About Covestor
Covestor is a company based in London (United Kingdom) founded in 2005 by Chairman Rikki Tahta was acquired by Interactive Brokers in April 2015.. Covestor has raised $28.11 million across 5 funding rounds from investors including Interactive Brokers, Union Square Ventures and Spark Capital. The company has 10 employees as of December 31, 2021. Covestor operates in a competitive market with competitors including eToro, CommonStock, AfterHour, dub and Enombic, among others.
- Headquarter London, United Kingdom
- Employees 10 as on 31 Dec, 2021
- Founders Chairman Rikki Tahta
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Covestor Limited
- Date of Incorporation 15 May, 2006
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$151.46 K (USD)-7as on Dec 31, 2020
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Net Profit
$-4.09 M (USD)9as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$28.11 M (USD)
in 5 rounds
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Latest Funding Round
$13.01 M (USD), Series B
Jun 13, 2013
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Investors
Interactive Brokers
& 5 more
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Employee Count
10
as on Dec 31, 2021
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Acquired by
Interactive Brokers
(Apr 22, 2015)
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Funding Insights of Covestor
Covestor has successfully raised a total of $28.11M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $13.01 million completed in June 2013. 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 5
- Last Round Series B — $13.0M
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First Round
First Round
(20 Jul 2007)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2013 | Amount | Series B - Covestor | Valuation | Union Square Ventures , Spark Capital |
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| Aug, 2011 | Amount | Series A - Covestor | Valuation | Union Square Ventures |
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| Mar, 2010 | Amount | Series A - Covestor | Valuation |
investors |
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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 Covestor
Covestor has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Interactive Brokers, Union Square Ventures and Spark Capital. 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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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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Founded Year | Domain | Location | |
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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage deep technology investments are made by Amadeus Capital.
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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 Covestor
| 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 - Covestor
| 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 |
Covestor Comparisons
Competitors of Covestor
Covestor 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 eToro, CommonStock, AfterHour, dub and Enombic, 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 |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs
|
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| domain | founded_year | HQ Location |
Platform to invest in stock market in a group
|
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| domain | founded_year | HQ Location |
App-based social trading platform
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| domain | founded_year | HQ Location |
Online platform for portfolio management
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| domain | founded_year | HQ Location |
Online social investment platform for indices
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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 Covestor
Frequently Asked Questions about Covestor
When was Covestor founded?
Covestor was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Where is Covestor located?
Covestor is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Covestor a funded company?
Covestor is a funded company, having raised a total of $28.11M across 5 funding rounds to date. The company's 1st funding round was a Series A of $3.6M, raised on Jul 20, 2007.
How many employees does Covestor have?
As of Dec 31, 2021, the latest employee count at Covestor is 10.
What is the annual revenue of Covestor?
Annual revenue of Covestor is $151.46K as on Dec 31, 2020.
What does Covestor do?
Covestor was founded in 2005 in London, United Kingdom, and operates as a social trading platform focused on stocks. Investment strategies and trades from portfolio managers and experts are made available for users to access, evaluate, and replicate. Assets can be bought, sold, and traded based on these strategies, with alerts, notifications, market trend insights, and news updates provided to support trading decisions.
Who are the top competitors of Covestor?
Who are Covestor's investors?
Covestor has 6 investors. Key investors include Interactive Brokers, Union Square Ventures, Spark Capital, Amadeus Capital Partners, and Bay Partners.