About COVIE
COVIE is a Financial Services company based in Illinois City (United States) founded in 2003 by Ian Littman. Data management and monitoring solutions for insurance are provided. COVIE has raised $4.67 million across 8 funding rounds from investors including Y Combinator. Its focus areas include FinTech, Insurance IT, Data and Monitoring Solutions and Usage-based. Its competitors include Kuvare, Roots Automation and Oyster Technologies; 2 of its 3 listed competitors have raised funding.
Company details
COVIE was founded in 2003 in Illinois City, United States, and operates within the insurance sector. Data management and monitoring tools are supplied to users, enabling access to policy limits and coverage details. Insurance verification, analysis, and financial planning functions are included among the services offered to support industry operations.
- Total Equity Funding$4.67M (USD)
in 8 rounds
- Latest Funding Round$250K (USD), Seed
Nov 2021
- Investors
Funding Insights of COVIE
COVIE has successfully raised a total of $4.67M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $250 thousand completed in November 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 $4.67M
- Total Rounds 8
- Last Round Seed — $250,000
- First Round $105,000
(Nov 2020)
- Investors Count 1
All 8 funding rounds of COVIE 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 |
|---|---|---|---|---|---|
| Nov 2021 | $250,000 | Seed | – | – | – |
| Sep 2021 | $2.98M | Seed | – | – | – |
| Sep 2021 | $225,000 | Seed | – | – | – |
| Sep 2021 | $125,000 | Seed | – | Y Combinator | – |
| Jun 2021 | $125,000 | Seed | – | – | – |
| May 2021 | $790,000 | Seed | – | – | – |
| Apr 2021 | $75,000 | Seed | – | – | – |
| Nov 2020 | $105,000 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in COVIE
COVIE has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States |
Investor details for COVIE
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of COVIE
3 people are tracked at COVIE (3 in leadership).
| Name | Role | Group |
|---|---|---|
Ian Littman | Co-Founder & CTO | Leadership |
Trent Harvey | CEO & Co-Founder | Leadership |
Dan Wilson | Chief Strategy Officer | Leadership |
Complete people profiles for COVIE
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of COVIE
3 dated milestones of COVIE across 18 years, from founding to its latest funding, stage changes and deals.
- Founded COVIE is founded.
- Funding First funding round of $105K.
- Funding Latest funding round, Seed, of $250K.
Competitors of COVIE
COVIE has 3 listed competitors in our database, 2 of them funded. They include Kuvare, Roots Automation and Oyster Technologies.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kuvare.com | 2014 | Chicago, United States | Diversified insurance products are distributed across multiple channels. | |||
| rootsautomation.com | 2018 | New York, United States | $43.95M | Insurance processes are automated through AI-based digital coworkers. | ||
| withoyster.com | 2021 | New York, United States | $3.6M | Diversified insurance products are provided via an online platform. |
Detailed competitors of COVIE
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Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as COVIE (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Related news about Covie
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Frequently Asked Questions about COVIE
COVIE was founded in 2003 and raised its 1st funding round 17 years after it was founded.
COVIE is headquartered in Illinois City, United States. It is registered at Illinois City, Illinois, United States.
COVIE is a funded company, having raised a total of $4.67M across 8 funding rounds to date. The company's 1st funding round was a Seed of $105K, raised on Nov 2020.
COVIE was founded in 2003 in Illinois City, United States, and operates within the insurance sector. Data management and monitoring tools are supplied to users, enabling access to policy limits and coverage details. Insurance verification, analysis, and financial planning functions are included among the services offered to support industry operations.
COVIE's top competitors include Roots Automation, Kuvare and Oyster Technologies.
COVIE has 1 investor. Key investors include Y Combinator.