CoverWallet gets fatter in series B round

Oct 13, 2017 • Sam McCaffrey

Insurer CV Starr has participated in an $18.5m round for business insurance startup CoverWallet as part of a product development collaboration deal.

US-based business insurance platform CoverWallet secured $18.5m yesterday in a series B round led by venture capital firm Foundation Capital with participation from insurance firm CV Starr.

VC firms Union Square Ventures, Index Ventures and Two Sigma Ventures also contributed to the round, which increased the total capital raised by CoverWallet to more than $30m since it was founded in 2015.

CoverWallet operates an online platform that uses analytics to help small businesses purchase and manage insurance. It offers coverage for…

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