Online insurance broker Coverfox raises $15m for Series C

Insurance broker platform Coverfox has reportedly raised $15m for its Series C funding round, which was led by US insurer Transamerica.

The firm is also said to be looking at receiving an investment from China-based Fosun Kinzon Capital, according to various media reports.

India-based Coverfox offers insurance products for car, bike, health and travel.

Founded in 2012, the broker offers customers an easy way to compare policies online as well as buying them.

The firm received $12m from its series B funding round in 2015, which saw firms including Accel Partners and SAIF Partners take part.

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