Qover Secures $30M in Series C Up-Round Funding

The company says that the investment will fuel growth, empower it to continue orchestrating innovative solutions, launch more partnerships and edge closer to profitability.

(Qover management team. Source: Qover.)

Qover, a Brussels-based InsurTech specializing in embedded insurance orchestration, announced that it has closed a $30 million Series C up-round funding. The company says that the investment will fuel growth, empower it to continue orchestrating innovative solutions, launch more partnerships and propel it closer to achieving profitability in its mission to create a global safety net that protects everyone, everywhere.

Jack Howell, CEO, Zurich Global Ventures.

The Series C up-round funding saw participation from several, investors, including Zurich Global Ventures, Alven, Anthemis, Kreos Capital and . A Qover statement says the funding will enable the company to fuel expansion efforts, propel technology development and facilitate strategic partnerships.

“What makes Qover stand out for me is its deep understanding of what customers are looking for: a way to make getting insurance as simple and convenient as possible,”‍ comments Jack Howell, CEO, Zurich Global Ventures. “The combination of its know-how about embedded insurance, our long-standing expertise and global footprint is a win-win for our distribution partners and customers.”

Founded in 2016, with the vision to simplify the future of insurance, Qover’s technology-enabled distribution platform powers global cover through a single integration, making it possible for businesses to quickly and easily integrate tailored insurance products to digital experiences in a centralized way. Today, Qover operates in 32 European markets.

Commitment to Transforming Insurance Experiences

Quentin Colmant, Co-Founder and CEO, Qover.

“We are thrilled to announce the completion of our Series C funding round, which brings us one step closer to achieving our growth and profitability goals,” comments Quentin Colmant, co-founder and CEO, Qover. “Our commitment to transforming insurance experiences has been unwavering. Our ability to navigate and quickly adapt to the changing tech landscape has been instrumental in attracting top-tier clients and investors. We are incredibly proud of what our team has accomplished. With their resilience as our driving force, we’re excited about the opportunities that lie ahead as we continue to push boundaries and shape the future of insurance.”‍

Qover’s latest funding announcement comes after several partnership announcements, which the company says further solidifies its position as a leading embedded insurance orchestrator. Qover says that, because its platform can integrate seamlessly with any insurer or broker, it fosters valuable collaborations with key brands. Companies such as Revolut, Qonto, Monzo, ING, Monese, Fisker, Nio, Volta Trucks, Niu, Lucid and many more have chosen Qover as their embedded insurance orchestration platform, the vendor reports.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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