United States · Who invested in Covestor?
Covestor's investors include Spark Capital, Union Square Ventures, Amadeus Capital Partners, Betaworks and Bay Partners, and 2 more on record.
200820092010201120122013
$1.0MSeed$6.5MSeries A$3.6MVenture$13MSeries B
United States · Series B startup
Who invested in Covestor
Funding summaryUpdated 26 Oct 2026
$24Mraised across 4 rounds since 2007, from 4 sources
$1.0MSeed$6.5MSeries A$3.6MVenture$13MSeries B
- Latest round
- Series B, $13MJun 2013
- Step-upi
- 3.5×
- Investors
- 7
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Seed, $1.0M Jun 2007
- Biggest round
- $13M Series B · Jun 2013
- Usual gap between rounds
- 22 months the median of 3
The rounds
- Jun 2013Series B$13M1 new3 returning
Reported by finsmes.comSEC filing: $13M sold, first sale Jun 2013
- Feb 2010Venture$3.6M
No investor was named in the report.
Reported by sec.govSEC filing: $360M sold, first sale Feb 2010
- Apr 2008Series A$6.5M4 new
Reported by mashable.com
- Jun 2007
Founders and team
From Covestor's own website: 3 on the team.
- Bimal ShahChief Technology Officer
- Jeff RothChief Compliance Officer
- Sanjoy GhoshChief Investment Officer
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.
Seed2007Series A2008Venture2010Series B2013
Spark Capital
Union Square Ventures
Amadeus Capital Partners
Betaworks
Bay Partners
IA VenturesSimon Murdoch
Spark CapitalUnion Square VenturesAmadeus Capital PartnersBetaworksBay PartnersIA VenturesSimon MurdochThe exit
ExitBuyerPriceWhen
From historical deal records. Wrong? Tell us.
Everyone who backed them
Simon MurdochAngel1round
Missing a round, or an investor who was in one? Tell us.
Quick answers about Covestor
How much has Covestor raised?
Covestor has raised $24M across 4 rounds since 2007.
When did Covestor last raise?
Covestor's most recent round was a Series B of $13M in Jun 2013.
What was Covestor's biggest round?
Its most recent round, $13M in Jun 2013, is also its largest on record.
Who backed Covestor first?
Covestor's first round on record, in Jun 2007, was backed by IA Ventures and Simon Murdoch.
What stage is Covestor at?
Covestor's latest named round is a Series B, in Jun 2013.
Where is Covestor based?
Covestor is based in the United States.
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