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Cove Fund

Founders Fred Selby Hans Imhof Howard Mirowitz John Kensey Mike Benvenuti Paul Voois

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 39
Average round size
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The average size of a deal this fund participated in
$5M
Portfolio companies 29
Rounds per year 4.33
Lead investments 9
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.26
Key employees 2
Stages of investment
Seed

Areas of investment

  • Software
  • Health Care
  • SaaS
  • Medical Device
  • Analytics
Summary

Cove Fund appeared to be the VC, which was created in 2018. The leading representative office of defined VC is situated in the Irvine. The fund was located in North America if to be more exact in United States.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the Cove Fund, startups are often financed by EvoNexus, Frost Data Capital, Tech Coast Angels. The meaningful sponsors for the fund in investment in the same round are Tech Coast Angels, Serra Ventures, Mark IV Capital. In the next rounds fund is usually obtained by Tech Coast Angels, Mitsubishi UFJ Capital, Grey Sky Venture Partners.

This organization was formed by Fred Selby, Hans Imhof, Howard Mirowitz, John Kensey, Mike Benvenuti, Paul Voois. The overall number of key employees were 2.

The fund is constantly included in 2-6 investment rounds annually. The real fund results show that this VC is 53 percentage points more often commits exit comparing to other companies. The important activity for fund was in 2016. The common things for fund are deals in the range of 1 - 5 millions dollars.

Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. The fund has exact preference in some founders of portfolio startups. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most successful fund investment fields, there are Mobile, Gaming. Among the most popular portfolio startups of the fund, we may highlight Capillary Biomedical, VYRL, OnSite Waste Technologies.

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These funds have a tendency to invest in the following rounds after Cove Fund:

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Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Occuspace

Commercial Real Estate
Facilities Support Services
Facility Management
Information Technology
Smart Building
Software
$3M24 Aug 2023 Westlake Village, California, United States

GroGuru

Agriculture
AgTech
Farming
GreenTech
Software
$2M03 Aug 2023 San Diego, California, United States

VECKTA

Clean Energy
Energy
Energy Efficiency
Software
27 Jun 2023 San Diego, California, United States

Cari Health

Biotechnology
Health Care
Medical Device
$2M10 Jan 2023 San Diego, California, United States

Celitech

B2B
Internet
Mobile
SaaS
Telecommunications
Travel
Wireless
$1M17 Aug 2022 Santa Clarita, California, United States

VECKTA

Clean Energy
Energy
Energy Efficiency
Software
$3M12 Jul 2022 San Diego, California, United States

Carlsmed

Analytics
Artificial Intelligence
Health Care
Medical Device
$30M19 Apr 2022 San Diego, California, United States

Daasity

Analytics
Data Integration
Data Visualization
E-Commerce
$15M14 Jan 2022 San Diego, California, United States

Lynx Biosciences, Inc.

Biotechnology
Health Care
03 Nov 2021 San Diego, California, United States
News
Daasity Raises $3.4M in Seed Funding

– Daasity is a premiere analytics and data platform that empowers direct-to-consumer and omni-channel brands to understand and leverage their data.
– The company raised $3.4m in seed funding.
– The round was led by VMG Catalyst with participation from Centre Street Partners, Cove Fund, Exeter Capital, 1855 Capital, Mooring Ventures, Okapi Venture Capital, and Serra Ventures.
– The new investment will be used to expand the team, further develop the platform and product, and increase marketing efforts.

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Total investments 39
Average round size 5M
Rounds per year 4.33
Peak activity year 2020
Lead investments 9
Follow on index 0.26
Group Appearance index 0.77

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Occuspace

Commercial Real Estate
Facilities Support Services
Facility Management
Information Technology
Smart Building
Software
$3M24 Aug 2023 Westlake Village, California, United States

GroGuru

Agriculture
AgTech
Farming
GreenTech
Software
$2M03 Aug 2023 San Diego, California, United States

VECKTA

Clean Energy
Energy
Energy Efficiency
Software
27 Jun 2023 San Diego, California, United States

Cari Health

Biotechnology
Health Care
Medical Device
$2M10 Jan 2023 San Diego, California, United States

Celitech

B2B
Internet
Mobile
SaaS
Telecommunications
Travel
Wireless
$1M17 Aug 2022 Santa Clarita, California, United States

VECKTA

Clean Energy
Energy
Energy Efficiency
Software
$3M12 Jul 2022 San Diego, California, United States

Carlsmed

Analytics
Artificial Intelligence
Health Care
Medical Device
$30M19 Apr 2022 San Diego, California, United States

Daasity

Analytics
Data Integration
Data Visualization
E-Commerce
$15M14 Jan 2022 San Diego, California, United States

Lynx Biosciences, Inc.

Biotechnology
Health Care
03 Nov 2021 San Diego, California, United States
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