Co-founder and CEO, Cover Genius
| Role | Organisation | Sources |
|---|---|---|
| Co-founder and CEO | Cover Genius | SmartCompany (Tue 21 Jul 2026), Forbes Australia, SmartCompany (Fri 17 May 2024), coverager.com, Australian FinTech, Startup Daily |
| Exec (former) | Yahoo | Startup Daily |
Stories naming Angus McDonald. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Insurtech Cover Genius, previously ranked first on the Smart50 list, has secured $143 million from Vista Credit Partners at a valuation above $2 billion, with funds earmarked for AI development and acquisitions.
Australian insurtech momentum examined: Honey Insurance's Series A and Cover Genius's raise led Q2 2024 funding, while an Airtree partner argues incumbents have left insurance open to technology-driven challengers.
Also SmartCompany
Weekly roundup covering five Australian startups' raises: an insurtech Series E, a digital ID Series A, medtech and proptech funding, and a recycling platform's equity crowdfunding campaign.
Cover Genius has landed a Series E round of 80 million dollars, with Spark Capital leading and prior backers Dawn, King River and G Squared joining; lifetime funding now sits near 245 million.
Insurtech Cover Genius has bought ticket-protection specialist Booking Protect, bringing its partners onto the XCover embedded insurance platform and expanding Cover Genius's ticketing and live entertainment presence.
Sydney insurtech Cover Genius raised a $100 million Series C led by Sompo Holdings to reach unicorn valuation, with G Squared participating, capping a strong month for Australian startup funding rounds.