About Covalent HQ
Covalent HQ is a company based in Vancouver (Canada) founded in 2018. Covalent HQ has raised $10.1 million across 4 funding rounds from investors including NEAR Protocol, Ava Labs and MultiversX. Covalent HQ has completed 1 acquisition, including Byzantine Labs. Covalent HQ operates in a competitive market with competitors including Galxe, QuickNode, Covalent, Coin Metrics and Origin Protocol, among others.
- Headquarter Vancouver, Canada
- SectorsTechnologyFinancial Services
- Email••••••••
- Website covalenthq.com
- Social LinkedIn X Facebook YouTube
- Legal Name Covalent
- Total Equity Funding$10.1M (USD)
in 4 rounds
- Latest Funding Round$5M (USD), Series B
Jun 2024
- InvestorsNEAR Protocol
& 17 more
- Investments & Acquisitions
Apps and channels of Covalent HQ
its YouTube channel Covalent has 2.91K subscribers and 30 videos.
Videos from Covalent HQ
The most watched videos on Covalent HQ's YouTube channel, Covalent (2.91K subscribers). Click a video to play it here.
More on Covalent.
Funding Insights of Covalent HQ
Covalent HQ has successfully raised a total of $10.1M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in June 2024. 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 $10.1M
- Total Rounds 4
- Last Round Series B — $5M
- First Round $3.1M
(Oct 2020)
- Investors Count 18
All 4 funding rounds of Covalent HQ with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2024 | $5M | Series B | – | RockTree Capital | |
| Apr 2021 | $12.16M | Token Sale | – | – | – |
| Mar 2021 | $2M | Series A | – | Hashed | |
| Oct 2020 | $3.1M | Series A | – | Woodstock, Mechanism Capital |
18 investors in total: 18 institutional.
Investors in Covalent HQ
Covalent HQ has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include NEAR Protocol, Ava Labs and MultiversX.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm making investment on blockchain | – | cmcc.vc | Hong Kong, China | |
Investments in tech startups are made by Moonrock Capital. | – | moonrockcapital.io | Munich, Germany | |
Venture capital fund focused on crypto-assets | – | hashed.com | Seoul, South Korea | |
Hypersphere Capital is focused on crypto-native investment opportunities. | 2020 | hypersphere.ventures | - | |
Delphi Ventures is focused on investments in decentralized technologies. | – | delphiventures.io | - | |
Woodstock is engaged in investing in Web 3.0 technologies. | – | woodstockfund.com | - | |
Blockchain sectors are targeted for investments by AU21 Capital. | – | au21.capital | San Francisco, United States | |
- | – | coingecko.ventures | - | |
Manages diversified investment portfolios across various asset classes. | 2010 | rocktreecapital.com | New York, United States | |
Public blockchain network platform | 2017 | near.org | Zug, Switzerland |
Investor details for Covalent HQ
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
People of Covalent HQ
2 people are tracked at Covalent HQ (2 in leadership).
| Name | Role | Group |
|---|---|---|
Ganesh Swami | Co-Founder | Leadership |
Levi Aul | Co-Founder | Leadership |
Complete people profiles for Covalent HQ
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Investments & Acquisitions by Covalent HQ
Covalent HQ has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Byzantine Labs.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Diversified application development services are provided across various domains. | byzantinelabs.com | Vancouver, Canada | 2018 | Dec 2020 | •••• |
Complete acquisition details for Covalent HQ
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Complete history
- Exports
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Timeline of Covalent HQ
4 dated milestones of Covalent HQ across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Covalent HQ is founded.
- Funding First funding round of $3.1M.
- Acquisition Acquires Byzantine Labs.
- Funding Latest funding round, Series B, of $5.0M.
Competitors of Covalent HQ
Covalent HQ 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 Galxe, QuickNode, Covalent, Coin Metrics and Origin Protocol, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| galxe.com | 2021 | San Mateo, United States | $10M | – | Infrastructure for Web3 credential curation from multiple sources is offered. | |
| quicknode.com | 2017 | Miami, United States | $105.77M | – | Blockchain node infrastructure and dApp APIs are provided. | |
| covalent.ai | 2018 | Singapore | – | – | Blockchain protocol for data privacy and monetization is offered. | |
| coinmetrics.io | 2017 | Boston, United States | $64.63M | – | Crypto asset market and network data is provided to institutions. | |
| originprotocol.com | 2017 | San Francisco, United States | $31.5M | 11 | A blockchain platform is provided for building decentralized marketplaces. | |
| amberdata.io | 2017 | Palo Alto, United States | $47.09M | – | Cryptocurrency market data is delivered via a financial database. | |
| coingecko.com | 2014 | Singapore | – | – | Cryptocurrency assets are tracked and ranked across global exchanges. | |
| helius.dev | 2022 | Remote, United States | $34.35M | – | Solana blockchain development is enabled via APIs and RPCs. | |
| digitalasset.com | 2014 | New York, United States | $317.16M | – | Blockchain platforms for business applications are developed and provided. |
Detailed competitors of Covalent HQ
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Covalent HQ
The website of Covalent HQ (covalenthq.com) receives about 21.5K visits a month.
- Monthly visits21.5K
▲ 7.9% vs previous month
Websites whose visitors overlap most with Covalent HQ. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| alchemy.com | 100% | 716.9K | #57,305 | View details | |
covalentapi.com | covalentapi.com | 32% | – | #6,746,941 | – |
Latest news on Covalent Hq
Complete news archive for Covalent HQ
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
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- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Covalent HQ
10 companies that operate in the same segment as Covalent HQ (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | – | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 973.19 M | – | – | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | – | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 597.81 M | – | – | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | – |
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Frequently Asked Questions about Covalent HQ
Covalent HQ was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Covalent HQ is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Covalent HQ is a funded company, having raised a total of $10.1M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3.1M, raised on Oct 2020.
Covalent was founded in 2018 in Vancouver, Canada, as a provider in the blockchain and AI sectors. Data infrastructure is offered for multiple blockchains, including a co-processor suited to high-speed and modular setups. Tools for developing autonomous AI agents are supplied, enabling collaborative task execution. Infrastructure support is extended to organizations using AI agents, smart contracts, and onchain data for operational needs.
Covalent HQ's top competitors include Digital Asset, Galxe and Coin Metrics.
Covalent HQ has made 1 acquisition, including Byzantine Labs.
Covalent HQ has 18 investors. Key investors include NEAR Protocol, Ava Labs, MultiversX, Moonbeam, and RockTree Capital.
Covalent HQ operates through Covalent.