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Cove Fund

Investor type Micro VC
Founders Fred Selby Hans Imhof Howard Mirowitz John Kensey Mike Benvenuti Paul Voois

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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.
Total investments 34
Average round size
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The average size of a deal this fund participated in
$5M
Portfolio companies 26
Rounds per year 4.25
Lead investments 9
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.24
Key employees 2
Stages of investment
Seed

Areas of investment

  • Health Care
  • Software
  • SaaS
  • Analytics
  • Medical Device
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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Related Funds

Funds investing in previous rounds
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Typical Co-investors
Cove Fund is more likely to invest in rounds together with the following funds:
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These funds have a tendency to invest in the following rounds after Cove Fund:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

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

GoShare

Apps
Collaborative Consumption
Logistics
Marketplace
Ride Sharing
Shipping Broker
Transportation
Web Apps
$3M27 Oct 2021 San Diego, California, United States

Daasity

Analytics
Data Integration
Data Visualization
E-Commerce
$3M26 Mar 2021 San Diego, California, United States

Broadcasting
Marketing
Media and Entertainment
Music
Music Streaming
Video Streaming
$4M27 Feb 2021 California, United States

Vessel

Fitness
Health Care
Wellness
$14M27 Jan 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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