About Covercare
Covercare is a company based in Milan (Italy) founded in 2011 was acquired by Unieuro in October 2023.. Covercare offers products and services including Kasko and Screen Protection, Home Protection, Easy Device Small Business, and Easy Device Corporate. Covercare operates in a competitive market with competitors including Extendo, PHOME, SpeEdLabs, Esiet and EuropeanCameraRepair, among others.
- Headquarter Milan, Italy
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Sectors
Business 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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- Legal Name Covercare Spa A Socio Unico
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Products & Services of Covercare
Covercare offers a comprehensive portfolio of products and services, including Kasko and Screen Protection, Home Protection, Easy Device Small Business, and Easy Device Corporate. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Insures and repairs smartphones from accidental damage to extend device life.
Covers home guasts with 24/7 technician interventions for repairs.
Provides rental and damage protection for mobile devices in SMEs.
Manages full lifecycle of business devices from procurement to disposal.
Funding Insights of Covercare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Covercare
Covercare has secured backing from 1 investor. Prominent investors backing the company include Unieuro. 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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Retail stores for consumer electronics and electrical appliances are operated.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Covercare
| 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 - Covercare
| 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 |
Covercare Comparisons
Competitors of Covercare
Covercare 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 Extendo, PHOME, SpeEdLabs, Esiet and EuropeanCameraRepair, 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 |
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| domain | founded_year | HQ Location |
Electronic repair services for consumer devices are provided.
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Delivers comprehensive phone repair services at home.
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| domain | founded_year | HQ Location |
Offers expert repairs for smartphones, computers, consoles, and electronics in Italy.
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Offers integrated building maintenance, EPC services, and energy efficiency projects.
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| domain | founded_year | HQ Location |
Repairs digital and analog cameras, lenses, and photographic accessories professionally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Covercare
When was Covercare founded?
Covercare was founded in 2011.
Where is Covercare located?
Covercare is headquartered in Milan, Italy. It is registered at Milan, Lombardy, Italy.
What does Covercare do?
Covercare was founded in 2011 and is headquartered in Milan, Italy. Device protection and assistance solutions are offered by the company in the insurance and services sector. Coverage extends to smartphones, homes, and business equipment, with options designed for simplicity and reliability. Operations focus on mitigating unexpected costs for customers through these structured plans.
Who are the top competitors of Covercare?
What products or services does Covercare offer?
Covercare offers Kasko and Screen Protection, Home Protection, Easy Device Small Business, and Easy Device Corporate.
Who are Covercare's investors?
Covercare has 1 investor. Key investors include Unieuro.