CoverGo raises $6M in first close of Series B1 led by Betatron Venture Group
CoverGo has raised $6 million in the first close of a Series B1 round led by Betatron Venture Group, bringing total funding to more than $30 million.
CoverGo has raised $6 million in the first close of a Series B1 round led by Betatron Venture Group, bringing total funding to more than $30 million. Returning and new investors took part, alongside international VC firms and strategic backers that were not named.
CoverGo is an AI-native insurtech platform for health, life and P&C insurers, led by Founder and CEO Tomas Holub. Its AI agents work across the insurance value chain, helping insurers modernise and eventually retire legacy core systems.
The company serves 25 institutional clients in 15 countries, including AXA, Bupa, Generali, Sun Life, Prudential, Blue Cross, MSIG and Marsh. Revenue has grown tenfold since its 2022 Series A and the company has reached EBITDA breakeven. The new money goes to AI-native product functionality and go-to-market.