Cover Genius, an insurtech platform for embedded insurance has raised $70 million in Series D funding round. The round was led by Dawn Capital, with participation from new investor, New York-based Atlas Merchant Capital, and existing investors including GSquared and King River Capital.
The raise will assist in the rapid business growth and expansion of its global insurance distribution platform, XCover, said the company. Cover Genius offers embedded protection to multiple industries including airlines, travel and rental companies, retail, and financial services, among others.
Angus McDonald, CEO and co-founder of Cover Genius, said, “customers are dissatisfied with traditional insurers who went missing during the pandemic and…