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 as of December 31, 2021. Kover.ai operates in a competitive market with competitors including Return Logic, seel, Returnmates, Return Rabbit and Return Magic, among others.
- Headquarter San Francisco, United States
- Employees 25 as on 31 Dec, 2021
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Sectors
Retail
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Email
***********
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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
$6.5 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Series A
Nov 03, 2020
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Investors
MetLife
& 3 more
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Employee Count
25
as on Dec 31, 2021
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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 Total Funding
- Total Rounds 3
- Last Round Series A — $5.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Series A - Kover.ai | Valuation |
investors |
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| Nov, 2019 | Amount | Seed - Kover.ai | Valuation | West Loop Ventures | |
| Jun, 2019 | Amount | Seed - Kover.ai | Valuation | MetLife |
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| 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 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. 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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Founded Year | Domain | Location | |
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Seed-stage tech investments in US companies are funded.
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured 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 Kover.ai
| 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 - Kover.ai
| 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 |
Kover.Ai Comparisons
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. 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 |
Cloud-based return management software is provided to retailers.
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| domain | founded_year | HQ Location |
Solutions are provided to enhance conversion rates for Shopify merchants.
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| domain | founded_year | HQ Location |
Web-based solutions for returns and reselling management are provided.
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| domain | founded_year | HQ Location |
SaaS-based return management software is offered for Shopify e-commerce stores.
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| domain | founded_year | HQ Location |
Return management software is offered for Shopify eCommerce stores.
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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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Latest news on Kover.Ai
Frequently Asked Questions about Kover.ai
When was Kover.ai founded?
Kover.ai was founded in 2019.
Where is Kover.ai located?
Kover.ai is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Kover.ai a funded company?
Kover.ai is a funded company, having raised a total of $6.5M across 3 funding rounds to date.
How many employees does Kover.ai have?
As of Dec 31, 2021, the latest employee count at Kover.ai is 25.
What does Kover.ai do?
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.
Who are the top competitors of Kover.ai?
Kover.ai's top competitors include Atomic, seel and Return Logic.
Who are Kover.ai's investors?
Kover.ai has 4 investors. Key investors include MetLife, Techstars, West Loop Ventures, and Afore Capital.