- Accelerating the AI roadmap and next era of embedded protection
Cover Genius (https://covergenius.com/), the global infrastructure for embedded protection, today announced a USD $100M capital raise, backed by Vista Credit Partners (https://www.vistaequitypartners.com/credit/), a subsidiary of Vista Equity Partners (https://www.vistaequitypartners.com/) and strategic financing partner focused on enterprise software. The raise values the business at USD $1.9 billion, advancing a new chapter for the company.
Cover Genius operates a B2B2C embedded protection platform that connects 200+ partners with 50+ global insurance carriers to protect over 70 million end customers at the point of sale across travel, retail, ticketing and logistics. Unlike traditional insurers, Cover Genius dynamically adapts product design, pricing, and presentation in real time to match each merchant's unique customer journey and geography mix.
“We’ve spent more than a decade building the trust layer the world’s largest digital companies rely on to protect their customers. Today’s raise is about broadening possibilities: moving faster, going deeper into our partnerships, and building the AI capabilities that help people move through every step of their digital journey with certainty,” commented Gus McDonald, Co-Founder & Chief Executive Officer, Cover Genius.
Cover Genius will deploy the capital across three priorities. First, deepening enterprise partner relationships through enhanced integration capabilities, which are already improving partner conversion rates. Second, scaling AI capabilities: hyper-personalization engines, agentic distribution of embedded protection, and automated infrastructure for faster claims resolution. Third, investing in platform scalability and selective strategic acquisitions to drive entry into new verticals across an embedded insurance market that Boston Consulting Group projects will grow from $13 billion to over $70 billion in gross written premiums by 2030.
The raise reflects accelerated momentum. In 2025, Cover Genius:
· Grew revenue 50% year-over-year.
· Crossed USD $3+ billion in cumulative gross written sales.
· Extended its reach to 240 million policies, delivered through integrations with many of the world’s leading digital platforms, such as Klarna, Revolut, Priceline, Agoda, Booking.com, Turkish Airlines, and Uber. Also available at Amazon, eBay, Coolblue, Wayfair, Flipkart, Tongcheng Travel, and Shopee, a leading ecommerce shopping platform in Southeast Asia.
· Earned an ‘Excellent’ rating of 4.5 out of 5 on Trustpilot (https://uk.trustpilot.com/review/xcover.com) for XCover, its claims management platform, across 70,000+ verified consumer reviews worldwide.
“Vista Credit Partners is proud to support innovative enterprise software companies like Cover Genius with flexible capital solutions to further establish market leadership. It has built the infrastructure layer that enables many of the world's leading digital platforms to embed protection seamlessly into their customer experience. The embedded insurance market is large, structural and growing, and Cover Genius has earned its position at the center of it,” commented Pete Fisher, Co-Head of Vista Credit Partners, Senior Managing Director, Vista Equity Partners.
Morgan Stanley & Co. LLC served as exclusive placement agent on this transaction.
Notes to editors:
ABOUT COVER GENIUS
Cover Genius is the global infrastructure for embedded protection. Active in over 60 countries and all 50 US States, it protects the customers of the world’s largest digital companies, including Klarna, Revolut, Stripe, Priceline, Agoda, Booking.com, Turkish Airlines, Tongcheng Travel, eBay, and Uber, with seamless, end-to-end experiences. Cover Genius has protected more than 70M customers globally across 240M policies with USD $3.2BN in gross written sales. For more information, visit covergenius.com.
ABOUT VISTA CREDIT PARTNERS
Vista Credit Partners is the credit-investing arm of Vista Equity Partners and is a strategic investor and financing partner that specializes in enterprise software. Vista Credit Partners offers solutions tailored to strategic objectives with growth-friendly terms and long-term investment horizons across both the private and broadly syndicated markets, sourcing deals directly from founder-led companies, through sponsor relationships, and from its deep network of experts, advisors and other intermediaries to support growth and unlock value through creative capital solutions and operational partnership. Vista Credit Partners has completed more than 700 transactions since its inception.
As of March 31, 2026, Vista Credit Partners has grown to over $8.2 billion of assets under management. Since its formation in 2013 and as of March 31, 2026, Vista Credit Partners has deployed over $16.2 billion. For more information, please visit www.vistacreditpartners.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260714199328/en/
언론연락처: Cover Genius Vista Credit Partners Brian W. Steel 212-804-9170 Max Gross 347-267-3274 Vista Equity Partners +1-512-730-2400
이 뉴스는 기업·기관·단체가 뉴스와이어를 통해 배포한 보도자료입니다.
Cover Genius operates a B2B2C embedded protection platform that connects 200+ partners with 50+ global insurance carriers to protect over 70 million end customers at the point of sale across travel, retail, ticketing and logistics. Unlike traditional insurers, Cover Genius dynamically adapts product design, pricing, and presentation in real time to match each merchant's unique customer journey and geography mix.
