Qover, a Belgian insurtech specialising in embedded insurance orchestration, has picked up $30 million in Series C up-round funding. The round saw participation from a diverse group of investors, including Alven (which backed MyTraffic and Skarlett), Anthemis, Kreos Capital, and Zurich Global Ventures.
The funding will enable Qover to fuel expansion efforts, propel technology development, and facilitate strategic partnerships. The investment will also fuel the company’s growth trajectory, empower it to continue orchestrating innovative solutions, launch even more successful partnerships, and propel it closer to achieving profitability in its mission to create a global safety net that protects everyone, everywhere.
Qover’s latest funding announcement comes on the heels of a series of partnership news, further solidifying its position as a leading embedded insurance orchestrator.
“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,” said Quentin Colmant, CEO & Co-founder of 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.”
Modular embedded insurance orchestration platform
Co-founded by Quentin Colmant and Jean-Charles Velge in 2016 in Brussels, Qover is an insurtech that adds tailored cover to a company’s digital experience, enriching their value proposition and driving the user behaviours that fuel growth.
Qover’s embedded insurance orchestration enables any company to harness the power of technology to embed insurance as a native component of or add-on to their core product or service. With its platform, embedded insurance becomes a powerful tool for businesses to enrich their value proposition, enable their success and protect their communities.
Notably, Qover’s platform can integrate seamlessly with any insurer or broker. Its modular embedded insurance orchestration platform provides digital insurance experiences to over 2.5 million users across 32 European countries. Leading 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.