About Covario
Covario is a company based in San Diego (United States) founded in 2006 was acquired by Dentsu Aegis Network in September 2014.. Covario has raised $16 million across 3 funding rounds from investors including Dentsu Aegis Network, FTV Capital and Dubilier & Co.. The company has 199 employees as of December 31, 2022. Covario has completed 2 acquisitions, including Meteor Solutions and Netconcepts. Covario operates in a competitive market with competitors including BrightEdge, Moz, Botify, Mobilewalla and Dor, among others.
- Headquarter San Diego, United States
- Employees 199 as on 31 Dec, 2022
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Covario, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16 M (USD)
in 3 rounds
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Latest Funding Round
$16 M (USD), Series B
Jan 22, 2008
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Investors
Dentsu Aegis Network
& 3 more
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Employee Count
199
as on Dec 31, 2022
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Investments & Acquisitions
Meteor Solutions
& 1 more
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Acquired by
Dentsu Aegis Network
(Sep 17, 2014)
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Funding Insights of Covario
Covario has successfully raised a total of $16M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $16 million completed in January 2008. 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 B — $16.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2008 | Amount | Series B - Covario | Valuation | FTV Capital | |
| Jun, 2007 | Amount | Seed - Covario | Valuation |
investors |
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| Jan, 2007 | Amount | Seed - Covario | 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 Covario
Covario has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Dentsu Aegis Network, FTV Capital and Dubilier & Co.. 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 investment firm
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Founded Year | Domain | Location | |
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A private investment firm focused on middle-market company growth.
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Founded Year | Domain | Location | |
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Early-stage US tech investments are managed by Voyager Capital.
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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 Covario
Covario has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Meteor Solutions and Netconcepts. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Social media suite for influencer identification and engagement is offered.
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2009 | ||||
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Website development and digital marketing services are provided to clients.
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1995 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Covario
| 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 |
Covario Comparisons
Competitors of Covario
Covario 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 BrightEdge, Moz, Botify, Mobilewalla and Dor, 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 |
Search engine optimization tools for enterprises are provided.
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| domain | founded_year | HQ Location |
Search engine optimization analytics software is provided by Moz.
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| domain | founded_year | HQ Location |
SEO analytics and reporting are delivered via a cloud platform.
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| domain | founded_year | HQ Location |
AI-based data management platform
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| domain | founded_year | HQ Location |
In-store traffic is tracked and analyzed using infrared sensor devices.
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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 Covario
Frequently Asked Questions about Covario
When was Covario founded?
Covario was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is Covario located?
Covario is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Is Covario a funded company?
Covario is a funded company, having raised a total of $16M across 3 funding rounds to date.
How many employees does Covario have?
As of Dec 31, 2022, the latest employee count at Covario is 199.
What does Covario do?
Covario was a search marketing agency and technology firm. The company specialized in international search engine marketing services and provided software tools for SEO, paid search, social media marketing, analytics and local search optimization. Its customer base includes technology, consumer electronics, financial services, retail, ecommerce, media, entertainment, publishing, and consumer packaged goods organizations. Covario was acquired by the Dentsu Aegis Network in September 2014, and combined with iProspect, the networks performance marketing arm, in early 2015.
Who are the top competitors of Covario?
Covario's top competitors include BrightEdge, Moz and Botify.
How many acquisitions has Covario made?
Covario has made 2 acquisitions, including Meteor Solutions, and Netconcepts.
Who are Covario's investors?
Covario has 4 investors. Key investors include Dentsu Aegis Network, FTV Capital, Dubilier & Co., and Voyager Capital.