Coverflex Raises €15M in Series A Funding

Coverflex

Coverflex, a Portuguese HRtech startup, raised €15m in Series A funding.

The round was led SCOR Ventures with participation from Breega, MS&AD, Armilar, Stableton, BiG Start Ventures, Shilling, Firmin Zocchetto, Job van der Voort, Nuno Sebastião, Humberto Ayres Pereira, Hugo Arévalo, Alessandro Petazzi, Davide Dattoli, Mats Diedrichsen, Daniel Zbijowski, Luca Lima and Nuno Job.

The company intends to use the funds to consolidate its market position in Portugal and launch in Italy.

Founded in 2019 by Luís Rocha, Miguel Santo Amaro, Nuno Pinto, and Rui Carvalho, Coverflex provides a customizable compensation solution that allows companies to give employees access to health insurance, meal allowance, fringe benefits, and discount programs.

The solution is currently used by over 3,600 companies including Santander, Natixis, OysterHR, Bolt, Emma, Revolut, among others.

FinSMEs

06/02/2023