“After years of rapid growth, 2024 marked a pivotal year for Cover Whale as we focused on re-building our foundation,” said founder and CEO Dan Abrahamsen. “We invested in our technology platform, built a high-performing service organization, and refined our pricing, underwriting and loss control programs. Morgan Stanley Expansion Capital’s transition from lender to equity partner is a gratifying affirmation of the tremendous progress made over the past few years, and their renewed backing gives us the resources to fully capitalize on the significant growth opportunities ahead.”
Cover Whale Insurance secures $40 million in equity financing
