About Cove Markets
Cove Markets is a company based in Chicago (United States) founded in 2018 was acquired by Robinhood in December 2021.. Cove Markets has raised $1.53 million across 1 funding round from investors including Robinhood. Cove Markets operates in a competitive market with competitors including Altonomy, SIBEX, Oasis Pro Markets, Genesis Vision and Bluefire Capital, among others.
- Headquarter Chicago, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Funding Insights of Cove Markets
Cove Markets has successfully raised a total of $1.53M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.53 million completed in October 2019. 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 Seed — $1.5M
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First Round
First Round
(11 Oct 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2019 | Amount | Seed - Cove Markets | Valuation |
investors |
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| 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 Cove Markets
Cove Markets has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Robinhood. 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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Commission-free trading and investment services are provided by Robinhood.
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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 Cove Markets
| 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 |
Financial Statements - Cove Markets
| 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 |
Cove Markets Comparisons
Competitors of Cove Markets
Cove Markets 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 Altonomy, SIBEX, Oasis Pro Markets, Genesis Vision and Bluefire Capital, 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 |
Digital assets trading, advisory, and management services are provided.
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| domain | founded_year | HQ Location |
Digital asset trading solutions
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| domain | founded_year | HQ Location |
Liquidity and trading services for digital securities are provided.
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| domain | founded_year | HQ Location |
Private trust management is enabled through blockchain technology.
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| domain | founded_year | HQ Location |
Alternative cryptocurrency trading system
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| domain | founded_year | HQ Location |
Institutional crypto trading tools are provided via blockchain technology.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Cove Markets
When was Cove Markets founded?
Cove Markets was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Cove Markets located?
Cove Markets is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Cove Markets?
Scott Knudsen is the current CEO of Cove Markets.
Is Cove Markets a funded company?
Cove Markets is a funded company, having raised a total of $1.53M across 1 funding round to date. The company's 1st funding round was a Seed of $1.53M, raised on Oct 11, 2019.
What does Cove Markets do?
Cove Markets provides an alternative trading system for cryptocurrencies. It provides a liquidity aggregator and crypto-trading platform for crypto investors and traders. It features analytical tools, real-time price charts, etc.
Who are the top competitors of Cove Markets?
Cove Markets's top competitors include Oasis Pro Markets, Altonomy and Genesis Vision.
Who are Cove Markets's investors?
Cove Markets has 1 investor. Key investors include Robinhood.