London-based InsurTech startup COVR Global has raised $2.5 million in seed funding to accelerate the development of its AI-powered claims decision engine. The round was led by MTech Capital, with participation from B Capital, and marks the company’s first publicly disclosed funding since its launch in 2024.
COVR Global is on a mission to transform the insurance claims process through advanced technologies including artificial intelligence, machine learning, and embedded decision logic. Its proprietary platform is designed to help insurers make real-time decisions on coverage and liability, offering data-driven guidance for efficient and accurate claims handling.
Already active in key global markets—including the UK, Spain, Japan, and Australia—COVR reports partnerships with several of the world’s leading insurers. Its platform is built to process complex, unstructured data at scale, improving both the speed and precision of claims settlements.
The new capital will be used to fuel continued product innovation and support international expansion as the company positions itself as a leader in AI-powered insurance infrastructure.
“This funding will allow us to scale our technology and expand our global footprint,” said a company spokesperson. “We’re focused on helping insurers unlock real-time decision-making capabilities that significantly improve the claims experience.”
