- Headquarters
- New York, New York
- Employees
- 11–50
- Business Model
- Marketplace
- Website
- worldcovr.com
- Total Funding
- $6.0M
- Last Round
- $6.0M Series AMay 2019
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 2 funding rounds and 4 investors for this company. The full record is or through the API.
About
WorldCover offers peer-to-peer investments that provide insurance to the global poor. We connect a growing pool of investors who seek uncorrelated investment returns and impact from their capital with a huge and growing need for natural disaster insurance in the developing world. WorldCover's platform improves food and income security for smallholder farmers in developing countries. More than 70% of the 2.5 billion people living at the “base of the pyramid” throughout the world rely on agriculture for income and sustenance. Farmers face a number of major risks to their livelihoods which they cannot control. Insurance gives them a sense of security even if they have a bad harvest, allowing them to improve their diets, invest in their farms, and send their children to school. In an increasingly interconnected world, diversified markets are becoming harder and harder to find. WorldCover's investment products offer both retail and professional investors attractive yet uncorrelated returns with the world's financial markets.
Summary
WorldCover is a Fintech company based in New York, United States. It has raised $6.0M in total across 2 rounds, most recently a $6.0M Series A round in May 2019. Investors include Y Combinator, MS&AD Ventures and Western Technology Investment.
Tech & App Stack
1 technology or app tracked
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Funding History
May 2019
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Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
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