Greenberg’s stake in CoverWallet doesn’t end insurtech’s fundraising

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Rashmi Melgiri, co-founder, CoverWallet

New York-based CoverWallet will likely seek another round of funding to support its growing business, despite having just secured a venture round of financing from Starr Companies, an insurance and investment firm owned by Maurice “Hank” Greenberg.

Rashmi Melgiri, co-founder and COO, says the startup, which offers a digital alternative to insurance brokerage, says additional capital will go to scaling the business, which might include expanding the platform’s focus on property and casualty insurance for small- and medium-sized businesses…

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