As we enter the new year, we would like to celebrate all our achievements and milestones in 2022 that helped CoverGo become the leading global no-code insurance platform:
Scale
We increased our 2022 annual recurring revenue 3x and onboarded new clients and partners across P&C, health, and life insurance such as AXA, Bupa, and Dai-ichi Life Insurance. Health insurance is our fastest-growing vertical with a number of new clients in the Americas, Europe, and APAC. Read more about one of our latest clients here.
Funding
We closed our US$15m series A with an incredible mix of investors including 4 reputable US venture capital firms and 4 strategic insurance funds from North America, Asia, the Middle East, and Africa. Caribou Honig, also known as the Godfather of Insurtech, is our series A lead investor with his California-based SemperVirens Venture Capitaland became part of our board. Read more here.
Americas expansion
We set up a presence and made key appointments in the US including Doyle Ray Oakey and Theodore (Ted) Stearns to accelerate our expansion across the Americas. Read more here.
Middle East expansion
We expanded our presence in the Middle East, led by our recently appointed Regional Director George Majdalani. Read more here.
Team growth
We built a very diverse global team of over 130 talented team members of 30 nationalities and with over 500 years of insurtech and insurance enterprise software experience.
This is only possible thanks to the dedication and hard work of our great team of colleagues who ensure that our company continues growing and that clients, partners, and investors are happy.
We are proud to share these milestones and look forward to working with you in 2023 – the best is ahead of us!