About Covage
Covage is a company based in Sevres (France) founded in 2006 was acquired by Sfr Ftth in November 2019.. Covage offers products and services including Fibre optique mutualisée, Fibre optique dédiée, Fibre optique noire, and Mobile. Covage operates in a competitive market with competitors including TiBit Communications, Teknovus, Opulan Technology, TOF Group and HiOSO Technology, among others.
- Headquarter Sevres, France
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$169.52 M (USD), Debt – Conventional
Jan 30, 2023
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Investors
Partners Group
& 5 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Covage
Covage offers a comprehensive portfolio of products and services, including Fibre optique mutualisée, Fibre optique dédiée, Fibre optique noire, and Mobile. 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.
Mutualised fibre for professional connectivity needs
Dedicated fibre solutions for enterprise networks
Raw fibre for custom interconnections in France
Mobile services tailored for business operations
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Funding Insights of Covage
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $169.5M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Debt – Conventional - Covage | Valuation |
investors |
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| Jun, 2016 | Amount | Private Equity Round - Covage | Valuation |
investors |
| 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 Covage
Covage has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Partners Group, Norddeutsche Landesbank and OMERS Infrastructure. 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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Private equity funds are managed across multiple sectors globally.
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Founded Year | Domain | Location | |
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Venture capital fund focused on clean energy investments
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Founded Year | Domain | Location | |
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Provides banking, financing, investment, and risk management services to businesses and individuals.
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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 Covage
| 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 - Covage
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Covage Comparisons
Competitors of Covage
Covage 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 TiBit Communications, Teknovus, Opulan Technology, TOF Group and HiOSO Technology, 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 |
Modules to virtualize access network using optical switches
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| domain | founded_year | HQ Location |
Ethernet passive optical networking chipsets are provided for various applications.
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| domain | founded_year | HQ Location |
Develops ASICs and ASSPs tailored for the telecommunications industry.
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| domain | founded_year | HQ Location |
Fiber optics network construction services are provided by TOF Group.
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| domain | founded_year | HQ Location |
Manufactures high-quality EPON components for telecommunications networks.
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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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Latest news on Covage
Frequently Asked Questions about Covage
When was Covage founded?
Covage was founded in 2006 and raised its 1st funding round 10 years after it was founded.
Where is Covage located?
Covage is headquartered in Sevres, France. It is registered at Sevres, Hauts-de-seine, France.
What does Covage do?
Covage provides a fiber-optic network to telecom operators, residential and business customers in France. It offers fiber-optic broadband internet access with data speeds up to 10 Gbps, multiple speed based internet plans, and installation services. It claims to provide these services to 3M (homes and businesses), 200 Operators for Business (FTTO), 13 Personal Operators (FTTH), 45 Public and private fiber networks, and 20 Local agencies.
Who are the top competitors of Covage?
Covage's top competitors include TiBit Communications, Teknovus and TOF Group.
What products or services does Covage offer?
Covage offers Fibre optique mutualisée, Fibre optique dédiée, Fibre optique noire, and Mobile.
Who are Covage's investors?
Covage has 6 investors. Key investors include Partners Group, Norddeutsche Landesbank, OMERS Infrastructure, Allianz Capital Partners, and Cube Infrastructure Managers.
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