About CoVerified
CoVerified is a company based in Cambridge (United States) founded in 2020 by Brandon Busuito.. CoVerified has raised $125 thousand across 1 funding round from investors including Y Combinator. CoVerified operates in a competitive market with competitors including PocDoc, Hilab, BioIQ, Achiko and Enviral Tech, among others.
- Headquarter Cambridge, United States
- Founders Brandon Busuito
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Sectors
HealthcareTechnology Education
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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
$125 K (USD)
in 1 rounds
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Latest Funding Round
$125 K (USD), Seed
Jun 01, 2021
- Investors
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Employee Count
Employee Count
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Funding Insights of CoVerified
CoVerified has successfully raised a total of $125K through 1 strategic funding round. The most recent funding activity was a Seed round of $125 thousand completed in June 2021. 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 — $125,000
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First Round
First Round
(01 Jun 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2021 | Amount | Seed - CoVerified | Valuation | Y Combinator |
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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 CoVerified
CoVerified has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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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 CoVerified
| 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 - CoVerified
| 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 |
Coverified Comparisons
Competitors of CoVerified
CoVerified 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 PocDoc, Hilab, BioIQ, Achiko and Enviral Tech, 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 smartphone based rapid testing for major diseases
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| domain | founded_year | HQ Location |
Remote monitoring systems and AI-based health diagnostic devices are developed.
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| domain | founded_year | HQ Location |
Employee health benefits are delivered via an online screening platform.
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| domain | founded_year | HQ Location |
Provider of COVID-19 test tools and solutions for clinicians and patients
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| domain | founded_year | HQ Location |
Provider of live lottery draw results and data. It offers live streaming of lottery draws, providing real-time results to users. The platform also maintains a comprehensive historical database of lottery results, allowing users to access past winning numbers. This data is presented in a user-friendly format, facilitating analysis and prediction. The service aims to provide accurate and timely information directly from official sources. It ensures transparency and reliability in presenting lottery outcomes.
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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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Latest news on Coverified
Frequently Asked Questions about CoVerified
When was CoVerified founded?
CoVerified was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is CoVerified located?
CoVerified is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of CoVerified?
Brandon Busuito is the current CEO of CoVerified. They have also founded this company.
Is CoVerified a funded company?
CoVerified is a funded company, having raised a total of $125K across 1 funding round to date. The company's 1st funding round was a Seed of $125K, raised on Jun 01, 2021.
What does CoVerified do?
CoVerified was established in 2020 in Cambridge, United States, within the health technology sector. A mobile platform is operated to support COVID-19 contact tracing and symptom monitoring. Services encompass symptom checking, test result integration, contact tracing tools, and an analytics dashboard. Pooled saliva testing options are extended to schools and organizations for broader implementation.
Who are the top competitors of CoVerified?
Who are CoVerified's investors?
CoVerified has 1 investor. Key investors include Y Combinator.