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Covalent
company
About
Covalent is design to address a problem that is frequently overlooked: read-scalability.
- Vancouver,British Columbia,Canada
- 51 - 100
- https://www.covalenthq.com/
Details
- Last Funding Type
- Seed
- Industries
- Blockchain,Cryptocurrency,Data Integration,Data Visualization,Database,Developer APIs,Ethereum,FinTech,Information Technology,Software
- Founded date
- Mar 1, 2018
- Number Of Employee
- 51 - 100
- Operating Status
- Active
- Also Known As
- Covalent Unified API
Covalent is set out to solve a problem that’s often overlooked: the read-scalability problem. The blockchains are designed for transaction and settlement throughput while reading from blockchain nodes is difficult. Covalent’s thesis is that by solving read-scalability, we would enable use-cases that were as of then unknown. Covalent further took the solution up a notch by introducing a normalized data model and exposing it behind a Unified API.Covalent Unified API now supports 32 blockchains (still growing), 1000+ applications and over 27,000 developers.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
6
$5.10M
Covalent has raised a total of
$5.10M
in funding over 2 rounds. Their latest funding was raised on
Apr 30, 2021 from a Funding Round round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Apr 30, 2021 | Funding Round | — | 1 | — | — | Detail |
| Mar 24, 2021 | Series Unknown | $2M | 13 |
Hashed
|
— | Detail |
| Oct 11, 2020 | Seed | — | 1 | — | — | Detail |
| Oct 7, 2020 | Series Unknown | $3.10M | 6 |
1kx
Woodstock Fund
|
— | Detail |
| Jun 3, 2020 | Non-Equity Assistant | — | 2 | — | — | Detail |
Investors
Number of Lead Investors
Number of Investors
4
24
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Hashed
|
Yes | Series Unknown |
|
1kx
|
Yes | Series Unknown |
|
Woodstock Fund
|
Yes | Series Unknown |
Victory Square
|
Yes | Pre-seed |
High Naut Capital
|
— | Funding Round |
Coinbase Ventures
|
— | Series Unknown |
Figment
|
— | Series Unknown |
Ankr
|
— | Series Unknown |
Avalanche
|
— | Series Unknown |
Binance Labs
|
— | Series Unknown |
Employee Profiles
Number of Employee Profiles
3
Covalent has 3 current employee profiles, including
Executive Ganesh Swami
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