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Covera Ventures

North America, Texas, United States, Austin

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
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Covera Ventures frequently co-invest with?

Sevin Rosen Funds
North America, Texas, United States, Dallas
Co-Investments: 5
Oak Investment Partners
North America, Connecticut, United States, Wilton
Co-Investments: 6
Access Venture Partners
North America, Colorado, United States, Westminster
Co-Investments: 4
MPM Capital
North America, Massachusetts, United States, Boston
Co-Investments: 4
Boston Millennia Partners
North America, Massachusetts, United States, Boston
Co-Investments: 5
ATA Ventures
North America, California, United States, Redwood City
Co-Investments: 4
Vesbridge Partners
North America, Massachusetts, United States, Wakefield
Co-Investments: 5
El Dorado Ventures
North America, California, United States, Menlo Park
Co-Investments: 4
FA Technology Ventures
North America, Massachusetts, United States, Waltham
Co-Investments: 4
Prism Venture Management
North America, Massachusetts, United States, Needham
Co-Investments: 4

Which angels does Covera Ventures often collaborate with?

GH
North America, Missouri, United States, Ozark
Shared Deals: 1
CS
North America, New Jersey, United States, Ramsey
Shared Deals: 1
Shared Deals: 1
Fernando Pontaza
North America, Guatemala, Guatemala, Guatemala City
Shared Deals: 1

What are some of recent deals done by Covera Ventures?

Fleet

Portland, Oregon, United States

Fleet provides an online platform that businesses use to book and manage transportation for international freight.

LogisticsShippingSoftwareSupply Chain Management
SeedApr 12, 2016
Amount Raised: $4,000,000
Innography

Austin, Texas, United States

Innography is an analysis software platform that offers tools to enable companies for managing intellectual property.

AnalyticsBusiness IntelligenceComplianceData VisualizationInternetSaaSSearch EngineSoftware
Series BJan 30, 2014
Amount Raised: $3,500,000
Alert Logic

Houston, Texas, United States

Alert Logic provides Security-as-a-Service solutions that secure the application and infrastructure stack of the cloud.

Cloud SecurityNetwork SecuritySaaSSecurity
Series FJun 5, 2012
Amount Raised: $12,200,000
Alert Logic

Houston, Texas, United States

Alert Logic provides Security-as-a-Service solutions that secure the application and infrastructure stack of the cloud.

Cloud SecurityNetwork SecuritySaaSSecurity
Series EApr 11, 2011
Amount Raised: $12,600,000
Synageva BioPharma

Waltham, Massachusetts, United States

Synageva, a biopharmaceutical company, develops and commercializes novel, next generation and follow on protein therapeutics.

BiotechnologyPharmaceuticalTherapeutics
Series UnknownMar 21, 2011
Amount Raised: $25,000,000
SensorLogic

Addison, Texas, United States

SensorLogic offers a cloud application development platform that helps organizations build and deploy next-generation M2M apps.

Cloud ComputingEnterprise SoftwareMobileSaaSSoftware
Series UnknownDec 13, 2010
Amount Raised: $5,000,000
Innography

Austin, Texas, United States

Innography is an analysis software platform that offers tools to enable companies for managing intellectual property.

AnalyticsBusiness IntelligenceComplianceData VisualizationInternetSaaSSearch EngineSoftware
Series BFeb 22, 2010
Amount Raised: $3,000,000
Synageva BioPharma

Waltham, Massachusetts, United States

Synageva, a biopharmaceutical company, develops and commercializes novel, next generation and follow on protein therapeutics.

BiotechnologyPharmaceuticalTherapeutics
Series FOct 22, 2009
Amount Raised: $12,000,000
FastScaleTechnology

Santa Clara, California, United States

FastScale Technology delivers software virtualization and provisioning solutions for enterprise-class Web farms and data centers.

Data CenterInformation TechnologyInfrastructureRoboticsSoftwareVenture CapitalVirtualization
Series BApr 14, 2009
Amount Raised: $5,500,000
RipCode

Richardson, Texas, United States

RipCode provided a dual application infrastructure solution for delivering video on-demand and real-time video streaming.

Enterprise SoftwareInfrastructureSoftwareVideo Streaming
Series CJan 5, 2009
Amount Raised: $12,500,000