Covington Advises Flyreel on $10M Series A Financing Led by IA Capital Group

PALO ALTO—Covington advised Flyreel, which offers insurance-specific AI for commercial and residential property insurance providers, in a $10 million Series A financing led by IA Capital Group.

Flyreel’s powerful AI mobile app, Property AI Assistant, guides policyholders through contact-free and fully-automated self-inspections. As policyholders scan their property, Flyreel’s proprietary computer vision technology automatically documents important details, like property features, risks, hazards, materials, and other key data to improve underwriting and claims processes. This financing will enable Flyreel to continue serving its growing list of customers while expanding its product line and platform features to deliver further integration and automation across the insurance value chain.

The Covington team included Tom DeFilipps, Yuki Ku, Henry Bett, Ana Duong, Christen Sewell, and Caterina Benson.