About Coviance
Coviance is a company based in West Des Moines (United States) founded in 2009 by Omar Jordan.. Coviance has raised $13.32 million across 6 funding rounds from investors including Next Level Ventures, Ardent Credit Union and Ascentra. The company has 68 employees as of December 31, 2023. Coviance offers products and services including Home Equity Express and Workflow Automation. Coviance operates in a competitive market with competitors including Anaplan, DreamQuark, Monit, FNA and FI Navigator, among others.
- Headquarter West Des Moines, United States
- Employees 68 as on 31 Dec, 2023
- Founders Omar Jordan
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Sectors
Financial 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 Coviance Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.32 M (USD)
in 6 rounds
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Latest Funding Round
$1 M (USD), Debt – Conventional
Oct 30, 2025
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Investors
Next Level Ventures
& 7 more
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Employee Count
68
as on Dec 31, 2023
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Products & Services of Coviance
Coviance offers a comprehensive portfolio of products and services, including Home Equity Express and Workflow Automation. 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.
Automates home equity loans and HELOCs for faster processing.
Converts real-time data into efficient loan workflows.
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Funding Insights of Coviance
Coviance has successfully raised a total of $13.32M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1 million completed in October 2025. 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 6
- Last Round Debt – Conventional — $1.0M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Debt – Conventional - Coviance | Valuation |
investors |
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| Mar, 2024 | Amount | Series B - Coviance | Valuation |
investors |
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| Mar, 2021 | Amount | Series B - Coviance | Valuation | Next Level Ventures , Ardent Credit Union |
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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 Coviance
Coviance has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Next Level Ventures, Ardent Credit Union and Ascentra. 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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An Iowa-based investment firm focused on strategic venture capital.
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Founded Year | Domain | Location | |
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Offers checking accounts, loans, mortgages, and savings to members in Pennsylvania.
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Founded Year | Domain | Location | |
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Functions as an urban credit union providing financial products to community members.
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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 Coviance
| 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 - Coviance
| 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 |
Coviance Comparisons
Competitors of Coviance
Coviance 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 Anaplan, DreamQuark, Monit, FNA and FI Navigator, 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 |
Operational planning and forecasting solutions are offered to businesses.
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| domain | founded_year | HQ Location |
AI-based data monitoring solutions are provided for financial services.
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| domain | founded_year | HQ Location |
Monit is focused on providing actionable financial insights for bankers and SMBs.
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| domain | founded_year | HQ Location |
Cloud-based risk management solutions are provided for financial institutions.
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| domain | founded_year | HQ Location |
Bank data and analytics platform for the banking Industry
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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 Coviance
Frequently Asked Questions about Coviance
When was Coviance founded?
Coviance was founded in 2009 and raised its 1st funding round 9 years after it was founded.
Where is Coviance located?
Coviance is headquartered in West Des Moines, United States. It is registered at West Des Moines, Iowa, United States.
Who is the current CEO of Coviance?
Omar Jordan is the current CEO of Coviance. They have also founded this company.
Is Coviance a funded company?
Coviance is a funded company, having raised a total of $13.32M across 6 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Mar 01, 2018.
How many employees does Coviance have?
As of Dec 31, 2023, the latest employee count at Coviance is 68.
What does Coviance do?
Coviance was founded in 2009 in West Des Moines, United States, as a provider of automation technology in the fintech sector focused on home equity lending. A platform is offered to handle online applications, loan processing, underwriting, and communications for home equity loans and HELOCs. Operations are supported through intelligent automation features that address compliance and regulatory management, with services extending to productivity enhancements for lenders across the United States.
Who are the top competitors of Coviance?
What products or services does Coviance offer?
Coviance offers Home Equity Express and Workflow Automation.
Who are Coviance's investors?
Coviance has 8 investors. Key investors include Next Level Ventures, Ardent Credit Union, Ascentra, Strata Credit Union, and Serve Credit Union.
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