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upcover secures $19 million to expand digital insurance for businesses — Insurance Business

February 11, 2025
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Insurance Business Australia covers upcover's $19M Series A, bringing total funding raised to $23.7 million. The round supports upcover's expansion as Australia's only digital-first commercial insurance broker, in a market where over 95% of commercial insurance is still sold through offline brokers.

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We are digitising commercial insurance and risk management for small, mid-market and technology businesses. We work with a global network of underwriters, challenging legacy brokers and delivering market leading coverage to our customers.

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© 2026 upcover Pty Ltd ABN 17 628 197 437, Corporate Authorised Representative (CAR 1299211) of Experience Insurance Services Pty Ltd ABN 41 657 596 506, AFSL 539078. upcover arranges insurance products with selected insurers and underwriters. upcover does not compare all general insurers or insurance products available in the market.

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