United States · Series B startup

Who invested in Cover

6 rounds we have observed, with the 31 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.

CleantechConstructionFintechInsurtech

Y Combinator: W16

Funding summaryUpdated 26 Oct 2026

$96Mraised across 6 rounds since 2013, from 6 sources

$1.5MSeed$5.5MSeries A$1.6MSeed$11MSeed$16MSeries B$60MSeries B
Latest round
Series B, $60MOct 2021
Step-upi
3.8×
Investors
31 (1 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.

20132015201720192021
$1.5MSeed$5.5MSeries A$1.6MSeed$11MSeed$16MSeries B$60MSeries B
First round
Seed, $1.5M
May 2013
Biggest round
$60M
Series B · Oct 2021
Usual gap between rounds
15 months
the median of 5

The rounds

  1. Oct 2021
  2. Oct 2018
    Series B$16M5 new

    Reported by TechCrunch

  3. Jul 2017
    Seed$11M1 new

    Reported by FinSMEs

  4. May 2017
    Seed$1.6M3 new

    Reported by FinSMEs

  5. Jul 2014
  6. May 2013

Founders and team

From the SEC filings it signed: 2 on the team.

  • Andrew CoveExecutive Officer, Directori
  • Mark EgermanExecutive Officer, Directori

On the board, as filediBryce Roberts

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.

Exits

ExitBuyerPriceWhen
AcquiredVelocityundisclosedSept 2015
AcquiredTwitterundisclosedApr 2014

From historical deal records. Wrong? Tell us.

Everyone who backed them

General CatalystVC firm2rounds
Naval RavikantVC firm2rounds
Josh SpearAngel2rounds
Mike GreenfieldAngel2rounds
James AltucherVC firm2rounds
Andrew KortinaAngel2rounds
Ben LeventhalAngel2rounds
Dave EisenbergAngel2rounds
Chris MuscarellaAngel2rounds
John McDonaldAngel2rounds
Arjun SethiVC firm1round, led 1
Khosla VenturesVC firm1round
Founders FundVC firm1round
BenchmarkVC firm1round
Spark CapitalVC firm1round
Lerer HippeauVC firm1round
Social CapitalVC firm1round
Lerer VenturesVC firm1round
Fifty YearsVC firm1round
SamsungVC firm1round
RedSwan VCVC firm1round
capitalBAngel network1round
ExorCorporate VC1round
Edward ZimmermanVC firm1round
Ed ZimmermanAngel1round
Hyperspeed VenturesVC firm1round
Khosla Ventures/ Fifty Yearsno record of our own yet1round
Socialno record of our own yet1round
Tribe Capital/ YCno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Cover

Who invested in Cover?

Cover's investors include General Catalyst, Naval Ravikant, O'Reilly AlphaTech Ventures, Josh Spear and Mike Greenfield, and 26 more on record.

How much has Cover raised?

Cover has raised $96M across 6 rounds since 2013.

When did Cover last raise?

Cover's most recent round was a Series B of $60M in Oct 2021.

What was Cover's biggest round?

Its most recent round, $60M in Oct 2021, is also its largest on record.

Who backed Cover first?

Cover's first round on record, in May 2013, was backed by Lerer Ventures, Naval Ravikant and O'Reilly AlphaTech Ventures and 11 others.

What stage is Cover at?

Cover's latest named round is a Series B, in Oct 2021.

Where is Cover based?

Cover is based in the United States.

Who led Cover's rounds?

Arjun Sethi led the Series B in 2018.

Companies like Cover

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