United States · Investor

Covington Group

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

QuietVC firmWebsite unconfirmed

SeedSeries ASeries BIndustrialCommercial

Cheques on record
0%of best year0cheques in 12 months, 16 on record
Since the last cheque4675days00hrs00min00sec
Median round$5.8MRounds led0 of 16Sole investor1 roundsExits4 from the portfolioMostly inCanada, 73%
Pitch Covington Group

Covington Group highlights

  1. 01

    16 rounds on record

  2. 02

    Mostly Series B and Venture: 63% of its rounds

  3. 03

    Sole investor in 1 rounds, median $5.0M

  4. 04

    4 exits from the portfolio

What they do

Type
VC firm (from a list, unverified)
Cheque size
Not stated
Stages
SeedSeries ASeries BGrowth
Sectors
IndustrialCommercial
Based in
Dallas, United States
Cold pitches
Not accepted

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. Tell us the right one.

The record

Every round we can evidence, newest first16 appearances

  1. 2014

    1 round

  2. Jan
    BTI SystemsSeries D · US$27MWith 3 others
  3. 2013

    1 round

  4. Feb
    BTI SystemsSeries C · CA · techcrunch.com$10MWith 3 others
  5. 2010

    1 round

  6. Mar
    AimetisSeries A · CA · securitysystemsnews.com$5.0MSole investor
  7. 2008

    1 round

  8. Dec
    Interface Biologics, Inc.Venture · CA$5.0MWith 1 other
  9. 2005

    8 rounds

  10. Nov
    Series B$7.4MWith 2 others
  11. Nov
    NetIQSeries B · US$7.4MWith 2 others
  12. May
    AgilisysVenture · US$5.6MWith 3 others
  13. May
    Agile SystemsVenture · CA · agile-systems.com$7.0MWith 4 others
  14. Apr
    FirstHand TechnologiesSeries B · CA$6.0MWith 1 other
  15. Apr
    CoreworxSeries B · CA$8.7MWith 6 others
  16. Feb
    DiaphonicsSeries A · CA$2.9MWith 3 others
  17. Jan
    ResolverSeries B · CA$3.8MWith 2 others
  18. 2004

    1 round

  19. Jan
    Atsana SemiconductorVenture · CA$10MWith 3 others
  20. 2003

    2 rounds

  21. Jun
    CloakwareSeries B · US$4.2MWith 1 other
  22. Feb
    WysdomSeries C · CA$5.1MWith 1 other
  23. 2001

    1 round

  24. Oct
    Kyberpass CorporationSeries C · CA$4.0MWith 2 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 15 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 listed4 in all

CloakwareBought by XceediumUndisclosedSept 2011
FirstHand TechnologiesBought by CounterPath CorporationUndisclosedFeb 2008
CloakwareBought by Irdeto$73MDec 2007
Atsana SemiconductorBought by MtekVisionUndisclosedAug 2005

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

Who they invest alongside

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

BDC CapitalVC firm4rounds togetherRoynat Equity PartnersVC firm3rounds togetherBEST FundsVC firm2rounds togetherBain Capital VenturesVC firm2rounds togetherExpansion Capital PartnersInvestment firm2rounds togetherGrowthWorksVC firm2rounds togetherInsight PartnersVC firm2rounds togetherSkylon AdvisorsGrowth equity2rounds together

Quick answers about Covington Group

What does Covington Group invest in?

Covington Group invests most often at Series B and Venture (63% of the rounds on record), in sectors such as Industrial and Commercial.

How active is Covington Group?

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

How big are Covington Group's cheques?

The median round it joins is $5.8M.

Does Covington Group lead rounds?

Rarely, if at all: none of its 16 investments on record names it as the lead.

Where does Covington Group invest?

Most of the companies it backs are in Canada (73%) and the United States (27%).

Is Covington Group investing now?

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

Who does Covington Group invest alongside?

Most often BDC Capital (4 rounds together), Roynat Equity Partners (3 rounds together) and BEST Funds (2 rounds together).

What kind of investor is Covington Group?

Covington Group is a VC firm based in Dallas, United States.

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it