SAN FRANCISCO: COVU Inc., a leader in AI-native services for insurance agencies, today announced the successful completion of $12.5 million in equity and debt financing, as part of the first tranche of its Series A funding round.
This brings total funding to date to over $20 million.
The funding round attracted investment from prominent investors including Benhamou Global Ventures, ManchesterStory, and Markd, with participation from existing and new investors, showing strong backing and support.
This funding signals a new chapter for insurance agencies seeking to elevate their services.
With an additional $4 million in debt and equity financing to be unlocked upon reaching key milestones, COVU is committed to helping agency partners overcome operational challenges and strengthen customer relationships.
COVU’s mission is to combine cutting-edge AI technology with human support, creating a seamless customer experience that will revolutionize the insurance sector.
This fresh capital will fuel the expansion of COVU’s operations, drive further innovation on its platform, and accelerate growth across key markets.
“We are committed to providing insurance agencies with AI-native solutions that enhance both efficiency and trust, and now we are thrilled to partner with investors who understand the disruptive potential of AI in transforming the insurance industry,” said Ali Safavi, Co-Founder and CEO of COVU.
“This funding enables us to double down on our investment in AI-native services and to help our agency partners scale, optimize their operations, and deliver the superior customer experiences their clients expect.”
COVU is redefining how agencies manage client relationships by combining AI technology with human insights.
This approach not only improves operational efficiency but also ensures personalized service for end customers — boosting retention, growing revenues, and fostering trust in the increasingly competitive insurance market.
The funding will enable COVU to further enhance its platform, offering agencies more tools to streamline workflows, improve customer service, and scale their businesses with confidence.
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