The round was led by investors such as Alven, Anthemis, Kreos Capital, and Zurich Global Ventures, and the funds raised will support Qover’s expansion efforts and technological developments, as well as the facilitation of its strategic partnerships.
The company, which specialises in embedded insurance through its flagship application program interface (API), also announced last week that it will enter a strategic partnership with investor Zurich Global Ventures.
Qover is also supporting Zurich’s partnership with digital bank Monzo to offer travel insurance products to the bank’s customers.
“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 Qover CEO and Co-founder Quentin Colmant. “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.”