Cover Genius has secured $70m in a new funding round at the same time as the rest of the insurtech industry is suffering a fall in investment.
Dawn Capital led the insurtech startup’s Series D raise. Investors like Merchant Capital, Squared and King River Capital also backed the new cash injection.
The round follows from the $100m Series C raise Cover Genius bagged last year. The startup did not provide a valuation following the raise.
Cover Genius’ fortunes is intimately tied to the boom in so-called embedded finance. Embedded…