Upcover

Private

SydneyFinTechhttps://www.upcover.com/

Last Round

Debt

Feb 10, 2025

Est. Valuation

$45M

Total Funding Raised

$10M

Momentum

Top 10%

of companies Caplight tracks

Company Overview

Upcover is an insurtech company that provides a digital-first commercial insurance platform for small businesses, startups, and freelancers.

Sector

FinTech

Verticals

InsurTech, Compliance & Risk

Business Model

B2B

Customer Profile

Marketplace Commission, Payment Processing Fee

AI Layer

Application

Keywords

insurtechbusiness insurancedigital insuranceembedded insuranceinsurance APIprofessional indemnitypublic liabilitycyber liabilityinsurance marketplacefreelancer insuranceinsurance automationinsurance financingAI insuranceinsurtech startupone-click insurance

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Upcover Comps

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

Upcover comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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Upcover Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Debt	Feb 10, 2025
Debt	Jul 5, 2022

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Key People

Founding team and executive leadership

Anish Sinha

Co-founder COO

Founding Team

Skye Theodorou

Co-founder CEO

Founding Team

Sajjad Naveed

Chief Technology Officer

Executive Team

Upcover Investors

Notable investors and investment history

Upcover investors
Investor	Rounds
Gandel Invest	Debt
Marshall Investments	Debt
BetterLabs	Debt
Antler	Debt
RealVC	Debt
MoreThan Capital	Debt

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Market signals

Structured signals derived from secondary market and firmographic data.

Apr 1, 2026
Trusted by over 70,000 businesses.
Feb 5, 2026
Added deepfake-focused endorsement via Coalition partnership.

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Upcover Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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Upcover Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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

Firmographic Details

HeadquartersSydney

Employee Range52

Year Founded2019

Last FundingFeb 10, 2025

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