About Covomo
Covomo is a Financial Services company based in Frankfurt (Germany) founded in 2014. Insurance comparison platform. Covomo has raised $2.25 million across 3 funding rounds from investors including European Union, EIC Fund and Michael Föcking. The company has 14 employees. Its website covomo.de draws about 30 thousand monthly visits. Covomo offers products and services including Vertriebsportal and Vergleichsrechner. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and P&C. Its legal entity is Covomo Versicherungsvergleich GmbH. Its competitors include Crowdheros and Kuhlmann Bockelmann.
Company details
Covomo was founded in 2014 in Frankfurt, Germany, and operates within the insurance sector as an online comparison platform. Insurance products in categories such as travel, animal, electronics, and sports are searchable by users. Comparisons are made based on premiums, with direct purchases of applicable schemes available through the platform. The domain covomo.de supports these operations.
- Headquarters Frankfurt, Germany
- Employees 14
- SectorsFinancial Services
- Website category Finance · Insurance
- Website business.covomo.de
- Social LinkedIn X Facebook
- Legal Name Covomo Versicherungsvergleich Gmbh
- Total Equity Funding$2.25M (USD)
in 3 rounds
- Latest Funding Round$59K (USD), Grant
Sep 2017
- InvestorsEuropean Union
& 3 more
- Employee Count14
Products & Services of Covomo
Covomo offers a comprehensive portfolio of products and services, including Vertriebsportal and Vergleichsrechner.
Platform for insurance product sales and partner integration
Tool for comparing insurance tariffs and options
Funding Insights of Covomo
Covomo has successfully raised a total of $2.25M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $59 thousand completed in September 2017. 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 $2.25M
- Total Rounds 3
- Last Round Grant — $59,004
- First Round $56,067
(Jun 2017)
- Investors Count 4
All 3 funding rounds of Covomo 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 |
|---|---|---|---|---|---|
| Sep 2017 | $59,004 | Grant | – | – | |
| Jun 2017 | $56,067 | Grant | – | – | |
| Jun 2017 | $2.25M | Seed | – | Policen Direkt Group |
4 investors in total: 3 institutional and 1 angel.
Investors in Covomo
Covomo has secured backing from 4 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include European Union, EIC Fund and Michael Föcking.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency and accelerator focusing on innovative startups and SMEs | eicfund.eu | Brussels, Belgium | ||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Insurance brokerage services are provided to clients in Germany. | policendirekt.com | Frankfurt Am Main, Germany | ||
MF Michael Föcking | unknown_5652492550494297a |
Investor details for Covomo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Covomo
1 people are tracked at Covomo (1 in leadership); the tracked headcount is 14.
| Name | Role | Group |
|---|---|---|
Kai Uhlemeyer | CPO, Managing Director | Leadership |
Complete people profiles for Covomo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Covomo
3 dated milestones of Covomo across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Covomo is founded.
- Funding First funding round of $56K.
- Funding Latest funding round, Grant, of $59K.
Competitors of Covomo
Covomo has 2 listed competitors in our database. They include Crowdheros and Kuhlmann Bockelmann.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| crowdheroes.de | 2017 | Berlin, Germany | Digital insurance brokerage and auction platform | |||
| kb-risiko.de | 2010 | Elmshorn, Germany | Provides insurance advice and optimized plans for private and commercial customers. |
Detailed competitors of Covomo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Covomo
The website of Covomo (covomo.de) receives about 29.7K visits a month and ranks #1,087,441 among all websites worldwide, #4,458 in Insurance.
- Monthly visits29.7K
▲ 53.2% vs previous month
- Unique visitors9.5K
per month
- Global rank#1,087,441
among all websites
- Category rank#4,458
Finance · Insurance
- Bounce rate53%
- Pages per visit3.4
- Average visit2 min 09 sec
- DevicesDesktop 51% · Mobile 49%
Websites whose visitors overlap most with Covomo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
hoesch-partner.de | hoesch-partner.de | 100% | #3,056,001 | – | |
eta-glob.ch | eta-glob.ch | 98% | #11,308,885 | – | |
ammerlaender-versicherung.de | ammerlaender-versicherung.de | 97% | #440,186 | – | |
insurancy.de | insurancy.de | 96% | #1,782,352 | – | |
maklerinfo.biz | maklerinfo.biz | 95% | #141,744 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 21 similar websites and full traffic analytics for Covomo
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- 21 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Covomo
Covomo was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Covomo is headquartered in Frankfurt, Germany. It is registered at Frankfurt, Hesse, Germany.
Covomo is a funded company, having raised a total of $2.25M across 3 funding rounds to date. The company's 1st funding round was a Grant of $56.07K, raised on Jun 2017.
Covomo has 14 employees.
Covomo was founded in 2014 in Frankfurt, Germany, and operates within the insurance sector as an online comparison platform. Insurance products in categories such as travel, animal, electronics, and sports are searchable by users. Comparisons are made based on premiums, with direct purchases of applicable schemes available through the platform. The domain covomo.de supports these operations.
Covomo's top competitors include Crowdheros and Kuhlmann Bockelmann.
Covomo offers Vertriebsportal and Vergleichsrechner.
Covomo has 4 investors. Key investors include European Union, EIC Fund, Michael Föcking, and Policen Direkt Group.
Covomo operates through Covomo Versicherungsvergleich Gmbh.