About Covalent HQ
Covalent HQ is a Technology company based in Vancouver (Canada) founded in 2018. Blockchain data infrastructure and AI agent tools are provided. It operates in the Technology and Financial Services sectors. 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. Its website covalenthq.com draws about 22 thousand monthly visits. Its focus areas include High Tech, Blockchain Infrastructure, Application Development Platforms and Blockchain Data API. Its legal entity is Covalent.
Company details
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.
- Headquarters 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.
- Complete investor list
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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.
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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.
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 | – |
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Related news about Covalent Hq
Complete news archive for Covalent HQ
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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 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.