Sidley Advises Ambac in US$15.5 Million Seed Funding of Cover Whale
October 7, 2021
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Sidley advised Ambac Financial Group, Inc. as a lead investor with TigerRisk Partners’ Applied Financial Technologies subsidiary in a US$15.5 million seed funding of Cover Whale Insurance Solutions, Inc.
Cover Whale, founded by experienced insurance and technology veterans, is an insurtech MGA in the commercial auto space that focuses on underwriting, technology, and data to launch innovative insurance programs.
The Sidley team was led by Michael Devins (Insurance), and included Sandi Knox (Emerging Companies and Venture Capital) and Pam Martinson (Global Finance).