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worldcovr.com

Founded Year

2015

Stage

Series A | Alive

Total Raised

$6.12M

Last Raised

$6M | 3 yrs ago

About WorldCover

WorldCover is an insurance technology company that uses a peer-to-peer model to provide farmers in developing worlds with crop insurance against natural disasters and provides investors with diversified returns from the non-traditional financial markets.

WorldCover Headquarter Location

79 Madison Ave 5th Floor

New York, New York, 1001,

United States

646-854-3012

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Research containing WorldCover

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned WorldCover in 2 CB Insights research briefs, most recently on Jul 1, 2020.

Expert Collections containing WorldCover

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

WorldCover is included in 4 Expert Collections, including Agriculture Technology (Agtech).

A

Agriculture Technology (Agtech)

1,822 items

Companies that are using technology to make farms more efficient.

F

Fintech 250

248 items

I

Insurtech

1,798 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

7,344 items

US-based companies

Latest WorldCover News

WorldCover raises $6 million to insure Africa farmers against climate risks

May 7, 2019

Photo by Planet Aid   ImpactAlpha, May 7 – Seventy percent of the African population depends on small-scale farming for subsistence and to earn a living. The New York-based insurance company covers climate-vulnerable small farmers in Africa from changing weather patterns. The company has raised a $6 million Series A funding round backed by MS&AD Ventures, Y Combinator, Western Technology Investment and EchoVC. WorldCover analyzes farm and climate-risk data from satellites, ground sensors, and mobile phone data and offers low-cost policies through mobile payment platforms like M-Pesa. The company has supported 30,000 farmers in Kenya, Uganda and Ghana since 2015, TechCrunch reports. WorldCover’s early backers included the Gates Foundation and JPMorgan Chase-backed Catalyst Fund for low-cost financial-services providers in underserved markets. WorldCover isn’t the only fintech company targeting underserved, climate-vulnerable people. Others include the Munich Climate Insurance Initiative’s Livelihood Protection Policy , Fundenuse and Micrédito’s “event-based” insurance for Nicaraguan farmers and VisionFund International and Global Parametrics’ ARDIS initiative .

WorldCover Web Traffic

Rank
Page Views per User (PVPU)
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WorldCover Rank

  • When was WorldCover founded?

    WorldCover was founded in 2015.

  • Where is WorldCover's headquarters?

    WorldCover's headquarters is located at 79 Madison Ave, New York.

  • What is WorldCover's latest funding round?

    WorldCover's latest funding round is Series A.

  • How much did WorldCover raise?

    WorldCover raised a total of $6.12M.

  • Who are the investors of WorldCover?

    Investors of WorldCover include Y Combinator, EchoVC Partners, MS&AD Ventures, Western Technology Investment, Plug and Play Ventures and 4 more.

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