COVU

COVU

Private
Redwood City, CaliforniaFinTechhttps://www.covu.com/

Last Round

Growth Equity

Aug 29, 2025

Total Funding Raised

$48.5M

Momentum Score

50 /100

Company Overview

COVU is an insurtech company that provides an AI-native operating system and services for independent insurance agencies. The platform combines artificial intelligence and automation with human expertise to help agencies, brokers, and financial institutions manage customers, streamline operations, and improve efficiency. Its services include a CRM, marketing tools, licensed support, and access to various carriers, creating a comprehensive solution for insurance professionals. The company's mission is to modernize the insurance industry by enabling agencies to enhance customer retention, increase cross-sales, and focus on high-value growth activities. COVU also expands its footprint by acquiring insurance agencies.

Sector

FinTech

Verticals

InsurTech, Vertical SaaS, Workflow Automation, Business Intelligence, Customer Experience

Business Model

B2B

Customer Profile

Revenue Share, Services & Consulting

AI Layer

Application

Keywords

insurance BPOInsurTech platforminsurance agency acquisitionagency management systemback-office automationAI insurance platformproperty & casualty insuranceP&C insuranceinsurance agency roll-upoutsourced agency servicesagency succession planninginsurance customer portalrevenue share model

Historical Pricing

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Caplight Momentum Score

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COVU Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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COVU Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Growth EquityAug 29, 2025
VC RoundAug 1, 2025
Series AFeb 21, 2025
Series AOct 10, 2024
SeedAug 17, 2022

Key People

Founding team and executive leadership

Amin Zarshenas

Chief Product Officer Co-founder

Founding Team

Ali Safavi

CEO Co-founder

Founding Team

Don Loonam

COO

Executive Team

COVU Investors

Notable investors and investment history

InvestorRounds
Benhamou Global VenturesSeries A
ManchesterStory GroupSeries A, Seed
MarkdSeries A
True Global VenturesSeries A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 10, 2026

    Launched COVU OS, an AI-native operating stack for insurance distribution.

  • Oct 2, 2025

    Introduced COVU Connect, a new data integration and MDM platform.

COVU Filings

SEC and related filings with document metadata.

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COVU Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about COVU's valuation, stock price, and market status.

Firmographic Details

HeadquartersRedwood City, California
Employee Range70
Year Founded2019
Last FundingAug 29, 2025

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