About Coveo
Coveo is a company based in Quebec City (Canada) founded in 2005.. Coveo has raised $358.34 million across 13 funding rounds from investors including Elliott Management, Cisco Investments and BDC. Coveo has completed 2 acquisitions, including Qubit and Tooso. Coveo operates in a competitive market with competitors including Elastic, Cohere, Glean, Eigen Technologies and Guru, among others.
- Headquarter Quebec City, Canada
- Stage Public
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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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- Legal Name Coveo Solutions, Inc.
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Annual Revenue
$128.84 M (USD)9as on Mar 31, 2024
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Net Profit
$-13.3 M (USD)39.93as on Mar 31, 2024
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EBITDA
$-16.62 M (USD)12.21as on Mar 31, 2024
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Total Equity Funding
$358.34 M (USD)
in 13 rounds
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Latest Funding Round
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Investors
Elliott Management
& 15 more
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Employee Count
Employee Count
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Investments & Acquisitions
Qubit
& 1 more
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IPO & Listings of Coveo
Coveo is a publicly listed company on the TSX with ticker symbol CVO in Canada, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Coveo
Coveo has successfully raised a total of $358.34M across 13 strategic funding rounds. 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 13
- Last Round Last Round
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First Round
First Round
(25 Oct 2006)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Post-IPO - Coveo | Valuation |
investors |
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| Nov, 2019 | Amount | Series F - Coveo | Valuation | OMERS | |
| Sep, 2018 | Amount | Series A - Coveo | 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 Coveo
Coveo has secured backing from 16 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Elliott Management, Cisco Investments and BDC. 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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Private equity investments are managed for municipal pension plans.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Telesystem is engaged in investment and innovation across sectors.
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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 Coveo
Coveo has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Qubit and Tooso. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Product search and analytics solutions are offered for e-commerce platforms.
|
2015 | ||||
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Personalization solution for online businesses
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Coveo
| 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 |
Coveo Comparisons
Competitors of Coveo
Coveo 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 Elastic, Cohere, Glean, Eigen Technologies and Guru, 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 |
Cloud based text analytics platform
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| domain | founded_year | HQ Location |
Text data analytics platform powered by AI for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based platform for enterprise search
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| domain | founded_year | HQ Location |
AI solutions for data extraction from documents are provided.
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| domain | founded_year | HQ Location |
Knowledge is captured and shared through expert-created cards.
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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 Coveo
Frequently Asked Questions about Coveo
When was Coveo founded?
Coveo was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is Coveo located?
Coveo is headquartered in Quebec City, Canada. It is registered at Quebec City, Quebec, Canada.
Who is the current CEO of Coveo?
Louis Tetu is the current CEO of Coveo.
Is Coveo a funded company?
Coveo is a funded company, having raised a total of $358.34M across 13 funding rounds to date. The company's 1st funding round was a Series A of $9M, raised on Oct 25, 2006.
What is the annual revenue of Coveo?
Annual revenue of Coveo is $128.84M as on Mar 31, 2024.
What does Coveo do?
Founded in 2005 in Quebec City, Canada, Coveo operates as a provider of cloud-based enterprise text analytics solutions. Structured and unstructured data are analyzed to generate contextually relevant information, with AI and machine learning applied for recommendations in areas such as e-commerce and contact centers. Services are extended to sectors including healthcare, retail, and manufacturing, supporting operations across various industries.
Who are the top competitors of Coveo?
Coveo's top competitors include Cohere, Glean and Eigen Technologies.
Is Coveo publicly traded?
Yes, Coveo is publicly traded on TSX under the ticker symbol CVO.
Who are Coveo's investors?
Coveo has 16 investors. Key investors include Elliott Management, Cisco Investments, BDC, SpeechIQ, and Fonds de solidarite FTQ.
What is Coveo's ticker symbol?
The ticker symbol of Coveo is CVO on TSX.
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