Missouri-based iCover, an augmented underwriting platform for life insurers, has received a boost of $5 million in pre-seed funding led by Kesan Parasuraman – a private investor who also led their previous raise. iCover are looking to expand their product lines which include: income protection, final expense, term and whole life. “In terms of traction and momentum, 2022 has been a great year so far. Fast and accurate Point-of-Sale underwriting has become more relevant than ever before. With this capital infusion, we can fuel our sales and marketing efforts through 2023 and expand iCover’s Intellectual Property with increased R&D in the areas of AI and Blockchain,” said Hari Srinivasan, Founder & CEO for iCover.
Source: Yahoo Finance