About Covey
Covey is a Technology company based in New York (United States) founded in 2020 by Brooker Belcourt. It operates as an an investment community is operated for market-beating insights. It operates on a Two-Sided Marketplace model. Covey has raised $2.5 million across 1 funding round from investors including Social Leverage, Portage and Cue Ball. Covey offers products and services including Covey Investment Community. Its focus areas include Finance, Investment Services and Financial Platforms. Its competitors include eToro, CommonStock, Covestor, Finary and dub and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
An investment community is facilitated by Covey, connecting users with analysts for market insights. Focus is placed on collaborative financial strategies to outperform market trends. The platform is designed to be accessible to all, fostering shared knowledge in the investment sector.
- Total Equity Funding$2.5M (USD)
in 1 rounds
- Latest Funding Round$2.5M (USD), Seed
Jul 2022
- InvestorsSocial Leverage
& 3 more
Products & Services of Covey
Covey offers a comprehensive portfolio of products and services, including Covey Investment Community.
An investment community is provided for market analysis.
Funding Insights of Covey
Covey has successfully raised a total of $2.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.5 million completed in July 2022. 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 $2.5M
- Total Rounds 1
- Last Round Seed — $2.5M
- First Round $2.5M
(Jul 2022)
- Investors Count 4
All 1 funding rounds of Covey with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2022 | $2.5M | Seed | – | Social Leverage, Portage Ventures |
4 investors in total: 4 institutional.
Investors in Covey
Covey has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Social Leverage, Portage and Cue Ball.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm and fund of funds focused on fintech, Adtech, and multiple sectors | 2009 | socialleverage.com | Scottsdale, United States | |
Cue Ball is engaged in venture capital investments. | – | cueball.com | Boston, United States | |
Portage is engaged in fintech and financial services investments. | – | portagevc.com | Montreal, Canada | |
Platform for accepting Bitcoin, cryptocurrency, and credit cards for digital product sales securely. | 2017 | box.one | - |
Investor details for Covey
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Covey
2 people are tracked at Covey (1 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Brooker Belcourt | Founder | Leadership |
Ethan Berk | Comms & Content | Team |
Complete people profiles for Covey
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Covey
2 dated milestones of Covey across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Covey is founded.
- Funding First funding round of $2.5M.
Competitors of Covey
Covey has 9 listed competitors in our database, 9 of them funded. They include eToro, CommonStock, Covestor, Finary and dub, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| etoro.com | 2007 | Tel Aviv, Israel | $422.94M | – | Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | |
| commonstock.com | 2001 | San Francisco, United States | $36.5M | – | Platform to invest in stock market in a group | |
| covestor.com | 2005 | London, United Kingdom | $28.11M | 10 | Social trading platform for stocks | |
| finary.io | 2020 | San Francisco, United States | $3.33M | 6 | Social trading platform for on stock market assets | |
| dubapp.com | 2021 | New York, United States | $45M | – | Online platform for portfolio management | |
| follow.co | 2021 | San Francisco, United States | $9M | – | Platform for financial influencers to share their investment commentary directly with their followers and fans | |
| afterhour.com | 2022 | San Francisco, United States | $4.5M | 5 | App-based social trading platform | |
| rainplatforms.com | 2018 | Austin, United States | $2.01M | – | Automated social investing and trading platform is provided for users. | |
| instavest.com | 2014 | San Francisco, United States | $1.82M | – | A collaborative network for investing. |
Detailed competitors of Covey
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Top companies in Investment & Financial Technology
10 companies that operate in the same segment as Covey (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | 14,747 | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | 2,713 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | 602 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | 674 | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | 1,524 |
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Related news about Covey
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Frequently Asked Questions about Covey
Covey was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Covey is headquartered in New York, United States. It is registered at New York, New York, United States.
Covey is a funded company, having raised a total of $2.5M across 1 funding round to date. The company's 1st funding round was a Seed of $2.5M, raised on Jul 2022.
An investment community is facilitated by Covey, connecting users with analysts for market insights. Focus is placed on collaborative financial strategies to outperform market trends. The platform is designed to be accessible to all, fostering shared knowledge in the investment sector.
Covey offers Covey Investment Community.
Covey has 4 investors. Key investors include Social Leverage, Portage, Cue Ball, and Box One.