# Cuvva

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cuvva

- Industry: Insurance
- Headquarters: London, UK
- Website: www.cuvva.co
- Total disclosed funding: $19M
- Latest round: Series A (Nov 28, 2019)
- Investors on record: 7

## About

Cuvva Limited specializes in providing innovative short-term vehicle insurance solutions, catering to diverse customer needs with flexible coverage options for cars and vans.Cuvva Limited, founded in 2015 and headquartered in London, UK, offers temporary vehicle insurance tailored to various use cases. The company has completed 6 deals since its inception and raised GBP 13.26 mn in Series A funding in November 2019, primarily for team expansion. The founders, Freddy Macnamara and James Billingham, bring valuable experience from their previous ventures.Cuvva primarily offers short-term insurance solutions tailored for vehicles, including cars and vans, as well as specialized cover for learner drivers. Their core product is fully comprehensive temporary car insurance, which allows users to purchase coverage for durations ranging from one hour to 28 days. This flexibility addresses various use cases, such as borrowing a car, test-driving, or insuring vehicles for short-term needs like business or personal errands. Additionally, Cuvva provides learner driver insurance, enabling supervised practice in another driver's vehicle, and temporary van insurance for short-haul transport needs. The company operates in multiple geographical markets, focusing on the UK and expanding its services to various customers, including new drivers, international visitors, and those requiring immediate vehicle insurance solutions.In 2023, Cuvva generated revenue of GBP 23,156,082.70 and reported an EBITDA of GBP 3,028,482. The company’s revenue model is based on the sale of short-term insurance policies directly to consumers through a mobile app, which facilitates seamless transactions and personalized quotes.Following the GBP 13.26 mn raised in Series A funding in November 2019, Cuvva Limited plans to utilize the resources to build its team, enhancing operational capabilities. The company aims to innovate further by developing new insurance products and expanding its market reach beyond the UK, although specific new markets and product release dates have not been detailed.

## Funding rounds

- Series A, Nov 28, 2019, $17M — Seedcamp, Techstars, RTP Global, Tekton Ventures, Breega, LocalGlobe, Launchbay Capital
- Series A, Dec 1, 2018 — Breega
- Seed, Nov 30, 2016, $1.9M — Seedcamp, Techstars, Tekton Ventures, LocalGlobe
- Seed, Dec 20, 2015 — Techstars

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed, Series A
- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed, Series A
- Tekton Ventures (https://capitalatlas.ai/funds/tekton-ventures) — Seed, Series A
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series A
- Breega (https://capitalatlas.ai/funds/breega) — Series A
- RTP Global (https://capitalatlas.ai/funds/rtp-global) — Series A
- Launchbay Capital (https://capitalatlas.ai/funds/launchbay-capital) — Series A