Cover Whale Insurance Solutions, Inc. secures $40 million in equity financing from Morgan Stanley Expansion Capital to enhance technology, analytics, and expand insurance products for connected commercial auto insurance. Founded in 2020, Cover Whale offers a platform for agents to bind trucking policies online quickly, with real-time telematics for continuous underwriting. CEO Dan Abrahamsen highlights progress in strengthening infrastructure, service, and pricing models. In the first half of 2025, $133 million in gross written premiums were reported, on track to reach $277 million for the full year. Morgan Stanley expresses confidence in Cover Whale’s growth potential. MS trades at $142.11 on the NYSE.

Read more at Nasdaq: Cover Whale Secures $40 Mln Equity Investment From Morgan Stanley To Fuel Tech And Product Expansion