
Covera Ventures
Description
Covera Ventures is an Austin, Texas-based venture capital firm dedicated to investing in early-stage technology companies, with a specialized focus on infrastructure and enterprise software. The firm primarily targets Seed and Pre-Seed rounds, seeking out foundational technologies that underpin future digital advancements. Their investment philosophy emphasizes a collaborative partnership with founders, offering not only capital but also strategic guidance and operational support to help nascent companies navigate the complex early stages of growth and market entry.
The firm's investment strategy often involves leading or co-leading these initial funding rounds. Covera Ventures is known for its commitment to providing substantial early capital, with typical first check sizes ranging from $500,000 to $1.5 million. This range allows them to make meaningful contributions to a startup's initial runway and development milestones, demonstrating a belief in the long-term potential of their portfolio companies. They aim to be a hands-on partner, leveraging their expertise to assist companies in scaling their operations and refining their product-market fit.
Covera Ventures has shown a progressive growth trajectory since its inception. The firm successfully closed its second fund, Covera Ventures II, in May 2024, securing $30 million in commitments. This builds upon the success of their inaugural fund, which raised $15 million. With a combined total of $45 million under management across both funds, Covera Ventures is well-capitalized to continue its targeted investment approach within the critical infrastructure and enterprise software sectors, supporting a new generation of innovative technology companies.
Investor Profile
Covera Ventures has backed more than 50 startups, with 0 new investments in the last 12 months alone. The firm has led 11 rounds, about 22% of its total and boasts 23 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series B, Series A, Series C rounds (top funding stages).
- Majority of deals are located in United States.
- Strong thematic focus on Software, Enterprise Software, SaaS.
- Typical check size: $500K – $1.5M.
Stage Focus
- Series B (26%)
- Series A (24%)
- Series C (20%)
- Series D (12%)
- Series Unknown (8%)
- Series E (4%)
- Series F (4%)
- Seed (2%)
Country Focus
- United States (100%)
Industry Focus
- Software
- Enterprise Software
- Saas
- Biotechnology
- Mobile
- Information Technology
- Internet
- Medical
- Virtualization
- Infrastructure
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.