# Cove funding: rounds and investors

> Cove has raised $59M across 8 rounds since 2019. Investors include Picus Capital, Sequoia Capital and Venturra. Every round with its source.

Source: https://millionrounds.com/company/cove (Millionrounds; every figure on the page links to its filing or article)

United States · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Cove*

8 rounds we have observed, with the 22 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

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Funding summary Updated 5 Nov 2026

**$59M** raised across 8 rounds since 2019, from 8 sources

**$30M** Series B

- **Latest round:** Venture Jun 2025
- **Biggest round:** $30M Series B · Dec 2021
- **Investors:** 22 (2 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2020 2021 2022 2023 2024 2025

**$1.3M** Round

**$2.0M** Seed

**$30M** Series B

**$8.5M** Grant

**$6.6M** Series A

**$6.0M** Seed

**$4.5M** Venture

**?** Venture

- **First round:** Round, $1.3M
- **Biggest round:** $30M
- **Usual gap between rounds:** 6 months

## The rounds

- **Jun 2025** Venture **Amount undisclosed** *2 new* [Reach](https://millionrounds.com/fund/reach) [Second Century Ventures](https://millionrounds.com/fund/second-century-ventures) Source recorded
- **Dec 2024** Venture **$4.5M** *4 new* *1 returning* [Google for Startups](https://millionrounds.com/fund/google-for-startups) [Antler](https://millionrounds.com/fund/antler) [Idinvest Partners](https://millionrounds.com/fund/idinvest-partners) [Picus Capital](https://millionrounds.com/fund/picus-capital) [Eurazeo](https://millionrounds.com/fund/eurazeo) Source recorded
- **Oct 2024** Seed **$6.0M** *6 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) Lead [Homebrew](https://millionrounds.com/fund/homebrew) [Elad Gil](https://millionrounds.com/fund/elad-gil) [Scott Belsky](https://millionrounds.com/fund/scott-belsky) [Lenny Rachitsky](https://millionrounds.com/fund/lenny-rachitsky) [Adverb Ventures](https://millionrounds.com/fund/adverb-ventures) Reported by TechCrunch
- **Oct 2023** Series A **$6.6M** *1 new* [Valor Siren Ventures](https://millionrounds.com/fund/valor-siren-ventures) Source recorded
- **Jul 2023** Grant **$8.5M** *1 new* [Atlantic Canada Opportunities Agency](https://millionrounds.com/fund/atlantic-canada-opportunities-agency) Source recorded
- **Dec 2021** Series B **$30M** *3 new* [Coatue](https://millionrounds.com/fund/coatue-management) [Mucker Capital](https://millionrounds.com/fund/mucker-capital) [Third Sphere](https://millionrounds.com/fund/third-sphere) Source recorded
- **Sept 2019** Seed **$2.0M** *4 new* [Venturra](https://millionrounds.com/fund/venturra) Lead [Picus Capital](https://millionrounds.com/fund/picus-capital) [Yuj Ventures](https://millionrounds.com/fund/yuj-ventures) [Investigate VC](https://millionrounds.com/fund/investigate-vc) Reported by e27 SEC filing: $5.0M sold, first sale Nov 2019
- **Jul 2019** Round **$1.3M** *1 new* [Greenlight Re Innovations](https://millionrounds.com/fund/greenlight-re-innovations) Reported by Voxy

## Founders and team

From Cove's own website: 3 on the team.

- **Chris Bayley** CEO
- **Gavin Dennis** CFO
- **Jim Basey** CTO

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2019 **Seed** 2019 **Series B** 2021 **Grant** 2023 **Series A** 2023 **Seed** 2024 **Venture** 2024 **Venture** 2025 [Picus Capital](https://millionrounds.com/fund/picus-capital) [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) L [Venturra](https://millionrounds.com/fund/venturra) L [Google for Startups](https://millionrounds.com/fund/google-for-startups) [Antler](https://millionrounds.com/fund/antler) [Coatue](https://millionrounds.com/fund/coatue-management) [Mucker Capital](https://millionrounds.com/fund/mucker-capital) [Idinvest Partners](https://millionrounds.com/fund/idinvest-partners) [Reach](https://millionrounds.com/fund/reach) [Eurazeo](https://millionrounds.com/fund/eurazeo)

## The exit

Exit Buyer Price When

Acquired [Dropbox](https://millionrounds.com/fund/dropbox-ventures) undisclosed Feb 2012

From historical deal records. Wrong? [Tell us](https://millionrounds.com/corrections?slug=cove).

## Everyone who backed them

[Picus Capital](https://millionrounds.com/fund/picus-capital) VC firm **2** rounds

[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **1** round, led 1

[Venturra](https://millionrounds.com/fund/venturra) VC firm **1** round, led 1

[Google for Startups](https://millionrounds.com/fund/google-for-startups) Accelerator **1** round

[Antler](https://millionrounds.com/fund/antler) VC firm **1** round

[Coatue](https://millionrounds.com/fund/coatue-management) VC firm **1** round

[Mucker Capital](https://millionrounds.com/fund/mucker-capital) VC firm **1** round

[Idinvest Partners](https://millionrounds.com/fund/idinvest-partners) Private equity **1** round

[Reach](https://millionrounds.com/fund/reach) VC firm **1** round

[Eurazeo](https://millionrounds.com/fund/eurazeo) Private equity **1** round

[Homebrew](https://millionrounds.com/fund/homebrew) VC firm **1** round

[Second Century Ventures](https://millionrounds.com/fund/second-century-ventures) Corporate VC **1** round

[Elad Gil](https://millionrounds.com/fund/elad-gil) VC firm **1** round

[Atlantic Canada Opportunities Agency](https://millionrounds.com/fund/atlantic-canada-opportunities-agency) VC firm **1** round

[Third Sphere](https://millionrounds.com/fund/third-sphere) VC firm **1** round

[Scott Belsky](https://millionrounds.com/fund/scott-belsky) Angel **1** round

[Valor Siren Ventures](https://millionrounds.com/fund/valor-siren-ventures) Corporate VC **1** round

[Lenny Rachitsky](https://millionrounds.com/fund/lenny-rachitsky) Angel **1** round

[Adverb Ventures](https://millionrounds.com/fund/adverb-ventures) VC firm **1** round

[Greenlight Re Innovations](https://millionrounds.com/fund/greenlight-re-innovations) Corporate VC **1** round

[Yuj Ventures](https://millionrounds.com/fund/yuj-ventures) VC firm **1** round

[Investigate VC](https://millionrounds.com/fund/investigate-vc) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cove).

## Quick answers about Cove

### Who invested in Cove?

Cove's investors include Picus Capital, Sequoia Capital, Venturra, Google for Startups and Antler, and 17 more on record.

### How much has Cove raised?

Cove has raised $59M across 8 rounds since 2019. One round did not disclose an amount, so the total is a floor.

### When did Cove last raise?

Cove's most recent round was a Venture in Jun 2025.

### What was Cove's biggest round?

Cove's largest round on record is $30M (Series B), in Dec 2021.

### Who backed Cove first?

Cove's first round on record, in Jul 2019, was backed by Greenlight Re Innovations.

### What stage is Cove at?

Cove's latest named round is a Venture, in Jun 2025.

### Where is Cove based?

Cove is based in the United States.

### Who led Cove's rounds?

Venturra led the Seed in 2019; Sequoia Capital led the Seed in 2024.

## Companies like Cove

In the same sector, and raised in the last eighteen months.

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