Cover Genius logo — Protecting the global customers of the world's largest digit...

Cover Genius

Protecting the global customers of the world's largest digital companies with end-to-end, embedded protection.

Founded 2014 United States New York, United States 557 employees Series E Total: $239.30M Financial Services, Fintech +2

General Information

Company Name Cover Genius
Founded Year 2014
Location United States New York, United States
Employees 557
Industries Financial Services, Fintech, Insurance +1
Funding Stage Series E
Business Model B2B, API, Platform
Revenue Model Service Fee, Commission, Usage Based
Social

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About Cover Genius

Cover Genius is a leading player in the insurtech industry, specializing in embedded protection solutions. Founded in 2014, the company has made significant strides by offering seamless protection through its award-winning global distribution platform, XCover. This has positioned the firm as a critical partner for some of the world's most prominent digital companies.

Their operations are licensed in over 60 countries and all 50 US States, enabling them to embed and sell numerous insurance policies globally. With a focus on delivering exceptional customer experience, Cover Genius has achieved an industry-leading post-claims Net Promoter Score (NPS) and boasts over 30 million satisfied customers.

Headquartered in the United States, the company recently completed a $80.00M Series E investment, signaling strong investor confidence. The round was led by Dawn Capital, Spark Capital, King River Capital, and G Squared, further solidifying its position in the Financial Services, Fintech, Insurance, and insurtech sectors.

Business keywords: Embedded Insurance, Insurtech, Global Distribution Platform, End-to-End Protection, Dynamic Product Recommendations, Pricing Optimization, Claims Management, Insurance API, E-commerce Insurance, Warranty Insurance, Cyber Insurance, Renters Insurance, Auto Insurance, Commercial Insurance, Real-time Claims Payment

Services & Products

XCover Platform
XClaim Instant Payments
Real-time Protection Solutions
Tailored Protection Policies
Seamless API Integration

Target Customers

Travel Companies E-commerce Platforms Gig Economy Companies Shipping and Logistics Providers Mobility & Auto Firms Event Ticket Sellers Fintech and Payment Services

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Series E $80.00M 4
Dawn Capital, Spark Capital +2
01 May 2024
Series D $70.00M 4
Dawn Capital, King River Capital +2
01 Nov 2022
Series C $70.00M 13
King River Capital, Belfer Family +11
01 Sep 2021
Debt Financing £8.30M 1
King River Capital
01 Oct 2020
Series B $10.00M 2
King River Capital, Regal Funds Management
01 Nov 2019
Seed $1.00M -
01 Jan 2017

Cover Genius Alternatives & Competitors

View All Alternatives
Cover Genius vs
CarePay International
CarePay International The Netherlands

Using technology to make health insurance more accessible and efficient

Grant
127 employees
Finance, Fintech
Cover Genius vs
Guros
Guros Mexico

Guros is an insurtech that enables any partner to generate revenue from selling insurance online, fa...

Seed
39 employees
API, Financial Services
Cover Genius vs
bsurance
bsurance Austria

We accelerate the creation and distribution of insurance products with technology and operational ca...

Non Equity Assistance
13 employees
Analytics, Fintech

FAQ About Cover Genius

Protecting the global customers of the world's largest digital companies with end-to-end, embedded protection.
Cover Genius was founded in 2014.
Cover Genius is headquartered in New York, United States.
Cover Genius operates in Financial Services, Fintech, Insurance and Insurtech. Its work centres on Embedded Insurance, Insurtech, Global Distribution Platform and End-to-End Protection. Its customers include Travel Companies, E-commerce Platforms and Gig Economy Companies.
Cover Genius has a B2B, API and Platform business model. Its revenue comes from Service Fee, Commission and Usage Based.
Cover Genius has approximately 557 employees.
Cover Genius has completed 6 funding rounds, raising a total of $239.30M. The latest funding stage is Series E.
Cover Genius offers: XCover Platform, XClaim Instant Payments, Real-time Protection Solutions, Tailored Protection Policies, Seamless API Integration.
Top alternatives and competitors to Cover Genius include CarePay International, Guros, bsurance, Alteos, Insurama. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Cover Genius and CarePay International are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Cover Genius, https://bouncewatch.com/company/cover-genius, updated 8 April 2026. When citing, please name BounceWatch and link this page.

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