About COVIE
COVIE is a company based in Illinois City (United States) founded in 2003 by Ian Littman.. COVIE has raised $4.67 million across 8 funding rounds from investors including Y Combinator. COVIE operates in a competitive market with competitors including Earnix, Kuvare, Roots Automation, Oyster Technologies and Integrated Specialty Coverages, among others.
- Headquarter Illinois City, United States
- Founders Ian Littman
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.67 M (USD)
in 8 rounds
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Latest Funding Round
$250 K (USD), Seed
Nov 19, 2021
- Investors
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 8
- Last Round Seed — $250,000
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First Round
First Round
(01 Nov 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2021 | Amount | Seed - COVIE | Valuation |
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| Sep, 2021 | Amount | Seed - COVIE | Valuation |
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| Sep, 2021 | Amount | Seed - COVIE | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in COVIE
COVIE has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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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 COVIE
| 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 - COVIE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Covie Comparisons
Competitors of COVIE
COVIE 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 Earnix, Kuvare, Roots Automation, Oyster Technologies and Integrated Specialty Coverages, 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 |
AI based marketing analytics and data monitoring solutions for insurers and banks
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| domain | founded_year | HQ Location |
Diversified insurance products are distributed across multiple channels.
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| domain | founded_year | HQ Location |
Insurance processes are automated through AI-based digital coworkers.
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| domain | founded_year | HQ Location |
Diversified insurance products are provided via an online platform.
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| domain | founded_year | HQ Location |
Insurance brokerage services for specialty coverages are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Covie
Frequently Asked Questions about COVIE
When was COVIE founded?
COVIE was founded in 2003 and raised its 1st funding round 17 years after it was founded.
Where is COVIE located?
COVIE is headquartered in Illinois City, United States. It is registered at Illinois City, Illinois, United States.
Is COVIE a funded company?
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 $225K, raised on Nov 01, 2020.
What does COVIE do?
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.
Who are the top competitors of COVIE?
COVIE's top competitors include Roots Automation, Earnix and Kuvare.
Who are COVIE's investors?
COVIE has 1 investor. Key investors include Y Combinator.
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