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COVU Secures an Additional $12.5 Million in Series A Funding 📈🎉

PRESS RELEASE

COVU Appoints Teh Chen as Head of Sales and Agency Partnerships

[Redwood City, July 15th, 2024] – COVU, the leading tech-enabled partner for insurance agencies, is ecstatic to announce the appointment of Teh Chen as the new Head of Sales and Agency Partnerships. Teh Chen is recognized as one of the top talents in the industry, bringing unparalleled experience and a proven track record of success in scaling revenue, building elite sales teams, and forging strong channel partnerships within the insurtech, insurance, and fintech sectors.

 

Teh Chen joins COVU following his remarkable tenure at Hourly Inc., where he served as Chief Revenue Officer. At Hourly Inc., Teh drove a 4X revenue growth year-over-year and steered the company from its Seed stage through Series A funding. His strategic vision and leadership were instrumental in transforming the company’s revenue trajectory.

 

Beyond Hourly Inc., Teh has held influential leadership roles at Great American Insurance, Pie Insurance, and Employers Insurance Group. His expertise in crafting go-to-market strategies, managing national brokerage relationships, and leading expansive national growth initiatives has consistently delivered extraordinary results.

“We are beyond thrilled to welcome Teh Chen to the COVU family,” said Ali Safavi, CEO of COVU. “Teh’s exceptional ability to drive revenue growth and his profound understanding of the insurance landscape make him the ideal leader to elevate our agency partnerships. His leadership will be pivotal in taking COVU to unprecedented heights.”

 

Teh Chen holds a BA in Business Economics from the University of California, Los Angeles, and an MBA from California State University, Dominguez Hills.

 

“I am incredibly excited to join COVU and collaborate with such a dynamic and forward-thinking team,” said Teh Chen. “I look forward to leveraging my experience to build robust partnerships and contribute to the company’s mission of empowering insurance agencies to thrive in today’s competitive market.”

 

For more information about COVU and its comprehensive solutions for insurance agencies, please visit www.covu.com.

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About COVU

 

COVU is a tech-enabled partner for insurance agencies, offering a holistic ecosystem that includes state-of-the-art AI technology, licensed support staff, market access, and world-class experts. COVU’s all-in-one solution empowers insurance agencies to focus on strategic growth, enhance customer experience, and future-proof their business.

 

Contact:

 

press@covu.com

COVU, Inc.

370 Convention Way

Redwood City, CA 94063

https://covu.com/press

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