Insurtech startup Riskcovry has raised $4.5 million in a bridge funding round led by Dubai-based Morphosis Venture Capital. The funding aligns with predictions of a 2024 tech startup funding boom. Riskcovry operates on an ‘insurance-in-a-box’ model, providing a tech platform to assist businesses in setting up insurance distribution. The startup plans to use the funds to push towards profitability and close its Series B funding round. Riskcovry’s unified API enables businesses to distribute any insurance product through any channel.
Riskcovry, the Insurtech Startup, Secures $4.5M from Morphosis VC
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