COVU today announced that it has increased its Series A to $22 million after successfully hitting key milestones, bringing its total funding to date to $32 million.

Originally structured as a milestone-based financing, due to strong investor demand, it was expanded to $10 million and became oversubscribed. The round was led by Benhamou Global Ventures (BGV), the lead investor from COVU's initial Series A, with participation from True Global Ventures (TGV) as a new investor. In addition to this funding, COVU has secured access to additional venture debt, further strengthening its financial position to scale AI innovation and expand its services for insurance agencies and partners.

COVU is the AI-native leader in insurance customer management and risk advisory services. By blending intelligent automation with human expertise, COVU empowers agencies, brokers, and financial institutions to deliver better risk management, improve customer retention, and drive business growth. With its AI-native roll-up and marketplace, COVU is setting a new standard for the future of insurance services.