Startup · $595m raised · Financial services · AI
Embedded insurance and protection APIs for digital brands
New York City, OS
Every investor coverage indicates participated in a round Cover Genius raised.
| Investor | Rounds | Invested |
|---|---|---|
| Vista Credit Partners | Venture debt | - |
| Spark Capital | Series D+ | - |
| King River Capital | Series D+ | - |
| G Squared | Series D+ | - |
| Dawn Capital | Series D+ | - |
Investors whose own portfolio pages list Cover Genius, even though we haven't found any coverage of the round yet.
Companies Cover Genius acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Angus McDonald | Co-founder and CEO | SmartCompany (21 Jul 2026), Forbes Australia, SmartCompany (17 May 2024), coverager.com, Australian FinTech |
| Christopher Bayley | Founder | SmartCompany (4 Aug 2026), SmartCompany (21 Jul 2026), SmartCompany (17 May 2024) |
| Gus McDonald | Co-founder & Chief Executive Officer | SmartCompany, inspirepreneurmagazine.com, coverager.com |
| May Bandi | Strategy Lead (former) | Afterwork Ventures portfolio |
| Pete Fisher | Co-head | SmartCompany |
Stories naming Cover Genius. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Insurtech Cover Genius, previously ranked first on the Smart50 list, has secured $143 million from Vista Credit Partners at a valuation above $2 billion, with funds earmarked for AI development and acquisitions.
Australian insurtech Cover Genius raised $143 million led by Vista Credit Partners, pushing its valuation above $2 billion, with funds earmarked for platform development, AI claims capabilities and international expansion.
Vista Credit Partners is backing Cover Genius's USD 100 million raise, which puts the insurance platform's value at USD 1.9 billion; Morgan Stanley acted as placement agent.
Insurance platform Cover Genius has announced a $100 million raise with Vista Credit Partners backing it, at a $1.9 billion valuation; funds will go toward AI, partnerships and acquisitions.
Stone & Chalk named Stela Solar its new CEO, replacing Chris Kirk. Solar, formerly of Accenture and the National AI Centre, aims to enhance AI support for Australian startups.
Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.
King River Capital is wrapping up a A$157 million (US$100 million) fund for AI startups, with Future Super, David Gonski, Marinya Capital and the Smorgon family among its backers.
Year-end roundup ranking 2024's twelve largest startup raises, headed by PsiQuantum's $940 million government-backed quantum computing round, plus Guzman y Gomez's ASX listing and Betashares' Temasek investment.
SafetyCulture secured $75 million of fresh capital plus $90 million from existing shareholders selling shares, valuing the operations software company at $2.5 billion. Airtree, Blackbird, Morpheus Ventures, Hostplus and HESTA joined the round.
Also Tech Funding News - Australia·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily
Australian insurtech momentum examined: Honey Insurance's Series A and Cover Genius's raise led Q2 2024 funding, while an Airtree partner argues incumbents have left insurance open to technology-driven challengers.
Also SmartCompany
Weekly roundup covering five Australian startups' raises: an insurtech Series E, a digital ID Series A, medtech and proptech funding, and a recycling platform's equity crowdfunding campaign.
Cover Genius has landed a Series E round of 80 million dollars, with Spark Capital leading and prior backers Dawn, King River and G Squared joining; lifetime funding now sits near 245 million.
Techboard's monthly roundup reports November 2022 Australian private funding of roughly $678 million across 38 deals, listing closed raises by Vow, Samsara Eco, Advanced Navigation and others, Sprint Ventures' first fund close, and rounds still open.
Also SmartCompany
Insurtech Cover Genius has bought ticket-protection specialist Booking Protect, bringing its partners onto the XCover embedded insurance platform and expanding Cover Genius's ticketing and live entertainment presence.
AfterWork Ventures explains its pre-seed investment in Tirtyl, a zero-waste cleaning tablet startup, covering the founders' backgrounds, early traction, unit economics, and competitors including ZeroCo and Blueland.
AfterWork Ventures' first-birthday post recalls its founders' angel record, a 2019 micro-fund, a ten million dollar first close five months in, and the launch of its NFT project.