What is Cove?
Cove is a revolutionary provider of building design tools designed to dismantle traditional barriers within the design and construction lifecycle. The company fosters a collaborative environment through a new network focused on shared information, enhanced interoperability, and increased accountability among project teams. By breaking down silos, Cove aims to streamline the entire building design and construction process, making it more efficient and transparent.
How much funding has Cove raised?
Cove has raised a total of $35.7M across 2 funding rounds:
Series A
$5.7M
Series B
$30M
Series A (2020): $5.7M with participation from TechSquare Labs, Urban Us companies, and Knoll Ventures LLC
Series B (2021): $30M led by Coatue, FootPrint Coalition, Knoll Ventures, Mucker Capital, and Urban Us companies
Key Investors in Cove
TechSquare Labs
TechSquare Labs is an early-stage venture capital fund based in Atlanta, known for empowering tech entrepreneurs. They actively partner with technical founders to accelerate growth, leveraging their extensive network and proactive support.
Coatue
Coatue is an employee-owned hedge fund sponsor that invests in public and private equity across global markets. The firm, founded in 1999, is based in New York City and also invests in equity-related securities.
FootPrint Coalition
FootPrint Coalition is a climate tech venture capital firm dedicated to combating climate change by investing in innovative climate tech companies and disseminating climate news across various sectors.
What's next for Cove?
With the recent infusion of major strategic capital, Cove is poised for accelerated growth and innovation. The company is likely to focus on expanding its platform's capabilities, enhancing its interoperability features, and broadening its market reach. This strategic investment suggests a focus on scaling operations, potentially through new product development, strategic partnerships, or market penetration initiatives. Cove's commitment to creating a connected ecosystem for design and construction professionals positions it for significant impact in the industry.
See full Cove company page
