Spanish VC consortium in €3.5m series-A for Coverfy

Amedeo Goria
13 October 2017

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K Fund, Sabadell Venture Capital and Seaya Ventures have backed a €3.5m series-A round for Spanish insurance-related technology startup Coverfy.

Existing investor K Fund led the funding round alongside new investors Sabadell and Seaya. The company aims to use the fresh capital to boost its product development, according to a statement.

Previous funding
In December 2016, the company raised a €750,000 seed round from K Fund and SeedRocket.

Company
Founded in September 2015 and headquartered in Barcelona, Coverfy develops a mobile app focusing on the insurance sector. The product allows customers to find the most convenient offer available in terms of coverage, performances and prices.

People
K Fund – Iñaki Arrola (managing partner).
Coverfy – Vicente Arias (founder, CEO).

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