Cover Whale secures $40m to scale connected insurance platform

Cover Whale Secures $40M Investment

InsurTech company Cover Whale has announced that it has raised $40 million in funding from Morgan Stanley. This fresh injection of capital aims to enhance Cover Whale's technology, broaden its service offerings, and support its growth strategy.

About Cover Whale

Cover Whale specializes in offering insurance solutions tailored for commercial vehicle operators. Their platform connects various aspects of insurance management, focusing on efficiency and user experience.

Purpose of the Funding

The investment from Morgan Stanley is intended to help Cover Whale scale its connected insurance platform. By leveraging this funding, the company plans to enhance its technology infrastructure, allowing for smoother interactions and improved service delivery for its customers. Additionally, it aims to expand its product offerings, potentially attracting a broader clientele in the commercial insurance sector.

Who’s Impacted?

This move could significantly benefit commercial vehicle operators looking for streamlined insurance solutions. By investing in technology, Cover Whale hopes to address common pain points in the industry, such as long response times and complex policy management.

Conclusion

Overall, this funding round marks a critical step for Cover Whale as it seeks to solidify its place in the InsurTech space. With the backing of Morgan Stanley, the company appears well-positioned to pursue its ambitions of growth and innovation.

Original Source: https://fintech.global/2025/07/29/cover-whale-secures-40m-to-scale-connected-insurance-platform/