About Kover.ai
Kover.ai is a company based in San Francisco (United States) founded in 2019. Kover.ai has raised $6.5 million across 3 funding rounds from investors including MetLife, Techstars and West Loop Ventures. The company has 25 employees. Kover.ai operates in a competitive market with competitors including Return Logic, seel, Returnmates, Return Rabbit and Return Magic, among others.
- Total Equity Funding$6.5M (USD)
in 3 rounds
- Latest Funding Round$5M (USD), Series A
Nov 2020
- InvestorsMetLife
& 3 more
- Employee Count25
Funding Insights of Kover.ai
Kover.ai has successfully raised a total of $6.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in November 2020. 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 $6.5M
- Total Rounds 3
- Last Round Series A — $5M
- Investors Count 4
All 3 funding rounds of Kover.ai 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 2020 | $5M | Series A | – | – | – |
| Nov 2019 | $1.5M | Seed | – | West Loop Ventures | |
| Jun 2019 | – | Seed | – | MetLife | – |
4 investors in total: 4 institutional.
Investors in Kover.ai
Kover.ai has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include MetLife, Techstars and West Loop Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | westloopventures.com | - | |
Seed-stage tech investments in US companies are funded. | – | afore.vc | San Francisco, United States | |
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Internet-based life, health, auto, home, and pet insurance is offered. | 1868 | metlife.com | New York, United States |
Investor details for Kover.ai
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Timeline of Kover.ai
3 dated milestones of Kover.ai across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Kover.ai is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $5.0M.
Competitors of Kover.ai
Kover.ai 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 Return Logic, seel, Returnmates, Return Rabbit and Return Magic, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| returnlogic.com | 2014 | Carlisle, United Kingdom | $27.84M | – | Cloud-based return management software is provided to retailers. | |
| seel.com | 2004 | San Francisco, United States | $17M | – | Solutions are provided to enhance conversion rates for Shopify merchants. | |
| returnmates.com | 2020 | Los Angeles, United States | $5.98M | – | Web-based solutions for returns and reselling management are provided. | |
| returnrabbit.com | 2020 | Ann Arbor, United States | – | – | SaaS-based return management software is offered for Shopify e-commerce stores. | |
| returnmagic.com | 2016 | Montreal, Canada | – | – | Return management software is offered for Shopify eCommerce stores. | |
| atomic.financial | 2020 | Salt Lake, United States | $84.8M | 89 | Payroll management services are provided to businesses by Atomic. | |
| returnprime.com | 2018 | Bengaluru, India | – | – | Return management software for e-commerce stores with automation and upsell features. |
Detailed competitors of Kover.ai
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Kover.Ai
Complete news archive for Kover.ai
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to Kover.ai
10 companies that operate in the same segment as Kover.ai (E-Commerce Enablers & Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 62,070 | |
E-commerce storefront solutions are provided for online businesses. | 2006 | Ottawa, Ontario, Canada | USD 122.25 M | USD 8.45 B | 8,100 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 344.42 M | USD 135.47 M | 800 | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M | – | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
SaaS email marketing solutions are offered to e-commerce businesses. | 2012 | Boston, Massachusetts, United States | USD 778.5 M | USD 1.23 B | 2,180 | |
Platform acquiring Amazon FBA brands | 2018 | Walpole, Massachusetts, United States | USD 3.35 B | – | 1 | |
Delivery channels management software is provided for restaurants. | 2015 | Bengaluru, Karnataka, India | USD 32.32 M | USD 2.97 M | 171 | |
Point-of-sale financing is facilitated via an online platform for retailers. | 2016 | Los Angeles, California, United States | USD 158.63 M | – | 128 | |
Digital consumer brands are acquired and enabled by technology platform. | 2004 | Manchester, Greater Manchester, United Kingdom | USD 722.56 M | USD 2.32 B | 6,790 |
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Frequently Asked Questions about Kover.ai
Kover.ai was founded in 2019.
Kover.ai is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Kover.ai is a funded company, having raised a total of $6.5M across 3 funding rounds to date.
Kover.ai has 25 employees.
Kover.ai was founded in 2019 in San Francisco, United States, within the insurtech sector. An online platform is operated to deliver insurance for mobile phones and the gig economy. Coverage for iPhone repairs and restorations is provided, along with income protection policies for Uber and Lyft drivers. AI-based solutions are utilized for claim processing. Subscriptions are structured on weekly and monthly bases.
Kover.ai's top competitors include Atomic, seel and Return Logic.
Kover.ai has 4 investors. Key investors include MetLife, Techstars, West Loop Ventures, and Afore Capital.