Covr Financial Technologies Overview

  • Year Founded
  • 2012

Year Founded

  • Status
  • Private

  • Employees
  • 92

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $12.7M

  • Investors
  • 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

Formerly Known As
1clickcoverage
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 401 West Front Street
  • Suite 500
  • Boise, ID 83702
  • United States
+1 (844)
Primary Industry
Financial Software
Other Industries
Business/Productivity Software
Insurance Brokers
Corporate Office
  • 401 West Front Street
  • Suite 500
  • Boise, ID 83702
  • United States
+1 (844)

Covr Financial Technologies Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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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
To view Covr Financial Technologies’s complete valuation and funding history, request access »

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%
To view Covr Financial Technologies’s complete cap table history, request access »

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Covr Financial Technologies Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a digital insurance brokerage platform designed to simplify the life insurance sales process for firms. The
Financial Software
Boise, ID
92 As of 2025

Dortmund, Germany
 

Morristown, NJ
 
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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
You’re viewing 5 of 34 competitors. Get the full list »

Covr Financial Technologies Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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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
You’re viewing 5 of 16 investors. Get the full list »

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
To view Covr Financial Technologies’s complete acquisitions history, request access »

Covr Financial Technologies FAQs

  • When was Covr Financial Technologies founded?

    Covr Financial Technologies was founded in 2012.

  • Where is Covr Financial Technologies headquartered?

    Covr Financial Technologies is headquartered in Boise, ID.

  • What is the size of Covr Financial Technologies?

    Covr Financial Technologies has 92 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 Covr Financial Technologies’s current revenue?

    The current revenue for Covr Financial Technologies is .

  • 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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