Reported 6 months ago
Cover Whale, an insurtech company, has closed on $27.5 million in funding managed by Morgan Stanley Expansion Capital. The funding will be used to enhance the company's platform and solutions, with a focus on improving commercial truck insurance quoting features and customer service. Cover Whale has raised a total of $43 million since its establishment in 2019, and recently added more states to its auto liability coverage program while introducing telemetry data sharing capabilities to its Driver Safety program. The company also welcomed two new executives to its team to drive technology-driven objectives.
Source: YAHOO