CoverGo Completes $6 Million First Close of Series B
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In 2022, Hong Kong insurtech company CoverGo raised $15 million in a Series A round. A report dated November 3, 2026, said the company raised $6 million in the first close of its Series B, led by Betatron Venture Group. The funds will be used to develop an AI-native insurance platform and expand into more markets. Following this round, CoverGo has raised more than $30 million in total. The company said its revenue has grown tenfold since its 2022 Series A and it has reached EBITDA break-even. CoverGo currently serves 25 institutional clients across 15 countries.
AI-written from reports · updated 2 hours ago
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- Fintech News Hong KongCoverGo raises $6 million to expand its AI insurance platform
Hong Kong insurtech company CoverGo raised $6 million in the first close of its Series B round, led by Betatron Venture Group. The funds will be used to develop an AI-native insurance platform and expand into more markets. Following the round, the company’s total funding has exceeded $30 million; since completing its $15 million Series A round in 2022, revenue has grown tenfold and the company has reached EBITDA break-even. CoverGo currently serves 25 institutional clients across 15 countries.
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