Cover Whale Insurance Solutions Inc. Asset Profile

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Year established

2019

Location

Rancho Santa Margarita CA US

Primary Industry

Insurance

About

Founded in 2019 and based in California, US, Cover Whale Insurance Solutions, Inc. operates as an online platform, providing a simple solution for fast insurance quotes. In October 2021, Cover Whale Insurance Solutions, Inc. raised USD 15.5 million in Seed funding from Ambac Financial Group. Dan Abrahamsen is the founder and CEO of the company. The company provides software for agents and brokers to provide commercial auto solutions such as coverage, automobile liability, physical damage, cargo, truckers' general liability, and non-trucking liability insurance. The firm offers first-sale cycle times, access to online endorsements and documents, and dedicated support. The organization plans to use the October 2021 funding to expand its technology-enabled proprietary platform and continue to attract a team of top industry talent.

Current Investors

Ambac Financial Group, TigerRisk Partners, LLC, Morgan Stanley Expansion Capital

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Primary Industry

Insurance

Sub Industries

Insurance Intermediaries, Commercial Insurance, Accounting/Finance Software, Analytics & Performance Software

Website

www.coverwhale.com

Verticals

InsureTech

Company Stage

Series A

Total Amount Raised

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