What Coverd does

Coverd is a French insurtech founded in 2019 that distributes 100% digital subscription-based device protection insurance directly to consumers and small businesses. Operating as a regulated insurance broker (ORIAS #19002122, RCS Nanterre #843119363), the company sells monthly policies underwritten by Axeria Insurance Limited and Cowen Insurance Company Limited, covering smartphones (including dedicated iPhone coverage), electric bicycles and scooters, and multi-device household electronics. All products carry no deductibles and no waiting periods, with claims processed within 24 hours and repairs routed through manufacturer-authorized partner networks.

The technology platform is a fully self-serve web application hosted on Heroku with Stripe handling recurring billing, supporting end-to-end digital journeys from quote to claim without physical agents or branches. Pricing ranges from €2.90/month for screen-only smartphone coverage to €5.90/month for full electric scooter protection, with multi-device household plans at €5.80/month. Coverd claims 10,000+ customers and has been recognized as a best-in-class mobile insurer by BFM Business, Le Parisien, and Ouest France for three consecutive years.

The go-to-market is direct-to-consumer via coverd.co, supplemented by referral partnerships with French comparison platforms (lesfurets.com, Le Parisien, BFM) and earned media coverage in major outlets including TF1, Frandroid, and 01net. Following its 2026 launch in Spain via coverd.co/es, Coverd operates in two Western European markets. Leadership comprises co-founders Hugo Saias (President/CEO), Nicolas Schwartz (CTO), and Coline Cherbonnel (Product Designer), and the company has raised approximately €1.32M in seed funding from Newfund and private investors.

Name

Coverd

Legal name

Coverd - Société par Actions Simplifiée

Website

https://coverd.co

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Coverd is a French insurtech founded in 2019 that distributes 100% online, subscription-based device protection insurance for smartphones, electric bikes, electric scooters, and household electronics directly to consumers across France and Spain.

Ownership category

akta.pro rank

Product category

Consumer Device Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Standard Personal Auto Insurance (Liability, Collision & Comprehensive) (FSAJAAAA)

akta.pro secondary industry

Network Security & Privacy Liability (Third-Party) (FSAJAOAE)

Keywords

• Device insurance
• Smartphone protection
• Electric bike insurance
• E-scooter coverage
• Insurtech platform

Headquarters

HQ city

Boulogne-billancourt

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Device Protection Subscriptions: Monthly recurring subscription fees for device insurance covering smartphones, electric scooters, and electric bikes. Multiple tier options based on coverage level and number of devices.
2. Theft Protection Add-on: Optional additional coverage for theft protection on electric bikes and scooters, charged as monthly add-on premium (€3-6/month)

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Coverd provides 100% digital, subscription-based insurance products protecting consumer electronics against breakage, theft, oxidation, and liquid damage. The portfolio includes smartphone, electric scooter, and electric bicycle coverage, with policies distributed entirely online and underwritten by partner insurers Cowen Insurance and Axeria Insurance. All plans feature no deductible, no waiting period, and 24-hour claims processing through a certified repair partner network.

Product overview

Coverd is a French insurtech company offering 100% digital device protection insurance through subscription-based monthly plans. The core offering consists of smartphone insurance products (including dedicated iPhone coverage and screen-only policies), electric bicycle insurance, and electric scooter insurance. Products are available as individual device coverage or family plans covering multiple household devices. All policies feature no waiting periods, no deductibles for material damage, and include repair or replacement services through authorized partner networks. The company also operates a referral program for customer acquisition.

Differentiator

Problem solved

Functional benefit

Brands

• Coverd Care: Insurance protection brand for smartphones and electronic devices offering coverage against breakage, oxidation, and theft.

