About Covee Network
Covee Network is a company based in Zurich (Switzerland) founded in 2017 by Jochen Krause.. Covee Network has raised $1.63 million across 1 funding round from investors including LocalGlobe and Atlantic Labs. Covee Network operates in a competitive market with competitors including Pivigo, Zindi, Weichaishi, EconoLytics and Certace, among others.
- Headquarter Zurich, Switzerland
- Founders Jochen Krause
-
Sectors
Technology
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$1.63 M (USD)
in 1 rounds
-
Latest Funding Round
$1.63 M (USD), Seed
Mar 30, 2018
-
Investors
LocalGlobe
& 1 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Covee Network
Covee Network has successfully raised a total of $1.63M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.63 million completed in March 2018. 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 — $1.6M
-
First Round
First Round
(30 Mar 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Seed - Covee Network | Valuation | LocalGlobe , Atlantic Labs |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Covee Network
Covee Network has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include LocalGlobe and Atlantic Labs. 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 |
|---|---|---|---|---|
|
Venture capital firm focused on seed-stage investments
|
Founded Year | Domain | Location | |
|
Tech focused VC firm investing in early stage companies in Germany
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Covee Network
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Covee Network
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Covee Network Comparisons
Competitors of Covee Network
Covee Network 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 Pivigo, Zindi, Weichaishi, EconoLytics and Certace, 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 |
An online marketplace for data scientists and companies is facilitated.
|
|
| domain | founded_year | HQ Location |
Learning and job search platform for data science professionals
|
|
| domain | founded_year | HQ Location |
Temporary tasks are outsourced online to users for cash rewards.
|
|
| domain | founded_year | HQ Location |
Marketplace to hire data analyst professionals
|
|
| domain | founded_year | HQ Location |
Global consultancy executing strategies and transformations for businesses worldwide.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Covee Network
When was Covee Network founded?
Covee Network was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Covee Network located?
Covee Network is headquartered in Zurich, Switzerland.
Is Covee Network a funded company?
Covee Network is a funded company, having raised a total of $1.63M across 1 funding round to date. The company's 1st funding round was a Seed of $1.63M, raised on Mar 30, 2018.
What does Covee Network do?
Covee Network was established in 2017 in Zurich, Switzerland, within the blockchain and freelancing sector. An online platform is provided where data-driven projects are selected by employers, and teams are assembled using a blockchain-enabled trust system. Team interactions are facilitated through smart contracts, with member contributions rewarded equitably via programmable incentives on the blockchain. Key job categories encompass software engineering, machine learning, data science, backend engineering, and deep learning.
Who are the top competitors of Covee Network?
Covee Network's top competitors include Pivigo, Zindi and Weichaishi.
Who are Covee Network's investors?
Covee Network has 2 investors. Key investors include LocalGlobe, and Atlantic Labs.