COVR Global secures £1.8m in seed funding from MTech Capital and B Capital to scale its AI platform
The seed round was led by MTech Capital to support product development and team expansion.
COVR Global is an insurtech company providing an AI-powered decision engine designed to help insurers settle claims and navigate critical operational choices in real time.
London-based insurtech provider COVR Global has secured £1.8m in seed funding to advance its artificial intelligence capabilities and expand its team. The investment round was led by MTech Capital, with additional participation from B Capital.
Founded to streamline complex insurance processes, COVR offers a modular decision engine that integrates directly into existing workflows. The platform helps carriers evaluate policy coverage, manage smart claim routing, and handle settlements efficiently.
The newly acquired capital will be directed towards product development and scaling operations to meet rising international demand. COVR currently operates across several markets, including the UK, Spain, Japan, and Australia.
From the founder
"Insurance touches every part of our lives, from the homes where we live to the roads we travel. We’re building AI that brings clarity and fairness to a complex business process, giving insurers the information they need in real time to make better claims decisions."
Markus Hillebrand
CEO and Co-Founder at COVR Global
Investor perspective
"We’re at an early stage of the transformation of the insurance industry by AI. Clearly AI — with its core strengths of analyzing, classifying and summarizing unstructured data — is a game changer for more effective claims settlement. We believe Markus and the senior executives he has assembled are the most experienced team in the market today for claims technology. We’re very excited by the potential we see for COVR to become a claims powerhouse with a global footprint."
Kevin McLoughlin
Partner, MTech Capital
Use of funds
- 01Continue product development
- 02Grow the team