About First Coverage
First Coverage is a company based in Toronto (Canada) founded in 2006.. First Coverage has raised $14.5 million across 4 funding rounds from investors including Commonwealth Capital Ventures, GrandBanks Capital and Relay Ventures. First Coverage operates in a competitive market with competitors including Kensho, TIM Group, Acumen Group, Parsec Finance and Stock Alarm, among others.
- Headquarter Toronto, Canada
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Sectors
Technology
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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
$14.5 M (USD)
in 4 rounds
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Latest Funding Round
$503.75 K (USD), Series B
Nov 05, 2010
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Investors
Commonwealth Capital Ventures
& 2 more
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Employee Count
Employee Count
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Funding Insights of First Coverage
First Coverage has successfully raised a total of $14.5M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $503.75 thousand completed in November 2010. 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 4
- Last Round Series B — $503,750
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First Round
First Round
(28 Nov 2006)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2010 | Amount | Series B - First Coverage | Valuation |
investors |
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| Oct, 2010 | Amount | Debt – Conventional - First Coverage | Valuation |
investors |
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| Apr, 2008 | Amount | Series B - First Coverage | Valuation |
investors |
| 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 First Coverage
First Coverage has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Commonwealth Capital Ventures, GrandBanks Capital and Relay Ventures. 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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Tech & offline focused VC firm investing in early & growth stage startups in the US
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Founded Year | Domain | Location | |
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GrandBanks Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are provided by Relay Ventures.
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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 First Coverage
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - First Coverage
| 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 |
First Coverage Comparisons
Competitors of First Coverage
First Coverage 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 Kensho, TIM Group, Acumen Group, Parsec Finance and Stock Alarm, 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.
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Trade ideas and investment recommendations are facilitated by a platform.
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Online platform offering technical analysis solutions
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Decentralized technical analysis for capital market assets is provided.
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Trading signals and alerts for stocks, crypto, and forex
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| Company Name | Domain | Founded year | HQ Location | Description |
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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 First Coverage
Frequently Asked Questions about First Coverage
When was First Coverage founded?
First Coverage was founded in 2006.
Where is First Coverage located?
First Coverage is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is First Coverage a funded company?
First Coverage is a funded company, having raised a total of $14.5M across 4 funding rounds to date. The company's 1st funding round was a Series B of $9M, raised on Nov 28, 2006.
What does First Coverage do?
First Coverage was established in 2006 as a privately-held company based in Toronto, Canada. Operations focus on the financial services sector, where software solutions are developed to support industry needs. The company, formerly known as iSequent, was acquired by TIM Group in 2011, integrating its offerings into broader financial technology services across North America.
Who are the top competitors of First Coverage?
First Coverage's top competitors include Kensho, TIM Group and Acumen Group.
Who are First Coverage's investors?
First Coverage has 3 investors. Key investors include Commonwealth Capital Ventures, GrandBanks Capital, and Relay Ventures.
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