venture capital
Cresco is pleased to have advised Qover on securing a US$12 million growth capital facility from CIBC Innovation Banking.
Qover is a European embedded insurance orchestration platform that enables leading brands to offer seamless insurance experiences through a flexible, API-first infrastructure. Active across fintech, mobility and travel, the company has established itself as one of the key players in Europe’s embedded insurance landscape.
CIBC Innovation Banking is a specialist financing partner to high-growth innovation businesses, providing strategic capital solutions to support ambitious companies through their next phase of development.
This financing gives Qover additional flexibility to continue investing in its platform, further expand its activities and keep scaling its offering across markets.
We are particularly proud to have helped navigate a demanding process with many moving parts and to have supported the company on a financing of clear strategic importance. Many thanks to @Quentin Colmant and @Jean-Charles Velghe for your continued trust over the years.
Congratulations to the whole @Qover team on this important milestone, and thank you to @CIBC Innovation Banking for the constructive collaboration throughout the process.
The Cresco deal team consisted of Olivier Van Raemdonck and Charles Groffils.
