Covalent
Signal active
Investment Firm
Overview
Covalent is set out to solve a problem that’s often overlooked: the read-scalability problem. The blockchains are designed for transaction and settlement throughput while reading from blockchain nodes is difficult. Covalent’s thesis is that by solving read-scalability, we would enable use-cases that were as of then unknown. Covalent further took the solution up a notch by introducing a normalized data model and exposing it behind a Unified API. Covalent Unified API now supports 32 blockchains (still growing), 1000+ applications and over 27,000 developers.
Highlights
Founded
2018
Industry
Information Technology
Employees
11-50
Investment
1
Lead Investment
1
Exits
undefined
Stages
N/A
Investor Type
N/A
Location
North America
Contact Information
Social
Profile Resume
Covalent, established in 2018 and headquartered in North America., specializes in investments across . Their recent investments include . The highest investment round they participated in was $60.0K. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
N/A
investments
1
Diversity investments
0
Lead investments
1
Number of exits
undefined
Investments
1
| Annouced Date | Organization Name | Industry | Money Raised |
|---|---|---|---|
| Feb 17, 2024 | - | - | 15.0K |
Exits
0
Funding Timeline
Funding rounds
1
Investors
30
Funds
0
Funding Rounds
1
Covalent has raised 1 rounds. Their latest funding was raised on Feb 17, 2024 from a Grant - BerryLab round.
| Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
|---|---|---|---|---|
| Feb 17, 2024 | Grant - BerryLab | - | 15.0K | - |
Investors
27
Covalent is funded by 27 investor(s). CMCC Global and Double Peak Group Kantor are the most recent investors.
| Investor Name | Lead Investor | Funding Round | Money Raised |
|---|---|---|---|
ZBS CAPITAL | No | Venture Round - Covalent | 3.7M |
Moonrock Capital | No | Venture Round - Covalent | 3.7M |
Double Peak Group | No | Venture Round - Covalent | 3.7M |
CMCC Global | No | Venture Round - Covalent | 3.7M |
Fund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
| Annouced Date | Fund Name | Money Raised |
|---|---|---|
| May 10, 2013 | OTPPLESS | 1.0M |
| May 11, 2013 | OTPPLESS | 1.0M |
Invest in industries
Recent Activity
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