Covr Financial Technologies, a Boise, Idaho-based digital personal insurance platform, raised $5m in funding.
Backers included Nyca Partners, Commerce Ventures, Connectivity Capital Partners and Contour Venture Partners.
The company intends to use the funds for strategic growth initiatives and talent expansion.
Led by CEO Bill Benjamin, Covr connects personal insurance products from nearly twenty major insurers to financial institutions and financial advisers, enabling them to deliver digitally an integrated line of personal insurance products to their customers.
The platform also provides education and training on products, insurance-product marketing and insurance-licensed telephone support.
The company is also based in New York and Minneapolis.