COVU, the AI-native operating system for insurance, has raised $16m in fresh capital through a mix of equity and growth financing.
The California-based InsurTech provides independent agencies with technology and services including CRM, marketing tools, licensed support, and access to carriers, according to the Coverager.
The round brings its total funding to about $50m.
The new funding will be used to accelerate platform development, strengthen infrastructure, and give agencies more flexibility — whether scaling operations or stepping away through a structured, supported transition.
COVU has already completed seven agency acquisitions as part of its expansion strategy.
COVU CEO Ali Safavi said, “We’re not here to sell software. We’re building the infrastructure that powers the future of insurance. Our goal is to help agencies operate with more intelligence, more efficiency, and more care, while preserving the advisor relationship that customers trust.”
Copyright © 2025 FinTech Global
