Cover Whale: Funding, Investors & Team (Oct 2026)
Our goal is to use data, technology, and industry knowledge to lower insurance expenses and enhance safety for all. Cover Whale, a InsurTech Broker established in 2019, utilizes data and technology to offer a simplified application process and quick access to quotes, binders, and policy documents for the trucking industry. Our range of products for Commercial Auto includes Auto Liability, Auto Physical Damage, Motor Truck Cargo, Truckers General Liability, and Non-Trucking Liability.
Cover Whale has raised $67.5M across 2 funding rounds on record, the most recent a Series B of $40.0M announced in Jul 2025.
That round is above the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Cover Whale Company Profile and Key Stats
Latest funding round on record: Jul 2025.
Cover Whale Funding Rounds
Cover Whale raised $27.5M in a Series A announced in May 2024.
1.2 years later, a Series B of $40.0M was announced in Jul 2025.
Cover Whale Founders and Leadership Team
No contact details are on record for this team yet.
Cover Whale Funding Compared to Other Financial Services Startups
Cover Whale's latest round of $40.0M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Cover Whale Funding FAQs
What does Cover Whale do?
Our goal is to use data, technology, and industry knowledge to lower insurance expenses and enhance safety for all. Cover Whale, a InsurTech Broker established in 2019, utilizes data and technology to offer a simplified application process and quick access to quotes, binders, and policy documents for the trucking industry. Our range of products for Commercial Auto includes Auto Liability, Auto Physical Damage, Motor Truck Cargo, Truckers General Liability, and Non-Trucking Liability.
How much funding has Cover Whale raised?
Cover Whale has raised $67.5M across 2 rounds on record. The most recent is a Series B of $40.0M announced in Jul 2025.
When did Cover Whale last raise funding?
Cover Whale's most recent funding round on record is a Series B of $40.0M, announced in Jul 2025.
Who founded Cover Whale?
FundedIQ lists Daniel Abrahamsen (Founder) at Cover Whale.
Where is Cover Whale headquartered?
Cover Whale is based in New York, United States.
How many employees does Cover Whale have?
Cover Whale is in the 101-250 employee band.
How does Cover Whale's funding compare to other Financial Services startups?
Cover Whale's latest round of $40.0M is above the $15M median round size for Financial Services companies on FundedIQ across 5,751 tracked companies over the last two years.
About FundedIQ's Cover Whale Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Cover Whale is left off this page rather than filled in.
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