SILICON VALLEY, September 8, 2022 — After a $15 million Series A funding from four leading US insurtech and fintech VCs and other strategic insurtech investors, CoverGo, the leading no-code SAAS insurance platform, is expanding to the USA, Canada, and Latin America.
With a focus on tailoring our solutions to meet the diverse needs of this expansive region, our commitment to delivering seamless customer experiences and unparalleled value remains unwavering. This strategic initiative marks a significant milestone in our quest to redefine insurance in the Americas and underscores our dedication to pushing the boundaries of possibility within the insurtech realm.
CoverGo’s expansion comes amid the digitization of the US$6.3 trillion insurance market. No-code / low-code is expected to be responsible for more than 65% of application development activity in the sector by 2024 . CoverGo with its new senior members therefore is in a perfect position to tackle this market, and help insurance companies adapt to the changing environment.