About Alcove
Alcove is a company based in New York (United States) founded in 2022 by Mars Garza and Marley Rafson. It operates as a SaaS (Software-as-a-Service), and Professional Services. Alcove has raised $5.97 million across 2 funding rounds from investors including Seven Seven Six and XYZ Venture Capital. Alcove offers products and services including Carbon Tech Stack and Advisory Services. Alcove operates in a competitive market with competitors including Xpansiv, APX, Varaha, Abatable and Invert, among others.
- Headquarter New York, United States
- Founders Mars Garza, Marley Rafson
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Sectors
Environment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Alcove, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.97 M (USD)
in 2 rounds
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Latest Funding Round
$3 M (USD), Seed
Mar 22, 2023
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Investors
Seven Seven Six
& 1 more
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Employee Count
Employee Count
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Products & Services of Alcove
Alcove offers a comprehensive portfolio of products and services, including Carbon Tech Stack and Advisory Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Data management for carbon removal projects is provided.
Support for early-stage carbon project compliance is offered.
Funding Insights of Alcove
Alcove has successfully raised a total of $5.97M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $3.0M
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First Round
First Round
(08 Sep 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Seed - Alcove | Valuation | Seven Seven Six | |
| Sep, 2022 | Amount | Seed - Alcove | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Alcove
Alcove has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Seven Seven Six and XYZ Venture Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund focused on investing in technology startups
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Founded Year | Domain | Location | |
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Investments in early-stage companies are managed by XYZ Venture Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Alcove
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Alcove
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alcove Comparisons
Competitors of Alcove
Alcove operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Xpansiv, APX, Varaha, Abatable and Invert, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offsets and renewable energy marketplace
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| domain | founded_year | HQ Location |
Environmental registries and energy market services are provided by APX.
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| domain | founded_year | HQ Location |
SaaS solutions for carbon removal and sustainable agriculture are provided.
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| domain | founded_year | HQ Location |
Carbon footprints are calculated and offset through an online platform.
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| domain | founded_year | HQ Location |
Invert is engaged in carbon reduction and removal solutions.
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| domain | founded_year | HQ Location |
Blockchain-enabled investments in carbon instruments are offered online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Alcove
When was Alcove founded?
Alcove was founded in 2022.
Where is Alcove located?
Alcove is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Alcove a funded company?
Alcove is a funded company, having raised a total of $5.97M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.97M, raised on Sep 08, 2022.
What does Alcove do?
Comprehensive software tools and advisory services are offered by Alcove to manage data across carbon removal pathways. Operations in RD and scaling project sites are supported with integrated solutions. Compliance with registry methodologies, life cycle assessments, and carbon credit management is streamlined. Efficiency in administrative tasks is driven, reducing costs and audit burdens. The environmental tech sector, focusing on carbon management, is primarily served.
What products or services does Alcove offer?
Alcove offers Carbon Tech Stack and Advisory Services.
Who are Alcove's investors?
Alcove has 2 investors. Key investors include Seven Seven Six, and XYZ Venture Capital.