True Global Ventures Invests in Silicon Valley-based COVU
to Empower Insurance Agents with AI-Native Services
to Empower Insurance Agents with AI-Native Services
[Palo Alto, Feb 20th] – True Global Ventures (TGV) is proud to announce its latest investment in COVU, a Silicon Valley-based AI-driven platform designed to revolutionize the insurance industry.
TGV led this extension round of US$10 million, where existing investor Benhamou Global Ventures had also participated. COVU’s cutting-edge technology enhances the role of insurance agents by providing AI-powered automation, risk management insights, and customer engagement tools, enabling them to operate more efficiently and deliver better value to clients.
With the insurance sector undergoing rapid Digital transformation, COVU is at the forefront of leveraging artificial intelligence to augment human expertise rather than replace it. By automating routine tasks, offering proactive risk assessments, COVU helps agents focus on customer relationships while improving operational efficiency.
“We see AI as a powerful enabler for financial and insurance professionals rather than a threat to their roles,” said Dušan Stojanović, General Partner at True Global Ventures. “COVU is transforming the insurance industry by allowing agents to harness AI-driven insights, automate administrative work, and provide truly personalized services. This aligns perfectly with our vision of investing in high-growth AI companies led by experienced entrepreneurs.”
The investment from True Global Ventures will help COVU scale its AI capabilities, expand its market presence, and accelerate growth in the US. As AI continues to reshape financial services, TGV is committed to backing companies that drive business value.
“We are excited to partner with True Global Ventures in our mission to redefine the future of insurance,” said Ali Safavi, Co-Founder and CEO of COVU. “With their deep expertise AI-driven business models and insurance, TGV’s investment will allow us to scale our impact and empower insurance agents.”
This investment further strengthens TGV’s focus on AI-powered business solutions in The San Francisco Bay Area, reinforcing its track record of supporting serial entrepreneurs and helping them grow.
About Covu
COVU is the AI-native leader in insurance customer management and risk advisory services. By blending intelligent automation with human expertise, COVU empowers agencies, brokers, and financial institutions to deliver better risk management, improve customer retention, and drive business growth. With its AI-native roll-up and marketplace, COVU is setting a new standard for the future of insurance services.
For more information, visit www.covu.com.
About True Global Ventures
True Global Ventures is a global venture capital firm with two actively deploying funds: TGV 4 Plus Fund (early stage) and TGV Opportunity Fund (late stage). The firm focuses on technology-driven businesses like late stage AI applications, with a strong track record in Enterprise AI and blockchain investments, supporting ventures that drive transformative change.
For more information, visit www.tgv4plus.com
Media contact: [email protected]
TGV led this extension round of US$10 million, where existing investor Benhamou Global Ventures had also participated. COVU’s cutting-edge technology enhances the role of insurance agents by providing AI-powered automation, risk management insights, and customer engagement tools, enabling them to operate more efficiently and deliver better value to clients.
With the insurance sector undergoing rapid Digital transformation, COVU is at the forefront of leveraging artificial intelligence to augment human expertise rather than replace it. By automating routine tasks, offering proactive risk assessments, COVU helps agents focus on customer relationships while improving operational efficiency.
“We see AI as a powerful enabler for financial and insurance professionals rather than a threat to their roles,” said Dušan Stojanović, General Partner at True Global Ventures. “COVU is transforming the insurance industry by allowing agents to harness AI-driven insights, automate administrative work, and provide truly personalized services. This aligns perfectly with our vision of investing in high-growth AI companies led by experienced entrepreneurs.”
The investment from True Global Ventures will help COVU scale its AI capabilities, expand its market presence, and accelerate growth in the US. As AI continues to reshape financial services, TGV is committed to backing companies that drive business value.
“We are excited to partner with True Global Ventures in our mission to redefine the future of insurance,” said Ali Safavi, Co-Founder and CEO of COVU. “With their deep expertise AI-driven business models and insurance, TGV’s investment will allow us to scale our impact and empower insurance agents.”
This investment further strengthens TGV’s focus on AI-powered business solutions in The San Francisco Bay Area, reinforcing its track record of supporting serial entrepreneurs and helping them grow.
About Covu
COVU is the AI-native leader in insurance customer management and risk advisory services. By blending intelligent automation with human expertise, COVU empowers agencies, brokers, and financial institutions to deliver better risk management, improve customer retention, and drive business growth. With its AI-native roll-up and marketplace, COVU is setting a new standard for the future of insurance services.
For more information, visit www.covu.com.
About True Global Ventures
True Global Ventures is a global venture capital firm with two actively deploying funds: TGV 4 Plus Fund (early stage) and TGV Opportunity Fund (late stage). The firm focuses on technology-driven businesses like late stage AI applications, with a strong track record in Enterprise AI and blockchain investments, supporting ventures that drive transformative change.
For more information, visit www.tgv4plus.com
Media contact: [email protected]