New York City-basedCoverWallet, an online insurance manager, has raised $7.8 million in Series A funding. Most investments are either related to Car insurance or distribution, and Cover wallet is one of the many distribution plays.
New York City-based CoverWallet, an online insurance manager, has raised $7.8 million in Series A funding. Union Square Ventures led the round with participation from return backers Highland Capital Partners, Two Sigma Ventures and Founder Collective. In conjunction with the funding, John Buttrick of Union Square Ventures has been added to CoverWallet’s board of directors. Also, CoverWallet has named Jim Ermilio as president of insurance.