About Covalent Data
Covalent Data is a company based in Denver (United States) founded in 2011 was acquired by Wellspring in July 2017.. Covalent Data has raised $4.75 million across 3 funding rounds from investors including Wellspring and High Country Ventures. Covalent Data offers products and services including Accolade, Scout, Evolve, and Astria. Covalent Data operates in a competitive market with competitors including ProQuest, ResearchGate, Authorea, Research Solutions and eMolecules, among others.
- Headquarter Denver, United States
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Sectors
Healthcare
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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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Total Equity Funding
$4.75 M (USD)
in 3 rounds
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Latest Funding Round
$1.2 M (USD), Series A
Apr 07, 2016
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Investors
Wellspring
& 1 more
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Employee Count
Employee Count
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Acquired by
Wellspring
(Jul 10, 2017)
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Products & Services of Covalent Data
Covalent Data offers a comprehensive portfolio of products and services, including Accolade, Scout, Evolve, and Astria. 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.
Tool for managing innovation processes and strategies
Platform for searching and identifying technologies
Software for evolving innovation strategies
System for handling intellectual property tasks
Funding Insights of Covalent Data
Covalent Data has successfully raised a total of $4.75M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.2 million completed in April 2016. 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 3
- Last Round Series A — $1.2M
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First Round
First Round
(28 Jun 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Series A - Covalent Data | Valuation | High Country Ventures |
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| Nov, 2013 | Amount | Series A - Covalent Data | Valuation | High Country Ventures |
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| Jun, 2012 | Amount | Seed - Covalent Data | 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 Covalent Data
Covalent Data has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Wellspring and High Country Ventures. 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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Early-stage centric life sciences and tech focused VC firm investing primarily in the US
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AI platform for technology scouting and corporate venturing is offered.
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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 Covalent Data
| 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 - Covalent Data
| 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 |
Covalent Data Comparisons
Competitors of Covalent Data
Covalent Data 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 ProQuest, ResearchGate, Authorea, Research Solutions and eMolecules, 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 |
Research content is delivered via online platforms to libraries.
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| domain | founded_year | HQ Location |
Online community for scientists
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| domain | founded_year | HQ Location |
Collaborative platform for research and learning
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| domain | founded_year | HQ Location |
AI-powered solutions for scholarly content access and management are provided.
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| domain | founded_year | HQ Location |
Provider of an online search engine for uncharted chemical and biological for drug discovery
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| domain | founded_year | HQ Location |
Research management and collaboration are enabled via a web/mobile platform.
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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 Covalent Data
Frequently Asked Questions about Covalent Data
When was Covalent Data founded?
Covalent Data was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Covalent Data located?
Covalent Data is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Is Covalent Data a funded company?
Covalent Data is a funded company, having raised a total of $4.75M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.05M, raised on Jun 28, 2012.
What does Covalent Data do?
Founded in 2011 and based in Denver, United States, Covalent Data operates in the technology sector as a platform for licensing and innovation intelligence. Public and private data sets are integrated to map the global innovation landscape, enabling the tracking of inventions from initial research to commercialization. Trends are analyzed, opportunities are evaluated, and connections among ecosystem participants are facilitated.
Who are the top competitors of Covalent Data?
Covalent Data's top competitors include ProQuest, ResearchGate and Research Solutions.
What products or services does Covalent Data offer?
Covalent Data offers Accolade, Scout, Evolve, and Astria.
Who are Covalent Data's investors?
Covalent Data has 2 investors. Key investors include Wellspring, and High Country Ventures.
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