees
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92
- Latest Deal Type
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Later Stage VC
- Latest Deal Amount
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$12.7M
- 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 | 15-Aug-2024 | $12.7M | Completed | Generating Revenue | ||
| 7. Accelerator/Incubator | 05-Dec-2022 | Completed | Generating Revenue | |||
| 6. Later Stage VC (Series B3) | 07-Apr-2022 | Completed | Generating Revenue | |||
| 5. Later Stage VC (Series B2) | 30-Jun-2021 | Completed | Generating Revenue | |||
| 4. Debt - PPP | 14-Apr-2020 | Completed | Generating Revenue | |||
| 3. Grant | 21-Oct-2019 | Completed | Generating Revenue | |||
| 2. Later Stage VC (Series A) | 27-Sep-2018 | $15M | $23M | 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 | ||||||||
| Series B-2 | ||||||||
| Series B-1 | ||||||||
| Series A-4 | ||||||||
| Series A-3 | ||||||||
| Series A-2 | ||||||||
| 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% |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Covr Financial Technologies Comparisons
Industry
Financing
Details
Covr Financial Technologies Competitors (34)
One of Covr Financial Technologies’s 34 competitors is ED Ensure Digital, a Private Equity-Backed company based in Dortmund, Germany.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| ED Ensure Digital | Private Equity-Backed | Dortmund, Germany | ||||
| Majesco | Private Equity-Backed | Morristown, NJ | ||||
| Clark | Venture Capital-Backed | Frankfurt, Germany | ||||
| Slice (New York) | Venture Capital-Backed | New York, NY | ||||
| Ethos (Insurance Brokers) | Venture Capital-Backed | Austin, TX |
Covr Financial Technologies Related Research & Analysis
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Majestic Referring Domains
Covr Financial Technologies Investors (16)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Neer Venture Partners | Venture Capital | Minority | ||
| Nassau Re/Imagine | Accelerator/Incubator | |||
| Angel (individual) | Minority | |||
| Angel (individual) | Minority | |||
| Stone Point Ventures | Venture Capital | Minority |
Covr Financial Technologies Acquisitions (1)
Covr Financial Technologies’s most recent deal was a Merger/Acquisition with InforcePRO. The deal was made on 20-Jul-2017.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| InforcePRO | 20-Jul-2017 | Merger/Acquisition | Business/Productivity Software |
Covr Financial Technologies FAQs
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When was Covr Financial Technologies founded?
Covr Financial Technologies was founded in 2012.
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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 92 total employees.
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What industry is Covr Financial Technologies in?
Covr Financial Technologies’s primary industry is Financial Software.
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Is Covr Financial Technologies a private or public company?
Covr Financial Technologies is a Private company.
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What is Covr Financial Technologies’s current revenue?
The current revenue for Covr Financial Technologies is .
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How much funding has Covr Financial Technologies raised over time?
Covr Financial Technologies has raised $66.5M.
-
Who are Covr Financial Technologies’s investors?
Neer Venture Partners, Nassau Re/Imagine, , , and Stone Point Ventures are 5 of 16 investors who have invested in Covr Financial Technologies.
-
Who are Covr Financial Technologies’s competitors?
ED Ensure Digital, Majesco, Clark, Slice (New York), and Ethos (Insurance Brokers) are some of the 34 competitors of Covr Financial Technologies.
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