Coverzen S.R.L.
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Coverzen S.R.L. - overview
Established
2021
Location
Milan, -, Italy
Primary Industry
Financial Services
About
Based in Milan, Italy, and founded in 2021 by Alberto Mazzetti, Giuliano Messina, and Umberto Lentini, Coverzen operates as a digital platform that enables insurance brokers and intermediaries to digitize their processes and offerings. In July 2023, Coverzen raised EUR 3. 3 million in venture funding led by investor Vertis, with participation from individual investors. As of July 2023, the company is being led by its CEO, Raffaele Bianchi.
The firm offers a B2B (business-to-business) platform that digitizes the process of listing, personalization, and sale of policies for cars, individuals, professionals, and companies. The firm enables users to define the best-suited insurance products for their clients and the platform completes all paperwork and legal requirements automatically. Moreover, the platform helps brokers to organize their work, deadlines, documents and more. The company intends to use the July 2023 funding to expand its network of intermediaries, offer new products, and continue to improve its technology.
Current Investors
Vertis
Primary Industry
Financial Services
Sub Industries
Insurance Intermediaries, Accounting/Finance Software
Website
www.coverzen.it
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Coverzen S.R.L. - timeline of key events
Coverzen S.R.L. - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 9,800 | 16,705 | 3,185 | 23,621 | 105,335 | 353,055 | 915,750 | 1,132,351 | 1,054,968 | - | - | - |
| % Revenue Growth (YoY) | - | 70.5% | (80.9%) | 641.6% | 345.9% | 235.2% | 159.4% | 23.7% | (6.8%) | - | - | - |
| EBITDA (USD) | (2,177) | (4,841) | (18,074) | (10,951) | (22,139) | 26,295 | 182,327 | 202,046 | (234,397) | - | - | - |
| Operating Income (USD) | (2,644) | (5,308) | (18,541) | (11,418) | (22,606) | 26,295 | 182,327 | 202,046 | (238,753) | - | - | - |
| Operating Margin | (27.0%) | (31.8%) | (582.1%) | (48.3%) | (21.5%) | 7.4% | 19.9% | 17.8% | (22.6%) | - | - | - |
| % EBITDA Margin | (22.2%) | (29.0%) | (567.5%) | (46.4%) | (21.0%) | 7.4% | 19.9% | 17.8% | (22.2%) | - | - | - |
| NET Income (USD) | (1,976) | (3,947) | (13,441) | (10,112) | (17,490) | 16,102 | 128,800 | 147,516 | (186,816) | - | - | - |
| % Net Margin | (20.2%) | (23.6%) | (422.0%) | (42.8%) | (16.6%) | 4.6% | 14.1% | 13.0% | (17.7%) | - | - | - |
Coverzen S.R.L. - employee data
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