CoverGo Raises $6M for AI Insurance Platform
CoverGo raised $6 million in the initial close of a Series B1 funding round led by Betatron Venture Group, the company said in a press release. Existing and new investors also participated.
CoverGo will use the funding to develop its AI insurance platform and expand sales globally. Its software helps insurers automate distribution, policy servicing and claims, and add AI agents to their operations.
The company said revenue has increased tenfold since its Series A round in 2022, while it has reached EBITDA break even. CoverGo serves 25 institutional clients across 15 countries and has raised more than $30 million to date.
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