# Covercy: Financial services, New York, United States

> Covercy: Covercy is a financial technology company specializing in commercial real estate (CRE) investment management and embedded banking services.

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

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

# Covercy

Covercy is a financial technology company specializing in commercial real estate (CRE) investment management and embedded banking services.

Email

Funding reported Last round: Undisclosed round

Financial services New York, United States

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Company summary

- **Founded:** 2015 11 years old
- **Team:** 36 11 to 50 people
- **Funding reported:** $11M in dollars
- **Last round:** Undisclosed round Mar 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Covercy has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Covercy

Covercy is a financial technology company specializing in commercial real estate (CRE) investment management and embedded banking services.

Founded in 2015 and headquartered in London, with offices in New York and Tel Aviv, Covercy has developed an all-in-one platform that integrates payments expertise with real estate industry experience. The company serves over 90 General Partners (GPs) and 4,500 Limited Partners (LPs), facilitating more than $300 million in transactions annually. Covercy offers a range of services designed to streamline the investment management process. These include automated distribution payments, capital call processing, cross-border payments, and investor administration. The platform features a secure, cloud-based SaaS solution that provides tools for fundraising, investor tracking, and market trend forecasting through AI-driven analytics. Covercy's unique approach combines financial services directly into the investment management workflow, enhancing efficiency and transparency for its clients in the CRE sector.

## What company datasets say Covercy raised

Funding, as reported

Reported in all **$11M** in dollars

Rounds **4**

Last round **Undisclosed round**

Last round size **$4.0M**

Last round date **Mar 2024**

Investors listed **11**

## Founders and team

From Covercy's own website: 1 founder, 8 on the team.

**Doron Cohen** Founder & CEO

- **Peter Sanchez** President
- **Gal Miller** VP Product
- **Kristen Erickson** Head of Marketing
- **Rotem Magen** Head of EMEA Accounts
- **Veronika Miller** VP Finance & Operations
- **Yehonathan Jacob** VP R&D
- **Chip Kruger** Chairperson
- **Colin Rau** Director of US Sales & Client Success

## On 2 portfolio pages

Investors who name them

- [Silvertech Ventures](https://millionrounds.com/fund/silvertech-ventures)
- [RE Angels](https://millionrounds.com/fund/re-vc)

Each firm lists Covercy on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

information technology & services real estate financial services investment management fintech commercial real estate payments alternative investments fund administration finance technology

Built with from their website

Google Tag Manager HREF Lang Atlassian Google Cloud Xray Jira Google Workspace Viewport Meta LinkedIn Ads Next.js

+8 more

Hubspot Atlassian Confluence webpack Selenium Sendgrid Sentry Apple Business Manager Google Cloud Hosting

- **Sector:** Financial services
- **Industry code:** NAICS 523940, 531390, SIC 6282, 6531
- **Region:** New York
- **Revenue:** $2.6M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/covercy)

## Financial services in United States

Startups like it

- [**Kalshi** New York · founded 2019 *Raised*](https://millionrounds.com/company/kalshi)
- [**Temporal** founded 2022 *Raised*](https://millionrounds.com/company/temporal)
- [**Vestwell** New York · founded 2016 *Raised*](https://millionrounds.com/company/vestwell)
- [**C2FO** Kansas City · founded 2008 *Raised*](https://millionrounds.com/company/c2fo)
- [**Yieldstreet** New York · founded 2015 *Raised*](https://millionrounds.com/company/yieldstreet)
- [**Flutterwave** San Francisco · founded 2016 *Raised*](https://millionrounds.com/company/flutterwave)
- [**Corgi** San Francisco · founded 2024 *Raised*](https://millionrounds.com/company/corgi)
- [**Alpaca** San Mateo · founded 2017 *Raised*](https://millionrounds.com/company/alpaca)

## Is this your company?

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