About Covega
Covega is a company based in Jessup (United States) founded in 2003 was acquired by Thorlabs in March 2009.. Covega has raised $27 million across 2 funding rounds from investors including Square 1 Bank, Thorlabs and Core Capital Partners. Covega operates in a competitive market with competitors including CyOptics, LioniX International, AGNIT Semiconductors, Nexus Photonics and Aurrion, among others.
- Headquarter Jessup, United States
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Sectors
Technology
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Email
***********
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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
$27 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Aug 21, 2006
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Investors
Square 1 Bank
& 9 more
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Employee Count
Employee Count
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Acquired by
Thorlabs
(Mar 20, 2009)
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Funding Insights of Covega
Covega has successfully raised a total of $27M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in August 2006. 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 2
- Last Round Series A — $10.0M
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First Round
First Round
(05 Mar 2003)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2006 | Amount | Series A - Covega | Valuation | Core Capital Partners , Intersouth Partners | |
| Mar, 2003 | Amount | Series A - Covega | 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 Covega
Covega has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Square 1 Bank, Thorlabs and Core Capital Partners. 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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Core Capital Partners is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage life sciences and tech focused VC firm funding companies in the US
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Founded Year | Domain | Location | |
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Venture investments in systems, infrastructure, and applications for enterprise founders.
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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 Covega
| 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 - Covega
| 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 |
Covega Comparisons
Competitors of Covega
Covega 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 CyOptics, LioniX International, AGNIT Semiconductors, Nexus Photonics and Aurrion, 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 |
Provider of Indium phosphide-based optical chips
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| domain | founded_year | HQ Location |
Photonic ICs and microsystems are designed and manufactured.
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| domain | founded_year | HQ Location |
Manufacturer of gallium nitride (GaN) semiconductors for radio-frequency applications
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| domain | founded_year | HQ Location |
Photonic integrated circuits are developed using III-V semiconductor materials.
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| domain | founded_year | HQ Location |
Silicon photonic platform with InP materials is provided for integration.
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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 Covega
Frequently Asked Questions about Covega
When was Covega founded?
Covega was founded in 2003.
Where is Covega located?
Covega is headquartered in Jessup, United States. It is registered at Jessup, Maryland, United States.
Is Covega a funded company?
Covega is a funded company, having raised a total of $27M across 2 funding rounds to date. The company's 1st funding round was a Series A of $17M, raised on Mar 05, 2003.
What does Covega do?
Covega was founded in 2003 and is based in Jessup, United States. InP and LiNbO3 materials are provided to enable production of optical devices and modules. Gain chips, semiconductor optical amplifiers, indium phosphide products, lithium niobate components, and foundry services are offered. The telecommunications, data communications, military, and cable television industries are served through these operations.
Who are the top competitors of Covega?
Covega's top competitors include LioniX International, AGNIT Semiconductors and CyOptics.
Who are Covega's investors?
Covega has 10 investors. Key investors include Square 1 Bank, Thorlabs, Core Capital Partners, Intersouth Partners, and Next47.
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