# upcover

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/upcover-pty

- Industry: Insurance
- Headquarters: Sydney, Australia
- Website: www.upcover.com
- Total disclosed funding: $8.9M
- Latest round: Series A (Feb 10, 2025)
- Investors on record: 8

## About

Based in Sydney, Australia, and founded by Skye Theodorou and Anish Sinha in 2019, upcover Pty Ltd provides a platform for insurance distributors to enable them to provide insurance to start-ups, independent contractors, and micro, small and medium enterprises. In February 2025, upcover Pty Ltd raised AUD 11 million in series A funding led by new investor RealVC, with participation from other new investors Gandel Invest and MTC. Returning investors Antler, BetterLabs, and individual investors also participated in the round. The round was part of a larger AUD 19 million equity and venture debt funding. The firm’s platform offers insurance to fitness trainers and coaches, beauty professionals and services, support and disability workers, therapists, construction workers, etc. The firm offers allied health professionals’ insurance that covers against public liability, professional indemnity, property damage, defamation, etc, public, and products liability insurance cyber and privacy liability insurance, and Covid-19 bounceback insurance. 

The company intends to use the February 2025 funding to support the development of its product and its platform.

## Funding rounds

- Series A, Feb 10, 2025, $6.9M — Gandel Invest, Antler, BetterLabs, RealVC, MoreThan Capital
- Seed, Jun 30, 2021, $1.9M — Antler, BetterLabs, Black Nova Group, Xtra10 Ventures Pty Ltd, Bello Consulting Group Pty Ltd
- Seed, Oct 6, 2019, $0.1M — Antler

## Investors

- Antler (https://capitalatlas.ai/funds/antler) — Seed, Series A
- BetterLabs (https://capitalatlas.ai/funds/betterlabs) — Seed, Series A
- Black Nova Group (https://capitalatlas.ai/funds/black-nova-group) — Seed
- Xtra10 Ventures Pty Ltd — Seed
- Bello Consulting Group Pty Ltd — Seed
- Gandel Invest — Series A
- RealVC (https://capitalatlas.ai/funds/realvc) — Series A
- MoreThan Capital (https://capitalatlas.ai/funds/morethan-capital) — Series A