CoverWallet acquired by Aon plc
CoverWallet, the digital insurance platform for small and medium-sized businesses, has been acquired by Aon, the global professional services firm providing a broad range of risk, retirement and health solutions. Terms of the transaction were not disclosed and the deal is expected to complete in early 2020. “We started CoverWallet to reinvent commercial insurance. By building our customer-centric platform and leveraging advanced data science, beautiful design, and state-of-the-art technology, we have been able to simplify insurance,” said Inaki Berenguer, CEO and Cofounder of CoverWallet. “Aon’s shared vision means we can continue pushing the boundaries of innovation into new markets and new products at a greater scale.”
Price: Terms not disclosed
Selected investors in the round: Union Square Ventures, Index Ventures, Highland Capital Partners, Foundation Capital, Two Sigma Ventures
Founding year: 2015
Total funding raised: $28.3M
Time from founding to exit: 4.22 years
Full coverage: CoverWallet acquired by Aon plc
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