“We’ve spent more than a decade building the trust layer the world’s largest digital companies rely on to protect their customers. Today’s raise is about broadening possibilities: moving faster, going deeper into our partnerships, and building the AI capabilities that help people move through every step of their digital journey with certainty,” commented Gus McDonald, Co-Founder & Chief Executive Officer, Cover Genius.
Cover Genius will deploy the capital across three priorities. First, deepening enterprise partner relationships through enhanced integration capabilities, which are already improving partner conversion rates. Second, scaling AI capabilities: hyper-personalization engines, agentic distribution of embedded protection, and automated infrastructure for faster claims resolution. Third, investing in platform scalability and selective strategic acquisitions to drive entry into new verticals across an embedded insurance market that Boston Consulting Group projects will grow from $13 billion to over $70 billion in gross written premiums by 2030.
The raise reflects accelerated momentum. In 2025, Cover Genius:
· Grew revenue 50% year-over-year.
· Crossed USD $3+ billion in cumulative gross written sales.
· Extended its reach to 240 million policies, delivered through integrations with many of the world’s leading digital platforms, such as Klarna, Revolut, Priceline, Agoda, Booking.com, Turkish Airlines, and Uber. Also available at Amazon, eBay, Coolblue, Wayfair, Flipkart, Tongcheng Travel, and Shopee, a leading ecommerce shopping platform in Southeast Asia.
· Earned an ‘Excellent’ rating of 4.5 out of 5 on Trustpilot (https://uk.trustpilot.com/review/xcover.com) for XCover, its claims management platform, across 70,000+ verified consumer reviews worldwide.
“Vista Credit Partners is proud to support innovative enterprise software companies like Cover Genius with flexible capital solutions to further establish market leadership. It has built the infrastructure layer that enables many of the world's leading digital platforms to embed protection seamlessly into their customer experience. The embedded insurance market is large, structural and growing, and Cover Genius has earned its position at the center of it,” commented Pete Fisher, Co-Head of Vista Credit Partners, Senior Managing Director, Vista Equity Partners.
Morgan Stanley & Co. LLC served as exclusive placement agent on this transaction.
Notes to editors:
ABOUT COVER GENIUS
Cover Genius is the global infrastructure for embedded protection. Active in over 60 countries and all 50 US States, it protects the customers of the world’s largest digital companies, including Klarna, Revolut, Stripe, Priceline, Agoda, Booking.com, Turkish Airlines, Tongcheng Travel, eBay, and Uber, with seamless, end-to-end experiences. Cover Genius has protected more than 70M customers globally across 240M policies with USD $3.2BN in gross written sales. For more information, visit covergenius.com.
ABOUT VISTA CREDIT PARTNERS
Vista Credit Partners is the credit-investing arm of Vista Equity Partners and is a strategic investor and financing partner that specializes in enterprise software. Vista Credit Partners offers solutions tailored to strategic objectives with growth-friendly terms and long-term investment horizons across both the private and broadly syndicated markets, sourcing deals directly from founder-led companies, through sponsor relationships, and from its deep network of experts, advisors and other intermediaries to support growth and unlock value through creative capital solutions and operational partnership. Vista Credit Partners has completed more than 700 transactions since its inception.
As of March 31, 2026, Vista Credit Partners has grown to over $8.2 billion of assets under management. Since its formation in 2013 and as of March 31, 2026, Vista Credit Partners has deployed over $16.2 billion. For more information, please visit www.vistacreditpartners.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260714199328/en/
언론연락처: Cover Genius Vista Credit Partners Brian W. Steel 212-804-9170 Max Gross 347-267-3274 Vista Equity Partners +1-512-730-2400
이 뉴스는 기업·기관·단체가 뉴스와이어를 통해 배포한 보도자료입니다.
