Insurtech startup Riskcovry gets $4.5 million in bridge round

Insurtech startup Riskcovry has raised around $4.5 million in a bridge round of funding led by Dubai-based business-to-business fund Morphosis Venture Capital. Indian financial services player IIFL also participated in this round.

The round has a small secondary component which offered liquidity to some of its employees and exit to early investors.