# COVU Insurance Solutions LLC.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/covu-insurance-solutions

- Industry: Software
- Headquarters: Redwood City, US
- Website: www.covu.com/
- Total disclosed funding: $32M
- Latest round: Series A (Feb 19, 2025)
- Investors on record: 4

## About

Founded in 2019, co-founded by Ali Safavi, Tasos Chatzimichailidis, Amir Kargar, Amin Zarshenas, and based in California, US, COVU Insurance Solutions LLC operates as an artificial intelligence-based digital platform that are used by insurance companies to assist clients in identifying and addressing any gaps in their insurance coverage. In August 2025, COVU Insurance Solutions LLC. raised an undisclosed amount of venture funding from unspecified investors. The round was part of a larger USD 16 million venture and growth funding.

COVU offers a digital platform that uses artificial intelligence to assist clients in identifying and addressing any gaps in their insurance coverage. Through the company’s platform, customers can renew and purchase new coverage. Additionally, the company provides AI-enabled sales assistance to help consumers find the best insurance coverage.

COVU Insurance Solutions LLC. earns revenue through SaaS subscriptions, service fees for operational support, and strategic partnerships with insurance carriers. It also generates income from agency acquisitions and premium-based revenue sharing.

The August 2025 funding will accelerate platform development, expand operational infrastructure, and offer independent agency partners more options: whether they want to scale their operations or step away through a structured, supported transition. With this capital, COVU will continue to expand its AI-native platform and servicing infrastructure, onboard new carrier partners, and support both organic and M&A-driven growth for agencies across the country.

## Funding rounds

- Series A, Feb 19, 2025, $9.9M — BGV, True Global Ventures
- Series A, Oct 10, 2024, $13M — BGV, ManchesterStory, Markd
- Seed, Jun 30, 2022, $10M — ManchesterStory

## Investors

- ManchesterStory (https://capitalatlas.ai/funds/manchesterstory) — Seed, Series A
- BGV (https://capitalatlas.ai/funds/bgv) — Series A
- Markd (https://capitalatlas.ai/funds/markd) — Series A
- True Global Ventures (https://capitalatlas.ai/funds/true-global-ventures) — Series A