# Covera Ventures: portfolio, investments and team

> Covera Ventures is a growth equity based in United States. 23 investments on record, latest Jan 2014. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/covera-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Covera Ventures

Last cheque observed Jan 2014. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Growth equity

Series B Series A Series C Education Industrial Engineering Biotechnology

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 23 on record

Since the last cheque **4652** days **00** hrs **00** min **00** sec

Median round **$8.3M** Rounds led **0 of 23** Exits **9 from the portfolio** Mostly in **United States, 100%**

Pitch Covera Ventures

## Covera Ventures highlights

- 01 23 rounds on record
- 02 Mostly Series B and Series A: 59% of its rounds
- 03 9 exits from the portfolio

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Education Industrial Engineering Biotechnology
- **Based in:** Austin, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **23 appearances**

- **2014** 1 round
- **Jan** **[Innography](https://millionrounds.com/company/innography)** Series B · US **$3.5M** With 2 others
- **2012** 1 round
- **Jun** **[Alert Logic](https://millionrounds.com/company/alert-logic)** Series F · US · pevc.dowjones.com **$12M** With 6 others
- **2011** 1 round
- **Apr** **[Alert Logic](https://millionrounds.com/company/alert-logic)** Series E · US · alertlogic.com **$13M** With 4 others
- **2010** 2 rounds
- **Dec** **[SensorLogic](https://millionrounds.com/company/sensorlogic)** Venture · US · sensorlogic.com **$5.0M** With 3 others
- **Feb** **[Innography](https://millionrounds.com/company/innography)** Series B · US · texastechpulse.com **$3.0M** With 1 other
- **2009** 3 rounds
- **Oct** **[Synageva BioPharma](https://millionrounds.com/company/synageva-biopharma)** Series F · US · altassets.net **$12M** With 4 others
- **Apr** **[FastScaleTechnology](https://millionrounds.com/company/fastscaletechnology)** Series B · US · venturebeat.com **$5.5M** With 2 others
- **Jan** **[RipCode](https://millionrounds.com/company/ripcode)** Series C · US · techcrunch.com **$13M** With 4 others
- **2008** 4 rounds
- **Aug** **[Innography](https://millionrounds.com/company/innography)** Series A · US · marketwatch.com **$6.5M** With 1 other
- **Jul** **[Athenix](https://millionrounds.com/company/athenix)** Series D · US · deals.venturebeat.com **$10M** With 3 others
- **Apr** **[SensorLogic](https://millionrounds.com/company/sensorlogic)** Series C · US **$9.0M** With 5 others
- **Mar** **[Alert Logic](https://millionrounds.com/company/alert-logic)** Series C · US · updatapartners.com **$8.3M** With 3 others
- **2007** 5 rounds
- **Aug** **[RipCode](https://millionrounds.com/company/ripcode)** Series B · US · ripcode.com **$13M** With 4 others
- **Jun** **[SensorLogic](https://millionrounds.com/company/sensorlogic)** Series B · US · millenniapartners.com **$5.0M** With 5 others
- **Jun** **[Storspeed](https://millionrounds.com/company/storspeed)** Series A · US · texastechpulse.com **$13M** With 3 others
- **Mar** **[FastScaleTechnology](https://millionrounds.com/company/fastscaletechnology)** Series A · US · venturebeat.com **$6.5M** With 3 others
- **Feb** **[Sirific Wireless](https://millionrounds.com/company/sirific-wireless)** Series C · US · thefreelibrary.com **$19M** With 6 others
- **2006** 4 rounds
- **Nov** **[Photobucket](https://millionrounds.com/company/photobucket)** Series A · US · moconews.net **$4.5M** With 3 others
- **Nov** **[RipCode](https://millionrounds.com/company/ripcode)** Series A · US · ripcode.com **$7.0M** With 4 others
- **Aug** **[Alert Logic](https://millionrounds.com/company/alert-logic)** Series B · US · houston.bizjournals.com **$5.0M** With 4 others
- **Jan** **[Athenix](https://millionrounds.com/company/athenix)** Series C · US · athenixcorp.com **$13M** With 5 others
- **2004** 2 rounds
- **Oct** **[Metreos Corporation](https://millionrounds.com/company/metreos-corporation)** Series A · US · bizjournals.com **$3.8M** With 3 others
- **Jan** **[Athenix](https://millionrounds.com/company/athenix)** Series B · US · millenniapartners.com **$13M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **9 in all**

