Cover Genius, an insurance firm specializing in embedded protection, has secured a remarkable $80 million in Series E funding led by Spark Capital, alongside existing investors Dawn Capital, King River Capital, and G Squared. This funding follows a year of significant growth for the company, which saw a staggering 107% year-on-year increase and 145% Net Revenue Retention, partnering with major digital businesses like Uber, Ryanair, and eBay. The new capital will be used to advance Cover Genius‘ technology, particularly in digital insurance distribution and AI claims handling, further solidifying its position in the insurance industry. These achievements are a testament to the company’s vision and execution, leaving the audience impressed by its growth trajectory.

Cover Genius Closes $80M in Series E Funding as Investors See $700 Billion Opportunity in Embedded Protection