Coverd, a Paris-based insurtech focusing on smartphone coverage, has raised €1.2 million to enhance its market position in France.
Information on the Target
Coverd, a Paris-based insurtech company, has successfully raised €1.2 million in its inaugural funding round. Specializing in smartphone insurance, Coverd aims to establish itself as a leader in mobile coverage within the French market. Unlike traditional insurance offerings that only cover devices from the date of purchase, Coverd uniquely provides protection for smartphones even after their initial purchase date, setting it apart from its competitors.
The investment will enable Coverd to enhance its service offerings and expand its market presence, targeting a growing demand for flexible and comprehensive mobile insurance solutions among French consumers.
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Industry Overview in France
The insurance industry in France is evolving rapidly, influenced by advancements in technology and changing consumer behaviors. With a significant number of consumers now prioritizing coverage for gadgets and
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Transaction Size: $17M