Cover Genius

Cover Genius, based in the US, specializes in embedded insurance and protection products, enabling seamless integration into diverse customer journeys across various industries, including travel and e-commerce. Founded in 2014 in New York by, Angus Mcdonald and Chris Bayley US, Cover Genius operates as an insurance technology company, providing innovative solutions in embedded insurance. In July 2026, Cover Genius, Inc. Cover Genius offers a range of embedded insurance solutions, including the XCover platform, which facilitates instant payments for approved claims in over 90 currencies, and RentalCover, a platform for rental car insurance. Their services enhance customer experiences in travel, e-commerce, logistics, and mobility, serving clients in over 60 countries, including the US, Canada, Australia, Germany, and the UK. The company provides localized solutions in more than 40 languages, addressing needs such as dynamic bundling of travel protection and customizable refund protection. Cover Genius generates revenue through partnerships with industries like travel, logistics, and retail, offering embedded insurance solutions to both consumers and businesses. Their B2B model includes collaboration with travel companies to bundle protection into itineraries and with e-commerce platforms for shipping insurance. Revenue is derived from transaction fees on insurance policies sold and ongoing partnership support.

1. Series E

   May 15, 2024

   Amount

   $80M

   Investors

   Locked

2. Series D

   Nov 1, 2022

   Amount

   $70M

   Investors

   Locked

3. Series C

   Sep 27, 2021

   Amount

   $73M

   Investors

   Locked

4. Series B

   Nov 7, 2019

   Amount

   $10M

   Investors

   Locked