Sompo Holding put $49.2m towards the $74.2m round, which will help the embedded insurance provider grow its reach.

US-based embedded insurance provider Cover Genius hauled in $A100m ($72.4m) yesterday in a series C round led by insurance firm Sompo Holdings.

Sompo contributed approximately $49.2m to the round, which also featured venture capital firm G Squared and undisclosed existing investors.

Founded in 2014, Cover Genius provides end-to-end embedded insurance products digital-focused companies can incorporate into their offerings. Its main products, XCover and XClaim, are a distribution platform for customisable insurance products and an application programming interface (API) for claims…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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