Qover, a Brussels, Belgium-based insurtech startup, raised €5.5m in Series A funding.
The round was led by Anthemis.
The company intends to use the funds to expand the reach of its first product, “Motor GAP Insurance” for brokers & car sellers currently available in Belgium, in new markets, expand its offerings and open a new office in London.
Led by Jean-Charles Velge, Qover provides insurance industry players with on-demand infrastructure APIs to build digitally branded innovative and traditional insurance products to their customers.
In case of total loss or theft of the cars, the company’s first product, Motor GAP Insurance, enables customers to receive the difference between the original price they paid and the indemnity paid by the casco insurer. Full protection up to the 5th anniversary of the vehicle is granted.
Qover has coverholder status with Lloyd’s of London.