About CoveritLive
CoveritLive is a company based in Toronto (Canada) founded in 2007 was acquired by ScribbleLive in July 2014.. CoveritLive has raised $1 million across 1 funding round from investors including ScribbleLive, Flagstone Re and Paul Kedrosky. CoveritLive operates in a competitive market with competitors including Timehop, Year of Colour, Loccit and Top Nine, among others.
- Headquarter Toronto, Canada
-
Sectors
Media & Entertainment
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$1 M (USD)
in 1 rounds
-
Latest Funding Round
$1 M (USD), Seed
Jan 28, 2009
-
Investors
ScribbleLive
& 2 more
-
Employee Count
Employee Count
-
Acquired by
ScribbleLive
(Jul 14, 2014)
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 CoveritLive
CoveritLive has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in January 2009. 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 — $1.0M
-
First Round
First Round
(28 Jan 2009)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2009 | Amount | Seed - CoveritLive | Valuation |
investors |
| 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 CoveritLive
CoveritLive has secured backing from 3 investors, including angel and institutional investors. Prominent investors backing the company include ScribbleLive, Flagstone Re and Paul Kedrosky. 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 |
|---|---|---|---|---|
|
Household, solar, and specialty glass products are manufactured.
|
Founded Year | Domain | Location | |
|
PK
Paul Kedrosky |
Canadian-American investor, writer, and entrepreneur, active in tech and venture capital.
|
Founded Year | Domain | Location |
|
Employee engagement is supported through interactive assessments and polls.
|
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 CoveritLive
| 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 - CoveritLive
| 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 |
Coveritlive Comparisons
Competitors of CoveritLive
CoveritLive 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 Timehop, Year of Colour, Loccit and Top Nine, 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 |
Feed Aggregator
|
|
| domain | founded_year | HQ Location |
An app-based platform offering professional color analysis for Instagram users.
|
|
| domain | founded_year | HQ Location |
Functions as an online aggregator for social media timelines.
|
|
| domain | founded_year | HQ Location |
App for generating yearly collages of best Instagram posts.
|
| 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 CoveritLive
When was CoveritLive founded?
CoveritLive was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is CoveritLive located?
CoveritLive is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is CoveritLive a funded company?
CoveritLive is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Jan 28, 2009.
What does CoveritLive do?
CoveritLive is a web based Live Blogging tool that allows users to broadcast live commentary to their readers. CoveritLives real-time engagement solution provides tools needed to produce interactive real-time experiences. It reaches over 40 million unique visitors each month through its use on ESPN, BBC, Sky, CBC, Yahoo, the NBA and other global media properties. It currently creates over 2 billion minutes of readership every month. Acquired by Demand Media in 2011. Used by traditional bloggers, journalists, major brands and mainstream media.
Who are the top competitors of CoveritLive?
CoveritLive's top competitors include Timehop, Year of Colour and Loccit.
Who are CoveritLive's investors?
CoveritLive has 3 investors. Key investors include ScribbleLive, Flagstone Re, and Paul Kedrosky.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.