Sydney’s Upcover has involved a host of names in their latest funding round, with QBE, Antler Australia and Betterlabs all coming together to lump up. $2.7 million of the total is equity while $2 million is debt. Skye Theodorou and Anish Sinha founded Upcover as a way to let any online company distribute insurance – probably one of the hottest topics in the industry now. We’ll be seeing further customer acquisition and product development with the new cash as well as some team expansion.
Source: Insurance Asia