About Covvalent
Covvalent is a company based in Lewes (United States) founded in 2022 by Sandeep Singh and Arush Dhawan.. Covvalent has raised $4.3 million across 1 funding round from investors including Nexus Venture Partners, Vishal Chaudhary and Ramakant Sharma. The company has 16 employees as of March 30, 2024. Covvalent offers products and services including Oleochemicals and Custom Manufacturing. Covvalent operates in a competitive market with competitors including Knowde, BluePallet, Chemdex, SimpleTrade and Kemgo, among others.
- Headquarter Lewes, United States
- Employees 16 as on 30 Mar, 2024
- Founders Sandeep Singh, Arush Dhawan
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Sectors
Chemicals & MaterialsRetail
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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 Rainboweucalyptus Technologies Private Limited
- Date of Incorporation 29 Aug, 2022
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$352.69 K (USD)0as on Mar 31, 2023
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Net Profit
$17.83 K (USD)0as on Mar 31, 2023
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EBITDA
$23.83 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$4.3 M (USD)
in 1 rounds
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Latest Funding Round
$4.3 M (USD), Seed
Nov 28, 2022
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Investors
Nexus Venture Partners
& 8 more
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Employee Count
16
as on Mar 30, 2024
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Products & Services of Covvalent
Covvalent offers a comprehensive portfolio of products and services, including Oleochemicals and Custom Manufacturing. 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.
Provides fatty acids, glycerine, and surfactants with sustainable sourcing.
Develops specialty chemical raw materials for coatings and adhesives sectors.
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Funding Insights of Covvalent
Covvalent has successfully raised a total of $4.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.3 million completed in November 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 Total Funding
- Total Rounds 1
- Last Round Seed — $4.3M
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First Round
First Round
(28 Nov 2022)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Seed - Covvalent | Valuation | Nexus Venture Partners |
| 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 Covvalent
Covvalent has secured backing from 9 investors, including angel and venture fund investors. Prominent investors backing the company include Nexus Venture Partners, Vishal Chaudhary and Ramakant Sharma. 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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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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VC
Vishal Chaudhary |
Angel investor, Co-founder of Zetwerk, focused on manufacturing and tech startups
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Founded Year | Domain | Location |
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RS
Ramakant Sharma |
Co-founder of Livspace, angel investor in Indian startups
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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 Covvalent
| 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 - Covvalent
| 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 |
Covvalent Comparisons
Competitors of Covvalent
Covvalent 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 Knowde, BluePallet, Chemdex, SimpleTrade and Kemgo, 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 |
Chemicals are traded via an online B2B marketplace.
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| domain | founded_year | HQ Location |
Provider of a cloud-based marketplace for chemicals
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| domain | founded_year | HQ Location |
Chemdex operates an online B2B marketplace for chemical products.
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| domain | founded_year | HQ Location |
A chemicals trading marketplace is provided for producers and buyers.
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| domain | founded_year | HQ Location |
An online B2B marketplace for chemical supplies is facilitated.
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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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Frequently Asked Questions about Covvalent
When was Covvalent founded?
Covvalent was founded in 2022.
Where is Covvalent located?
Covvalent is headquartered in Lewes, United States. It is registered at Lewes, Delaware, United States.
Is Covvalent a funded company?
Covvalent is a funded company, having raised a total of $4.3M across 1 funding round to date. The company's 1st funding round was a Seed of $4.3M, raised on Nov 28, 2022.
How many employees does Covvalent have?
As of Mar 30, 2024, the latest employee count at Covvalent is 16.
What is the annual revenue of Covvalent?
Annual revenue of Covvalent is $352.69K as on Mar 31, 2023.
What does Covvalent do?
Founded in 2022 and based in Lewes, United States, Covvalent operates as an online marketplace in the specialty chemicals sector. Procurement and distribution processes are streamlined for buyers through access to products from verified suppliers, along with transparent pricing and real-time inventory checks. Technical support is offered, while suppliers benefit from expanded market access and analytical insights derived from platform data.
Who are the top competitors of Covvalent?
Covvalent's top competitors include Knowde, BluePallet and SimpleTrade.
What products or services does Covvalent offer?
Covvalent offers Oleochemicals and Custom Manufacturing.
Who are Covvalent's investors?
Covvalent has 9 investors. Key investors include Nexus Venture Partners, Vishal Chaudhary, Ramakant Sharma, Rajesh Yabaji, and Rehan khan.