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Cover Whale: Insurtech MGA streamlining commercial auto insurance for trucking, combining insurance with real-time telematics to reduce losses.
Founded in 2019 by Dan Abrahamsen and Kevin Abramson, Cover Whale is a New York City-based insurtech managing general agent providing commercial auto insurance for the trucking industry through real-time telematics and continuous underwriting. The enterprise operates across 46 states, serving a network of nearly 5,000 independent agents and more than 15,000 active policyholders. Since inception, the firm has written over one billion dollars in gross premium, including 225 million dollars generated in 2023. To fund ongoing expansion, the business secured over 27 million dollars in debt and equity alongside a 40 million dollar growth equity financing backed by Morgan Stanley Expansion Capital, Ambac Financial Group, and TigerRisk Partners. Supported by approximately 130 employees, the company was recently named a Forbes Best Startup Employer and recognized as the 2023 Insurtech of the Year by Program Manager.
Cover Whale has raised $83.0M across 3 funding rounds.
Cover Whale has raised $83.0M in total across 3 funding rounds.
Cover Whale has raised $83.0M in total across 3 funding rounds.
Cover Whale's investors include Nick Nocito, Claude LeBlanc, TigerRisk Partners.
Cover Whale has raised $83.0M across 3 funding rounds. Most recently, it raised $40.0M Other Equity in July 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 28, 2025 | $40.0M Other Equity | Nick Nocito | |
| Jun 3, 2024 | $27.5M Debt | Nick Nocito | |
| Oct 5, 2021 | $15.5M Seed | Claude LeBlanc, TigerRisk Partners |