# CoverGo Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/covergo-pte

- Industry: Software
- Headquarters: Singapore
- Website: www.covergo.com
- Total disclosed funding: $15M
- Latest round: Series A (May 9, 2022)
- Investors on record: 8

## About

Based in Singapore, and founded in 2017 by Tomas Holub (CEO), CoverGo Pte. Ltd., is an insuretech platform that enables digitization and automation of insurance processes at all levels. In May 2022, Covergo, LTD. raised USD 15 million in series A funding led by a new investor SemperVirens VC, with participation from other new investors SixThirty, Tribeca Early Stage Partners, Fresco Capital, Old Mutual, Asia Financial Holdings, XN Worldwide Insurance, and Noria Capital. As of June 2022, the firm has offices in Asia including Hong Kong, Singapore, and Vietnam, and has customers across Asia, the Middle East, Europe, and the US. Some of the firm's customers include brokers, MGAs, insurers, online businesses, insuretechs, etc.

The company provides no-code, end-to-end, fully customizable software as a service to the insurance industry, allowing companies to develop and launch insurance products within days of their conception, and at a low cost. The company digitizes the insurance process from sales to claims settlement, including renewals, payments, claims, commission calculation, and so on, and offers a fully integrated pricing and underwriting engine with more than 500 APIs that can handle and automate complex processes while reducing human error. Additionally, the firm offers a product-building platform using which insurance providers can build any time of insurance product and make it available front-end within a few days.

The company intends to use the May 2022 funding to spread its business range and further develop and grow its sales and engineering teams.

## Funding rounds

- Series A, May 9, 2022, $15M — SixThirty, Old Mutual Investment Group South Africa, Fresco Capital, Tribeca Early Stage Partners, SemperVirens, Asia Financial Holdings Limited, XN Holdings, Inc., Noria Capital

## Investors

- SixThirty (https://capitalatlas.ai/funds/sixthirty) — Series A
- Old Mutual Investment Group South Africa — Series A
- Fresco Capital — Series A
- Tribeca Early Stage Partners (https://capitalatlas.ai/funds/tribeca-early-stage-partners) — Series A
- SemperVirens (https://capitalatlas.ai/funds/sempervirens) — Series A
- Asia Financial Holdings Limited — Series A
- XN Holdings, Inc. — Series A
- Noria Capital — Series A