Covera Ventures

Total investments

51

Average round size

12M

Portfolio companies

32

Rounds per year

3.92

Lead investments

2

Follow on index

0.37

Exits

22

Stages of investment
Early Stage VentureLate Stage Venture
Areas of investment
BiotechnologyInfrastructureInternetSoftwareInformation TechnologyMobileSaaSEnterprise SoftwareMedicalVirtualization

Summary

In 2009 was created Covera Ventures, which is appeared as VC. The main department of described VC is located in the Austin. The company was established in North America in United States.

The fund has exact preference in some founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. Among the most popular portfolio startups of the fund, we may highlight Synageva BioPharma, Alert Logic, Softricity. Moreover, a startup needs to be at the age of 16-20 years to get the investment from the fund. Among the most popular fund investment industries, there are Medical, Information Technology. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.

The top amount of exits for fund were in 2009. The fund is constantly included in 2-6 deals per year. The typical startup value when the investment from Covera Ventures is 10-50 millions dollars. The real fund results show that this VC is 0 percentage points less often commits exit comparing to other companies. The common things for fund are deals in the range of 10 - 50 millions dollars. Comparing to the other companies, this Covera Ventures performs on 12 percentage points more the average number of lead investments. The important activity for fund was in 2007.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the Covera Ventures, startups are often financed by Prism Venture Management, Boston Millennia Partners, New Enterprise Associates. The meaningful sponsors for the fund in investment in the same round are Oak Investment Partners, Vesbridge Partners, Boston Millennia Partners. In the next rounds fund is usually obtained by Prism Venture Management, New Enterprise Associates, MPM Capital.

The overall number of key employees were 2.

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Investments analytics

Analytics

Total investments
51
Lead investments
2
Exits
22
Rounds per year
3.92
Follow on index
0.37
Investments by industry
  • Software (23)
  • Enterprise Software (11)
  • Biotechnology (10)
  • Information Technology (10)
  • Mobile (9)
  • Show 57 more
Investments by region
  • United States (51)
Peak activity year
2007
Number of Unicorns
1
Number of Decacorns
1

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Quantitative data

Avg. startup age at the time of investment
24
Avg. valuation at time of investment
297M
Group Appearance index
1.00
Avg. company exit year
14
Avg. multiplicator
13.34
Strategy success index
0.10

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Athenix 20 Jan 2004 Biotechnology, Chemical, Agriculture Early Stage Venture 12M United States, North Carolina, Raleigh
PHOTAVIA 01 May 2015 Health Care, Education, Media and Entertainment Seed 350K United States, Wisconsin, Franklin
SensorLogic 30 Apr 2008 Software, Mobile, Enterprise Software, Cloud Computing Late Stage Venture 9M United States, Addison, Texas

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