Covington Funds
8
5M
6
1
0.25
4
- Stages of investment
- Areas of investment
Summary
The company was established in North America in Canada. The main department of described VC is located in the Toronto.
The typical case for the fund is to invest in rounds with 2-3 participants. Despite the Covington Funds, startups are often financed by Tera Capital Corporation, P3 Technology Partners, Covington Associates. The meaningful sponsors for the fund in investment in the same round are VentureLink LP, VenGrowth Asset Management, TCV. In the next rounds fund is usually obtained by OMERS Ventures, VenGrowth Asset Management, Sprott Asset Management.
Besides them, we counted 3 critical employees of this fund in our database.
The top amount of exits for fund were in 2019. The common things for fund are deals in the range of 5 - 10 millions dollars. Opposing the other organizations, this Covington Funds works on 4 percentage points more the average amount of lead investments. Considering the real fund results, this VC is 13 percentage points more often commits exit comparing to other organizations. The high activity for fund was in 2012. The fund is constantly included in less than 2 investment rounds annually.
For fund there is a match between the country of its foundation and the country of its the most frequent investments - Canada. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. Among the most popular fund investment industries, there are Health Care, Enterprise. The fund has exact preference in a number of founders of portfolio startups. Among the various public portfolio startups of the fund, we may underline Fusebill, Azelon Pharmaceuticals, Embotics
Investments analytics
Analytics
- Total investments
- 8
- Lead investments
- 1
- Exits
- 4
- Follow on index
- 0.25
- Investments by industry
- Software (5)
- Subscription Service (2)
- Finance (2)
- Accounting (2)
- Billing (2) Show 16 more
- Investments by region
-
- Canada (6)
- United States (2)
- Peak activity year
- 2012
Discover reliable insights
Leverage validated data, identify key contacts and secure funding opportunities for your business.Quantitative data
- Avg. startup age at the time of investment
- 21
- Avg. valuation at time of investment
- 35M
- Group Appearance index
- 0.88
- Avg. company exit year
- 14
- Avg. multiplicator
- 2.23
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Latest deals
| Company name | Deal date | Industry | Deal stage | Deal size | Location |
|---|---|---|---|---|---|
| Embotics | 12 Jun 2012 | Software, Cloud Computing, Virtualization | Late Stage Venture | 8M | Canada, Ontario, (Old) Ottawa |
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