**[Innography](https://millionrounds.com/company/innography)** Bought by [CPA Global](https://millionrounds.com/fund/cpa-global) **Undisclosed** Nov 2015

**[Synageva BioPharma](https://millionrounds.com/company/synageva-biopharma)** Bought by [Alexion Pharmaceuticals](https://millionrounds.com/fund/alexion-pharmaceuticals) **$8.4B** May 2015

**[SensorLogic](https://millionrounds.com/company/sensorlogic)** Bought by Gemalto **Undisclosed** Dec 2011

**[Photobucket](https://millionrounds.com/company/photobucket)** Bought by Photobucket **Undisclosed** Dec 2009

**[FastScaleTechnology](https://millionrounds.com/company/fastscaletechnology)** Bought by [EMC](https://millionrounds.com/fund/emc) **Undisclosed** Aug 2009

**[Athenix](https://millionrounds.com/company/athenix)** Bought by Bayer CropScience **Undisclosed** Aug 2009

**[Sirific Wireless](https://millionrounds.com/company/sirific-wireless)** Bought by Icera **Undisclosed** May 2009

**[Photobucket](https://millionrounds.com/company/photobucket)** Bought by [Fox Interactive Media](https://millionrounds.com/fund/fox-interactive-media) **Undisclosed** May 2007

**[Metreos Corporation](https://millionrounds.com/company/metreos-corporation)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **$28M** Jun 2006

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Series B Series A Series C

Median round joined **$8.3M** the round, not its cheque

Led 0 of 23 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Jan 2014
- **Exits:** 9 from the portfolio

Rounds by stage said on their site

- Series B *7*
- Series A *6*
- Series C *5*
- Series F *2*
- Series D *1*
- Series E *1*

Cheques by year Led Joined

2004 2014

Often in the room with

- [Hunt Ventures](https://millionrounds.com/fund/hunt-ventures) 7
- [ATA Ventures](https://millionrounds.com/fund/ata-ventures) 5
- [Boston Millennia Partners](https://millionrounds.com/fund/boston-millennia-partners) 5
- [Access Venture Partners](https://millionrounds.com/fund/access-venture-partners) 4
- [El Dorado Ventures](https://millionrounds.com/fund/el-dorado-ventures) 4
- [Mercury Fund](https://millionrounds.com/fund/mercury-fund) 4

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## Who they invest alongside

The investors most often in the same rounds as Covera Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Hunt Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/hunt-ventures)[**ATA Ventures** Growth equity **5** rounds together](https://millionrounds.com/fund/ata-ventures)[**Boston Millennia Partners** Private equity **5** rounds together](https://millionrounds.com/fund/boston-millennia-partners)[**Access Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/access-venture-partners)[**El Dorado Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/el-dorado-ventures)[**Mercury Fund** VC firm **4** rounds together](https://millionrounds.com/fund/mercury-fund)[**Vesbridge Partners** Investment firm **4** rounds together](https://millionrounds.com/fund/vesbridge-partners)[**Austin Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/austin-ventures)[**Intersouth Partners** VC firm **3** rounds together](https://millionrounds.com/fund/intersouth-partners)[**OCA Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/oca-ventures)[**Polaris Partners** VC firm **3** rounds together](https://millionrounds.com/fund/polaris-partners)[**Sevin Rosen Funds** VC firm **3** rounds together](https://millionrounds.com/fund/sevin-rosen-funds)

## Quick answers about Covera Ventures

### What does Covera Ventures invest in?

Covera Ventures invests most often at Series B and Series A (59% of the rounds on record), in sectors such as Education, Industrial Engineering and Biotechnology.

### How active is Covera Ventures?

23 investments on record, 0 of them in the last 12 months. The most recent was in Jan 2014.

### How big are Covera Ventures's cheques?

The median round it joins is $8.3M.

### Does Covera Ventures lead rounds?

Rarely, if at all: none of its 23 investments on record names it as the lead.

### Where does Covera Ventures invest?

Most of the companies it backs are in the United States (100%).

### Is Covera Ventures investing now?

No investments in the last 12 months; the latest was in Jan 2014.

### Who does Covera Ventures invest alongside?

Most often Hunt Ventures (7 rounds together), ATA Ventures (5 rounds together) and Boston Millennia Partners (5 rounds together).

### What kind of investor is Covera Ventures?

Covera Ventures is a growth equity firm based in Austin, United States.

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