Cover Whale logo — Using technology to make the world safer.

Cover Whale

Using technology to make the world safer.

Founded 2019 United States New York, United States 109 employees Series A Total: $43.00M Financial Services, Insurance +2

General Information

Company Name Cover Whale
Founded Year 2019
Location United States New York, United States
Founders / Decision Makers
Team member
Employees 109
Industries Financial Services, Insurance, Insurtech +1
Funding Stage Series A
Social

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About Cover Whale

Cover Whale is an insurtech startup established in 2019 by industry and technology experts. Focused on the Financial Services, Insurance, Insurtech, and Transportation sectors, it aims to revolutionize the commercial auto industry through its innovative approach. The company's unique Driver Safety Program integrates telematics, dash cams, and real-time driver coaching to enhance safety, reduce claims, and ultimately save lives on American roads. Cover Whale has successfully captured the market, channeling over $400 million in premium through its platform thanks to robust partnerships with 5,000+ agents. Their dedication to exceptional agent relationships has fostered industry-leading success. Moreover, the company offers noteworthy incentives such as up to 15% off for safe driving behaviors, indicating a commitment to promoting and rewarding responsible driving practices. The startup's recent achievement of securing a $27.50M Series A investment from Morgan Stanley Expansion Capital in May 2024 attests to its potential and attractiveness to investors. With its headquarters in the United States, Cover Whale's technological prowess, dedication to safety, and impressive financial performance make it a compelling player in the insurtech arena.

Business keywords: insurtech, commercial insurance, auto liability, data-driven, telematics, dash cams, truckers, technology, driver safety, agent relationships, industry expertise, commercial auto, underwriting, wholesale broker

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing Undisclosed -
22 May 2024
Series A $27.50M 1
Morgan Stanley Expansion Capital
22 May 2024
Seed Round $15.50M 1
Ambac
05 Oct 2021
Seed Round Undisclosed -
01 Jan 2019

Cover Whale Alternatives & Competitors

View All Alternatives
Cover Whale vs
Nextbase
Nextbase United Kingdom

The market-leader in connected car technology and driving intelligence.

Series A
116 employees
Consumer Electronics, Insurance
Cover Whale vs

The ultimate driving measurement and improvement tool

Seed
12 employees
Finance, Insurance
Cover Whale vs
Fairmatic
Fairmatic United States

AI-powered fleet insurance rewarding safety with savings

Series B
137 employees
AI, Financial Services

FAQ About Cover Whale

Using technology to make the world safer.
Cover Whale was founded in 2019.
Cover Whale is headquartered in New York, United States.
Cover Whale operates in Financial Services, Insurance, Insurtech and Transportation. Its work centres on insurtech, commercial insurance, auto liability and data-driven.
Cover Whale has approximately 109 employees.
Cover Whale has completed 4 funding rounds, raising a total of $43.00M. The latest funding stage is Series A.
Top alternatives and competitors to Cover Whale include Nextbase, Foresight Insurance Analytics, Fairmatic, Carolina Casualty (a Berkley Company), Cardigan General Insurance Services. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Cover Whale and Nextbase 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 Whale, https://bouncewatch.com/company/cover-whale, updated 31 December 2024. When citing, please name BounceWatch and link this page.

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