Coverwatch Raises $4.5M Pre-seed
Coverwatch, based in San Francisco, is an AI-native commercial insurance platform that automates risk evaluation and policy management. The company has announced the successful closing of a $4.5M pre-seed round to accelerate its product development and expand its team.
The funding round was led by CoFound and Restive. Additional participation came from KFund and liquid2 ventures.
The capital raised will be used to accelerate the development of the company's AI-native insurance platform and to scale its internal team.
Founded in 2026 by Miquel Llobet, Kevin Wu, and Wilmer Yan, Coverwatch provides an AI-driven platform that disrupts the traditional insurance brokerage model. By replacing commission-based incentives with a flat-fee structure, the platform allows businesses to secure better coverage and reduce premiums by 20 to 40 percent through automated risk analysis and carrier benchmarking.
Funding Details
Company Website: https://coverwatch.com
Company: Coverwatch
Raised: $4.5M
Round: Pre-seed
Funding Date: July 2026
Lead Investor: CoFound, Restive
Additional Investors: KFund, liquid2 ventures
Software Category: InsurTech