InsurTech Covu raises $10mn in seed funding led by ManchesterStory Group

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August 18, 2022

Newly launched InsurTech Covu has raised $10mn in seed funding led by ManchesterStory Group to back its AI-enabled digital platform for insurance agencies.

InsurTech Covu raises $10mn in seed funding led by ManchesterStory Group

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Newly launched InsurTech Covu has raised $10mn in seed funding led by ManchesterStory Group to back its AI-enabled digital platform for insurance agencies.

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Cowbell Closes $60M Series C Round

I [Jack Kudale] am thrilled to announce that we have successfully closed our Series C funding round, raising $60 million from Zurich to accelerate our growth and bolster our cyber resilience services. This is a significant milestone and I am excited about our next chapter and the opportunities ahead.

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Announcing the Evolution of Trusty.care to Circle—Where Healthcare Comes Full Circle

Trusty.care announced a significant company milestone —a transition that marks a name change and an expansion of its mission and business capabilities. Trusty.care has evolved into Circle, a name that reflects the company’s broadened focus and commitment to providing comprehensive healthcare solutions while leveraging new technologies to have a greater impact on the insurance industry.

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Simplicity Acquires Plum Life and Launches LifeLink™, a Digital Life Insurance Platform that Automates the Delivery of Much-Needed Protection

Simplicity Group Holdings, Inc. ("Simplicity"), a leading financial products distribution firm, today announced the launch of Simplicity LifeLink™ a life insurance sales platform that transforms and expedites the way insurance is purchased. Simplicity is launching LifeLink™ after its successful acquisition of Plum Life Inc. and is pleased to announce that Plum Life's co-founders, Manish Bhatt, Sanjay Mehra, Rahim Rajpar, and Amir Weiss, have become Simplicity's newest partners.

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Rainwalk Pet Insurance Raises $4 Million Led by ManchesterStory

Rainwalk Technology, the leading white-label pet insurance technology provider, today announces $4 million in Seed funding led by ManchestorStory with participation from Insurtech Gateway, Bridge Investments, Seaplane Ventures, and several insurance and reinsurance executives. The capital will fuel investments in people, product, and technology that will power partnerships and initiatives that further differentiate Rainwalk’s pet health ecosystem in the marketplace.

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ManchesterStory’s Nicole Gunderson shares her steps from investment banking to working with startups and venture capital

Nicole Gunderson reflects on her journey that led her to her current role at ManchesterStory.

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Wisedocs Raises $9.5 Million in Oversubscribed Series A Financing

Introducing ManchesterStory's newest portfolio company, Wisedocs! Wisedocs is the medical record indexing, review, and AI summaries software platform for insurance carriers, healthcare providers, law firms, and TPAs for the claims industry. Wisedocs serves the auto, liability, disability, workers’ compensation, tort law, and similar markets. Wisedocs provides an easy-to-integrate solution for improved accuracy and speed to deliver improved outcomes in processing medical records. Wisedocs raised $4.1M in an oversubscribed seed round in 2022 and launched their game-changing Summaries platform in 2023. Launched in 2021, and expanded across North America, Wisedocs is at the forefront of change in the claims ecosystem.

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2024 InsurTech Event Calendar

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ManchesterStory Launches Industry Newsletter "STORIES"

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Betterview acquired by Nearmap

ManchesterStory is thrilled to share that our Fund I portfolio company Betterview is being acquired by Nearmap!

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BrokerTech Ventures Announces $34 Million BrokerTech Fund

DES MOINES, Iowa, May 2, 2023 /PRNewswire/ — BrokerTech Ventures (BTV), the industry’s first broker-led convening platform and accelerator program, has partnered with leading insurtech venture capital investor ManchesterStory Group (ManchesterStory) to launch the BrokerTech Fund, LP, the first venture capital fund focused on early-stage insurtech companies developing broker-centric technology solutions. Limited Partners of the $34 million Fund include Holmes Murphy, M3 Insurance, Baldwin Risk Partners, UNICO Group, IMA Financial Group, Christensen Group, and The Graham Company.

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Property risk intelligence provider Betterview secures funding

Betterview, an InsurTech that provides property risk intelligence, has closed a round of funding. The round was led by existing investors EMC Insurance, Guidewire Software, Nationwide, MaidenRE, and ManchesterStory. Betterview is a provider of actionable intelligence to property and casualty (P&C) insurance companies.

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OMERS Ventures Leads Series A in Joyn Insurance Services

Insurance technology company Joyn Insurance Services Inc. announced that it exceeded its fundraising target with a US$ 17.7 million Series A funding round led by OMERS Ventures with participation from Avanta Ventures, ManchesterStory, Cohen Circle, SiriusPoint, and several private individual investors. Joyn Insurance Services Inc. is a Delaware-domiciled, licensed producer and general agent that operates under its “Joyn”TM and “Joyn Insurance”TM brands. Launched in July 2021, Joyn Insurance integrates insurance, data, and technology expertise. Joyn offers E&S coverage for property, general liability and excess for companies across more than 700 NAICS codes in 36 states and Washington, D.C. Representatives from OMERS Ventures, ManchesterStory and Avanta Ventures will also be joining the Board of Directors of Joyn Insurance.