Coverfy added more capital investment from CDTI, K Fund and Seaya Ventures

Coverfy, a Barcelona, Spain-based developer of a technological platform focused on improving the interaction between insurers and end users, announced getting 500,000 euros ($572k) in a fresh capital investment round.

The funding was provided by existing investors, including the CDTI, through its Innvierte program, together with venture capital firms K Fund and Seaya Ventures (SEAYA VENTURES II). The financing granted will serve the company to continue with the development of technology and strengthen commercial development.

Coverfy, established in 2016 and led by CEO Vicente Arias, is specialized in 'front end' technology, focusing on offering the user a personalized experience. The developed platform facilitates transparency and simplifies the comprehensive management of all users' insurance policies, in addition to optimizing the prices and coverage that they offer (best value for money) in a personalized and real-time manner, allowing management of all processes with a simple and easy solution through a mobile application.