Cover Genius, a global embedded protection infrastructure provider, has raised $100 million backed by Vista Credit Partners, reaching a $1.9 billion valuation. The B2B2C platform connects over 200 partners with 50-plus global insurance carriers, protecting more than 70 million customers across travel, retail, ticketing, and logistics sectors. The company will use the funding to deepen enterprise partnerships, scale AI capabilities including hyper-personalisation engines and automated claims resolution, and invest in platform scalability and strategic acquisitions. Cover Genius grew revenue 50% year-over-year in 2025 and crossed $3 billion in cumulative gross written sales. The firm operates in over 60 countries, partnering with companies including Klarna, Revolut, Priceline, Booking.com, Turkish Airlines, and Uber. It has delivered 240 million policies and earned a 4.5-star rating on Trustpilot across 70,000-plus reviews.

Cover Genius has raised $100 million in new funding backed by Vista Credit Partners, a subsidiary of Vista Equity Partners focused on enterprise software financing. The round values the company at $1.9 billion.

Australian insurtech Cover Genius has partnered with Traveloka to provide travel protection across several markets, including Cancellation Protection in Australia. The product refunds part or all of a trip if travellers cancel due to illness, transport disruptions, adverse weather, theft of travel documents, home emergencies or redundancy. The protection will be integrated into Traveloka's booking flow during checkout. Cover Genius described the partnership as a multi-market rollout supporting Traveloka's expansion, including its recent entry into Australia. Cover Genius is licensed or authorised in more than 60 countries. Its XCover platform serves travel companies, airlines and online travel agencies.