United States · 
Who invested in Covariant?
Covariant's investors include Index Ventures, Lux Capital, Coatue, Temasek Holdings and Radical Ventures, and 1 more on record.
United States · Series C startup
Who invested in Covariant
Funding summaryUpdated 26 Oct 2026
$75Mraised across 1 round since 2023, from 1 source
- Latest round
- Series C, $75MApr 2023
- Investors
- 6
The rounds
- Apr 2023Series C$75M
Source recordedSEC filing: $23M sold, first sale Nov 2022
Founders and team
From the SEC filings it signed: 1 on the team.
- Xi ChenExecutive Officer, Director, Promoteri
On the board, as filediJordan JacobsMichael VolpiPieter AbbeelSunil ShaliwalTheodore Stinson
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 4 firms list Covariant as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Covariant
How much has Covariant raised?
Covariant has raised $75M across 1 round since 2023.
When did Covariant last raise?
Covariant's most recent round was a Series C of $75M in Apr 2023.
What was Covariant's biggest round?
Its most recent round, $75M in Apr 2023, is also its largest on record.
Who backed Covariant first?
Covariant's first round on record, in Apr 2023, was backed by Index Ventures, Lux Capital and Coatue and 3 others.
What stage is Covariant at?
Covariant's latest named round is a Series C, in Apr 2023.
Where is Covariant based?
Covariant is based in the United States.
Companies like Covariant
In the same sector, and raised in the last eighteen months.
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