CoverWallet — the all-in-one insurtech platform for business insurance — announced Thursday it has closed an $18.5 million Series B funding round led by Foundation Capital.
The startup, founded in New York City, won Best Insurtech Solution at the 2017 Benzinga Fintech Awards.
Benzinga reported last month that CoverWallet had named Paul Rosen, previously the chief sales officer at OnDeck Capital Inc, as its COO.
CoverWallet has secured more than $30 million in venture capital funding, according to Thursday’s announcement. The Series B round included existing investors Union Square Ventures, Index Ventures, CV Starr and Two Sigma Ventures.