About Koverly
Koverly is a company based in Concord (United States) founded in 2020.. Koverly has raised $26.55 million across 2 funding rounds from investors including Accomplice, VINYL and One Way Ventures. Koverly operates in a competitive market with competitors including Intuit, Tipalti, Xero, FreshBooks and MineralTree, among others.
- Headquarter Concord, United States
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Powell Express Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.55 M (USD)
in 2 rounds
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Latest Funding Round
$18.95 M (USD), Series A
Jun 27, 2025
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Investors
Accomplice
& 2 more
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Employee Count
Employee Count
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Funding Insights of Koverly
Koverly has successfully raised a total of $26.55M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $18.95 million completed in June 2025. 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 2
- Last Round Series A — $19.0M
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First Round
First Round
(22 Aug 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Series A - Koverly | Valuation |
investors |
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| Aug, 2023 | Amount | Seed - Koverly | Valuation | Accomplice , VINYL |
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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 Koverly
Koverly has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Accomplice, VINYL and One Way 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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Accomplice is engaged in venture capital investments for startups.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors by VINYL.
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Founded Year | Domain | Location | |
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Venture capital firm investing in companies founded by immigrants.
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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 Koverly
| 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 - Koverly
| 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 |
Koverly Comparisons
Competitors of Koverly
Koverly 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 Intuit, Tipalti, Xero, FreshBooks and MineralTree, 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 |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounts payable automation is delivered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based treasury automation and risk management solutions are provided.
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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 Koverly
Frequently Asked Questions about Koverly
When was Koverly founded?
Koverly was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Koverly located?
Koverly is headquartered in Concord, United States. It is registered at Concord, New Hampshire, United States.
Is Koverly a funded company?
Koverly is a funded company, having raised a total of $26.55M across 2 funding rounds to date. The company's 1st funding round was a Seed of $7.6M, raised on Aug 22, 2023.
What does Koverly do?
Koverly was founded in 2020 in Concord, United States, within the fintech sector. Operations focus on a comprehensive platform for accounting and payments management. Services include bill pay for billing oversight, global payments for transaction handling, accounting tools for financial tracking, payment acceptance systems, digital wallets, and credit management features. These elements support business financial processes across various operations.
Who are Koverly's investors?
Koverly has 3 investors. Key investors include Accomplice, VINYL, and One Way Ventures.