ⓒ 주식회사 에이아이크리에이티브랩 & www.aifilmjournal.com 무단전재-재배포금지
BEST 뉴스
-
Esri to Debut the Power of Where Collection at 2026 Esri User Conference
Esri (https://www.esri.com/en-us/what-is-gis/overview), the global leader in location intelligence, will debut the Power of Where Collection (https://powerofwhere.com/?aduc=Public_Relations&aduca=2026-MUL-Esri_Press_Books&aduco=press-release&adum=Press_Release&adut=pow-series&... -
Statement on Terminating the Letter of Intent With AI Financial Corporation
Statement from Matthew Nicoletti, Chief Strategy Officer, Perpetuals.com (Nasdaq: PDC), on the proposed transaction with AI Financial Corporation. “Perpetuals has decided not to further pursue the acquisition of AI Financial Corporation’s subsidiary Alt5 Sigma Canada, Inc. and the earlier letter... -
디자인 툴 필요없다… 비즈뿌리오, 알림톡 전용 ‘이미지 메이커’ 출시
비즈뿌리오 ‘이미지 메이커’ 기능 출시 기업 메시징 서비스 비즈뿌리오를 운영하는 다우기술(대표 김윤덕)은 카카오톡 알림톡에 포함되는 이미지를 손쉽게 완성할 수 있는 ‘이미지 메이커’ 기능을 지난 1일 출시했다고 밝혔다. 최근 카카오톡 알림톡은 단순 텍스트 형태를 넘어 브랜드 로... -
MUUT, 신세계 강남점 입성… 롯데 잠실 이어 팝업 확대
신세계 강남 MUUT 팝업 전경 패션 아이웨어 브랜드 뭍(MUUT)이 7월 9일부터 22일까지 신세계백화점 강남점 5층 팝업 스테이지에서 팝업 스토어를 운영한다. 이번 팝업은 MUUT의 다양한 아이웨어 제품과 브랜드가 제안하는 스타일을 직접 경험할 수 있는 공간으로 꾸며졌다. 롯데월드몰 잠... -
엔알비, 설계와 제조를 잇는 현장형 건축 세미나 개최
엔알비 임직원들이 새롬빌딩을 설계한 홍찬기 건축가의 세미나에 참석하고 있다 모듈러 1호 상장기업 엔알비(NRB, 대표이사 강건우)는 지난 11일 서울 강남구 새롬빌딩에서 임직원을 대상으로 ‘우수 건축물 새롬빌딩 현장답사 및 건축세미나’를 진행했다고 밝혔다. 이번 행사는 강건우 대... -
진솔·이언정 후원자, 광양시 중마장애인복지관에 장애인 이동 차량 레이 후원
차량 전달식 현장 광양시 중마장애인복지관(관장 정헌주)이 기업 진솔 및 이언정 후원자의 나눔으로 장애인 이동지원 차량 레이를 전달받았다. 이번 후원은 단순한 차량 지원을 넘어 장애인의 이동권을 보장하고 사람과 지역사회를 연결하는 기반을 함께 만들어가는 의미 있는 나눔이라는...
전체댓글 0
NEWS TOP 5
-
1
Statement on Terminating the Letter of Intent With AI Financial Corporation
-
2
Cover Genius Raises USD $100M Backed by Vista Credit Partners, Reaching USD $1.9 Billion Valuation as it Advances AI-First Platform and Global Expansion
-
3
퍼페추얼스닷컴, AI 파이낸셜 코퍼레이션과 의향서 해지 성명 발표
-
4
쿠콘, 국민연금공단 공공신탁 사업에 금융 인프라 공급
-
5
BNK부산은행, IRP 수익률 전 금융권 1위 2분기 연속 달성
실시간뉴스
추천뉴스
포토뉴스
more +-
노매드헐, 일본항공과 손잡고 리버풀 FC 우먼 경기에서 여성 스포츠 임파워먼트 축하 행사 개최
전 세계 60만 글로벌 여성 여행자 커뮤니티 앱 노매드헐(NomadHer)이 일본항공(Japan Airlines, 이하 JAL)과 공식 파트너십을 맺고 여성 스포츠의 활기찬 정신을 기념하는 특별 협업 프로젝트를 진행했다고 밝혔다. 이번 협업을 통해 노매드헐 커뮤니티 회원들이 한자리에 모여 리버풀 FC 우먼(... -
KYMF대한민국청소년미디어대전, 9월 18일까지 작품 공모
시립청소년미디어센터는 국내 최대 규모의 청소년 미디어 축제인 ‘2026 제26회 KYMF대한민국청소년미디어대전’(이하 미디어대전)의 작품을 오는 8월 1일부터 9월 18일 오후 6시까지 공식 누리집(https://kymf.ssro.net)을 통해 공모한다. 서울특별시가 주최하고 시립청소년미디어센터가 주관하... -
라이온코리아, 여름철 빨래 냄새 특화 ‘비트 몬스터 팟 10X냄새케어’ 이마트서 1+1 행사
건강한 생활 습관을 만드는 기업 라이온코리아가 고온다습한 날씨로 실내건조가 많아지는 여름철을 맞아, 전국 이마트에서 하이브리드 캡슐세제 ‘비트 몬스터 팟 10X냄새케어’의 1+1 행사를 진행한다. 라이온코리아는 실내건조에 특화된 ‘비트 몬스터 팟 10X냄새케어’의 접근성을 높이고 소비자... -
이너스커뮤니티, 오뚜기 진라면 서포터즈 ‘진앤지니’ 18기 발대식 성료… 12년째 이어온 ‘팬덤’ 마케팅
하이브리드 브랜딩 기업 이너스커뮤니티(INUSCommunity)가 기획·운영하는 오뚜기 대학생 진라면 서포터즈 ‘진앤지니’ 18기가 지난 7월 6일 오뚜기라면 공장에서 발대식을 열고 공식 활동을 시작했다. ‘진앤지니’는 2012년 첫 기수를 시작으로 올해 18기를 맞은 국내 대표 장수 서포터즈 프로그...