About Covaro
Covaro is a company based in A Coruna (Spain) founded in 2003 was acquired by ADVA Optical Networking in October 2005.. Covaro has raised $25.3 million across 1 funding round from investors including ADVA Optical Networking, CenterPoint Ventures and InterWest. Covaro offers products and services including Domain Selling Service and Domain Search Tool. Covaro operates in a competitive market with competitors including Metaswitch, PacketFabric, Teridion, Megaport and Meta Networks, among others.
- Headquarter A Coruna, Spain
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25.3 M (USD)
in 1 rounds
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Latest Funding Round
$25.3 M (USD), Series B
Feb 22, 2004
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Investors
ADVA Optical Networking
& 4 more
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Employee Count
Employee Count
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Acquired by
ADVA Optical Networking
(Oct 17, 2005)
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Products & Services of Covaro
Covaro offers a comprehensive portfolio of products and services, including Domain Selling Service and Domain Search Tool. 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.
Platform for purchasing and renting domain names.
Tool to find and evaluate domain names for sale.
Funding Insights of Covaro
Covaro has successfully raised a total of $25.3M through 1 strategic funding round. The most recent funding activity was a Series B round of $25.3 million completed in February 2004. 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 1
- Last Round Series B — $25.3M
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First Round
First Round
(22 Feb 2004)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2004 | Amount | Series B - Covaro | Valuation | Centennial Ventures |
| 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 Covaro
Covaro has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include ADVA Optical Networking, CenterPoint Ventures and InterWest. 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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Founded Year | Domain | Location | |
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Early-stage investing in IT and healthcare ventures.
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Founded Year | Domain | Location | |
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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 Covaro
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Covaro
| 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 |
Covaro Comparisons
Competitors of Covaro
Covaro 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 Metaswitch, PacketFabric, Teridion, Megaport and Meta Networks, 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 |
SoftSwitch and VOIP solutions are provided for cloud-based communication networks.
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| domain | founded_year | HQ Location |
Software-controlled cloud services for network interconnections are provided.
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| domain | founded_year | HQ Location |
Cloud-based SDN networking solutions provider
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| domain | founded_year | HQ Location |
Platform offering cloud integration and connectivity solutions
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| domain | founded_year | HQ Location |
Zero-trust Network as a service provider
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| domain | founded_year | HQ Location |
Virtual network infrastructure is delivered via SDN for internet acceleration.
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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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Frequently Asked Questions about Covaro
When was Covaro founded?
Covaro was founded in 2003 and raised its 1st funding round 1 year after it was founded.
Where is Covaro located?
Covaro is headquartered in A Coruna, Spain. It is registered at A Coruna, Galicia, Spain.
Is Covaro a funded company?
Covaro is a funded company, having raised a total of $25.3M across 1 funding round to date. The company's 1st funding round was a Series B of $25.3M, raised on Feb 22, 2004.
What does Covaro do?
Covaro Networks was founded in 2003 and is based in A Coruna, Spain. Ethernet demarcation products are developed by the company for WAN applications, enabling carriers to deliver Ethernet services over copper, fiber, SONET, and DS3DS1 infrastructures. The firm, previously known as Arriso Networks, was renamed in October 2002. Acquisition by ADVA Optical Networking occurred in October 2005 to enhance its Fiber Service Platform.
Who are the top competitors of Covaro?
Covaro's top competitors include Metaswitch, Megaport and Puloli.
What products or services does Covaro offer?
Covaro offers Domain Selling Service and Domain Search Tool.
Who are Covaro's investors?
Covaro has 5 investors. Key investors include ADVA Optical Networking, CenterPoint Ventures, InterWest, Centennial Ventures, and Sevin Rosen.
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