COVU, a Redwood City, CA-based AI-native company, has raised an additional $10 million, increasing its Series A total to $22 million.
Investors
The Series A round was led by Benhamou Global Ventures (BGV), the lead investor in COVU's initial Series A, with True Global Ventures (TGV) joining as a new investor. This funding brings COVU’s total funding to $32 million.
Benhamou Global Ventures (BGV) is a venture capital firm that invests in early-stage technology companies, particularly those focused on AI, enterprise software, and cybersecurity. BGV supports startups with high growth potential, offering funding, strategic guidance, and access to a global network to help accelerate their success.
True Global Ventures (TGV) is a global venture capital firm with two actively deploying funds: the TGV 4 Plus Fund (early stage) and the TGV Opportunity Fund (late stage). The firm focuses on AI and technology-driven businesses, with a strong track record in enterprise AI and blockchain investments, supporting ventures that drive transformative change.
COVU Use of Funds
COVU will use the funding to accelerate its AI-powered platform, enhance operational efficiency, and expand services to insurance agencies and partners.
About COVU
COVU is an AI-native company that specializes in insurance customer management and risk advisory. By blending intelligent automation with human expertise, COVU empowers agencies, brokers, and financial institutions to deliver better risk management, improve customer retention, and drive business growth. COVU’s mission is to combine cutting-edge AI technology with human support to create a seamless customer experience that will revolutionize the insurance sector.
Funding Details
Company: COVU, Inc.
Raised: $22.0M
Round: Series A
Funding Date: February 2025
Lead Investor: Benhamou Global Ventures
Additional Investor: True Global Ventures
Company Website: https://www.covu.com/
Software Category: Insurance
Source: https://www.covu.com/covu-increases-series-a-funding