About AuditCover
AuditCover is a company based in Sydney (Australia) founded in 2018.. AuditCover has raised $1.7 million across 1 funding round from investors including Greenlight Re, Hunter Equity Group and Ron Lesh. AuditCover offers products and services including Tax Audit Insurance. AuditCover operates in a competitive market with competitors including Quantexa, ComplyAdvantage, Riskified, Alloy and Megvii, among others.
- Headquarter Sydney, Australia
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Auditcover Australia Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.7 M (USD)
in 1 rounds
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Latest Funding Round
$1.7 M (USD), Seed
Mar 24, 2022
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Investors
Greenlight Re
& 3 more
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Employee Count
Employee Count
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Products & Services of AuditCover
AuditCover offers a comprehensive portfolio of products and services, including Tax Audit Insurance. 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.
Protects against tax audit defense fees with personalized policies.
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Leadership Team
4 people
Product Management Team
1 people
Strategic Team
1 people
Board Team
1 people
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Funding Insights of AuditCover
AuditCover has successfully raised a total of $1.7M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.7 million completed in March 2022. 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 1
- Last Round Seed — $1.7M
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First Round
First Round
(24 Mar 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - AuditCover | Valuation | Hunter Equity Group |
| 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 AuditCover
AuditCover has secured backing from 4 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Greenlight Re, Hunter Equity Group and Ron Lesh. 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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Founded Year | Domain | Location | |
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Property and casualty reinsurance is provided to global insurers.
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Founded Year | Domain | Location | |
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RL
Ron Lesh |
Angel investor and entrepreneur, co-founder of Bango, focused on mobile payments.
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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 AuditCover
| 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 - AuditCover
| 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 |
Auditcover Comparisons
Competitors of AuditCover
AuditCover 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 Quantexa, ComplyAdvantage, Riskified, Alloy and Megvii, 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 |
AI-powered data and decision intelligence solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based anti-money laundering solutions are provided for compliance.
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| domain | founded_year | HQ Location |
Identity decisioning platform is provided for banks and fintech firms.
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| domain | founded_year | HQ Location |
Facial recognition and AI video analysis solutions are provided.
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| domain | founded_year | HQ Location |
Provider of fraud prevention and payment validation for online retailers
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Auditcover
Frequently Asked Questions about AuditCover
When was AuditCover founded?
AuditCover was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is AuditCover located?
AuditCover is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is AuditCover a funded company?
AuditCover is a funded company, having raised a total of $1.7M across 1 funding round to date. The company's 1st funding round was a Seed of $1.7M, raised on Mar 24, 2022.
What does AuditCover do?
AuditCover was founded in 2018 and is based in Sydney, Australia. An online platform is operated in the insurance sector, where tax audit coverage is provided for individuals, businesses, accounting firms, financial planners, advisers, and service providers. Claims support solutions are also delivered to assist users during audits. Operations focus on streamlined digital access to these protective services.
Who are the top competitors of AuditCover?
AuditCover's top competitors include ComplyAdvantage, Riskified and Quantexa.
What products or services does AuditCover offer?
AuditCover offers Tax Audit Insurance.
Who are AuditCover's investors?
AuditCover has 4 investors. Key investors include Greenlight Re, Hunter Equity Group, Ron Lesh, and Guy Pearson.