Funding platform for global insurance, starting with crop insuranceβ¦
Company is closed
Event Year: 2015
Company is closed
Event Year: 2015
WorldCover operated as a platform designed to facilitate peer-to-peer investments, channeling funds towards providing insurance solutions for underserved populations globally. The initial focus was on crop insurance. The company aimed to bridge the gap between investors seeking uncorrelated returns and the significant demand for natural disaster insurance in developing nations.
WorldCover's platform sought to enhance food security and income stability for smallholder farmers in developing countries. A substantial portion of the world's population relies on agriculture, making them vulnerable to uncontrollable risks. Insurance provides a safety net, enabling farmers to improve their living standards, invest in their farms, and provide education for their children, even in the face of adverse harvests.
Furthermore, WorldCover aimed to offer investment products that provided both retail and professional investors with attractive, uncorrelated returns in an increasingly interconnected and diversified global market.
WorldCover operated as a platform designed to facilitate peer-to-peer investments, channeling funds towards providing insurance solutions for underserved populations globally. The initial focus was on crop insurance. The company aimed to bridge the gap between investors seeking uncorrelated returns and the significant demand for natural disaster insurance in developing nations.
WorldCover's platform sought to enhance food security and income stability for smallholder farmers in developing countries. A substantial portion of the world's population relies on agriculture, making them vulnerable to uncontrollable risks. Insurance provides a safety net, enabling farmers to improve their living standards, invest in their farms, and provide education for their children, even in the face of adverse harvests.
Furthermore, WorldCover aimed to offer investment products that provided both retail and professional investors with attractive, uncorrelated returns in an increasingly interconnected and diversified global market.
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2016
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2016
Fintech
Fintech
Fintech -> Insurance
Fintech -> Insurance
Team size: 20
Hiring: No
Team size: 20
Hiring: No