Insurtech company Cover Whale announced it has closed on $27.5 million in debt and equity funding managed by Morgan Stanley Expansion Capital to continue growing its platform and solutions.
As a part of this fundraising event, previous debt investors agreed to convert their owed shares to Series A preferred shares. The company has raised $43 million since founding in 2019.
With its improved balance sheet, the company looks to continue investing in its platform to improve its commercial truck...