Products and services

• Coverd Smartphone Insurance Monthly subscription insurance covering smartphones against accidental damage (screen breakage, liquid damage, oxidation), theft, and mechanical failure. Policies are 100% digital with no waiting periods and no deductible, including repair or replacement services through authorized partner networks.
• Coverd iPhone Insurance Specialized insurance product for Apple iPhone devices offering protection against breakage, oxidation, and theft, with coverage for screen, back glass, camera, and other components. Repairs performed by Apple-authorized partners to preserve manufacturer warranty.
• Coverd Screen-Only Insurance Budget-focused insurance covering smartphone screen breakage only from €2.90/month, providing simple accessible protection without long-term commitment for screen damage repairs.
• Coverd Electric Bicycle (VAE) Insurance Insurance covering electric bicycles (VAE), city bikes, and road bikes against theft and accidental damage, including annual maintenance, diagnostic services, and repair through local partner network. Maximum insured value of €6,000. From €4.90/month.
• Coverd Electric Scooter Insurance Insurance for electric scooters (EDPM) covering theft, accidental damage, oxidation, and mechanical failures of motor, battery, wheels, and braking systems, with optional civil liability (RC), Driver Safety (SDC), and Legal Defense (DPRSA) coverage. Maximum insured value of €3,000. From €2.90/month.
• Coverd Multi-Device Household Insurance Insurance plan covering up to 5 household electronic devices including smartphones, PCs, TVs, and tablets under a single monthly subscription from €5.80/month, designed for families and small businesses.
• Coverd Referral Program Referral program allowing existing customers to earn monthly subscription discounts by recommending Coverd to friends and family. Referrers receive €1 discount per referred subscriber (up to 50% maximum discount), while referred customers receive reimbursement of their first monthly payment.

Quantifiable outcome

• Claims processed within 24 hours
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Cowen Insurance Company LimitedcoreOthersInsurance carrier partner providing the underlying insurance coverage for Coverd's device protection products. Cowen Insurance Company Limited underwrites the insurance policies sold through Coverd's platform.
• Axeria Insurance LimitedcoreOthersInsurance company referenced in Coverd's policy conditions as the insurer for certain coverage types. Axeria Insurance Limited provides the insurance capacity for device protection policies.
• StripecoreTechnology or IntegrationPayment processing partner handling all subscription billing and payment collection for Coverd's insurance products. Stripe processes recurring monthly payments and manages payment infrastructure.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SPB: French insurance broker specialising in extended warranties and device/electronics protection, closely overlapping with Coverd's smartphone and household device insurance offering in the same French market.
• Zego: UK-based insurtech providing cover for gig economy drivers, e-scooters and other micromobility vehicles. Direct comparable on Coverd's e-scooter insurance line and on the digital-first insurance distribution model.
• Bikmo: UK cycling insurance specialist covering theft and damage for bikes and e-bikes. Highly comparable to Coverd's Coverd Bicycle/VAE Insurance product in terms of category, customer, and risk profile.
• Laka: UK cycling collective that provides theft and damage cover for bikes and e-bikes via a digital subscription model. Comparable to Coverd on category, target customer, and recurring subscription economics.
• Bolttech: Asia-headquartered device protection and insurtech platform offering mobile, electronics, and connected-device cover through carrier and retail partners globally. Comparable on device protection product set and embedded distribution approach.
• SquareTrade: US device protection provider (Allstate-owned) covering smartphones, electronics, and appliances. Direct comparable on device protection category and on partnership-driven distribution through retailers and carriers.
• Cuvva: UK mobile-first insurer offering flexible, app-based personal lines cover. Comparable to Coverd on the digital-first, consumer-facing, low-friction insurance proposition.
• Getsafe: Germany-based digital insurer offering mobile-first personal lines cover across multiple European markets. Comparable on digital distribution model and European expansion playbook.

Broad incumbents

• Lemonade: Public digital-first insurance carrier operating across multiple personal lines and geographies. Comparable on the AI/app-first UX playbook that Coverd pursues at much smaller scale.
• AXA: Global insurer with a large French retail footprint offering mobile and personal property cover. Broad incumbent that competes with Coverd in device insurance and can bundle protection with home/auto policies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/coverdnowg
• LinkedInlinkedin.com/company/coverdnow

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coverd