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
- SectorsTechnology
- Website covaro.com
- Social LinkedIn
- Acquired by ADVA Optical Networking (Oct 2005)
- Total Equity Funding$25.3M (USD)
in 1 rounds
- Latest Funding Round$25.3M (USD), Series B
Feb 2004
- InvestorsADVA Optical Networking
& 4 more
- Acquired byADVA Optical Networking
(Oct 2005)
Products & Services of Covaro
Covaro offers a comprehensive portfolio of products and services, including Domain Selling Service and Domain Search Tool.
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 $25.3M
- Total Rounds 1
- Last Round Series B — $25.3M
- First Round $25.3M
(Feb 2004)
- Investors Count 4
All 1 funding rounds of Covaro 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 |
|---|---|---|---|---|---|
| Feb 2004 | $25.3M | Series B | – | Centennial Ventures |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | centerpointvp.com | - | |
Early-stage investing in IT and healthcare ventures. | – | interwest.com | - | |
- | – | centennial.com | - | |
Early-stage US investments in technology and offline sectors are targeted. | – | srfunds.com | Dallas, United States | |
Network equipment for data, storage, voice and video services | 1994 | advaoptical.com | Planegg, Germany |
Investor details for Covaro
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Covaro
3 dated milestones of Covaro across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Covaro is founded.
- Funding First funding round of $25.3M.
- Exit Acquired by ADVA Optical Networking.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| metaswitch.com | 1981 | London, United Kingdom | $21.5M | 833 | SoftSwitch and VOIP solutions are provided for cloud-based communication networks. | |
| packetfabric.com | 2015 | Culver, United States | $75.79M | – | Software-controlled cloud services for network interconnections are provided. | |
| teridion.com | 2013 | Petah Tikva, Israel | $49M | – | Cloud-based SDN networking solutions provider | |
| megaport.com | 2013 | Brisbane, Australia | $7.38M | – | Platform offering cloud integration and connectivity solutions | |
| metanetworks.com | 2016 | Tel Aviv, Israel | $10M | – | Zero-trust Network as a service provider | |
| algoblu.com | 2012 | Beijing, China | $14.8M | – | Virtual network infrastructure is delivered via SDN for internet acceleration. | |
| pertino.com | 2011 | Los Gatos, United States | $29.11M | 55 | Cloud-based VPN services are provided for secure networking. | |
| luminatewireless.com | 2013 | Cupertino, United States | – | 6 | Online platform for togel login, registration, and betting activities. | |
| virtela.net | 2000 | Greenwood Village, United States | $64.54M | 126 | Virtual Overlay Network Services | |
| puloli.com | 2016 | San Francisco, United States | – | – | NaaS-based IoT solutions with virtualization and SDN support are provided. |
Detailed competitors of Covaro
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Covaro
10 companies that operate in the same segment as Covaro (Enterprise Networking & IT Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
Cloud based website security solutions | 2009 | San Francisco, California, United States | USD 332.1 M | USD 1.67 B | 4,260 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 2,241 | |
Provider of cloud and AI based CDN management software | 1998 | Cambridge, Massachusetts, United States | USD 61.5 M | USD 4.21 B | 10,700 | |
Cloud-based monitoring and tracing of hybrid application performance are provided. | 1999 | Austin, Texas, United States | USD 308.14 M | USD 2.11 K | 153 | |
Cloud networking solutions are delivered via AI and SaaS platforms. | 2004 | Santa Clara, California, United States | USD 1.5 M | USD 7 B | 4,410 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 | |
Cloud-based content delivery network solutions are provided globally. | 2001 | Tempe, Arizona, United States | USD 130 M | USD 15.87 M | 18 | |
Cloud security solutions are delivered for enterprise visibility and protection. | 2012 | Santa Clara, California, United States | USD 1.44 B | USD 34.05 M | 530 | |
Hybrid cloud integration software is developed for enterprise connectivity. | 2014 | Santa Clara, California, United States | USD 346 M | USD 1.32 M | 17 |
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Frequently Asked Questions about Covaro
Covaro was founded in 2003 and raised its 1st funding round 1 year after it was founded.
Covaro is headquartered in A Coruna, Spain. It is registered at A Coruna, Galicia, Spain.
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 2004.
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.
Covaro's top competitors include Metaswitch, Megaport and Puloli.
Covaro offers Domain Selling Service and Domain Search Tool.
Covaro has 5 investors. Key investors include ADVA Optical Networking, CenterPoint Ventures, InterWest, Centennial Ventures, and Sevin Rosen.
Yes. Covaro was acquired by ADVA Optical Networking in October 2005.