When was Cove founded?

Cove was founded in 2014 and raised its 1st funding round 5 years after it was founded.

Where is Cove located?

Cove is headquartered in Los Angeles, United States.

How many employees does Cove have?

As of Aug 31, 2026, the latest employee count at Cove is 27.

Is Cove a funded company?

Cove is a funded company, having raised a total of $11.6M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Dec 04, 2019.

When was the latest funding round of Cove?

Cove's latest funding was a $***** Series A round on Oct 04, 2023, with participation from 3 investors.

Where does Cove rank among its competitors?

Cove ranks 60th amongst 413 active competitors, of which 106 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Tidal Vision, which secured $19M in May, 2026.

Who are the top competitors of Cove?

Cove's top competitors include Shellworks, Xampla and altM. Among them, Tidal Vision secured the most recent funding round in May, 2026.

Cove - 2026 Company Profile, Team, Funding & Competitors

Cove is a series A company based in Los Angeles (United States), founded in 2014 by Alex Totterman. It operates as a Provider of plant protein-based bottles for water packaging for enterprises. Cove has raised $11.6M in funding from Valor Equity Partners. The company has 413 active competitors, including 106 funded and 17 that have exited. Its top competitors include companies like Shellworks, Xampla and altM.

Company Details

Provider of plant protein-based bottles for water packaging for enterprises. The platform manufactures bottles from PHA which is biodegradable in nature.

Website: cove.co
Social
Email ID: *****@drinkcove.com

Key Metrics

Founded Year

2014

Location

Los Angeles, United States

Stage

Series A

Total Funding

$11.6M in 2 rounds

Latest Funding Round

Series A, Oct 04, 2023, $*****

Investors

Valor Equity Partners & 9 more

Ranked

60^th among 413 active competitors

Employee Count

27 as on Aug 31, 2026

Similar Companies

Xampla & 12 more

View Cove's full profile

Cove has raised a total funding of $11.6M over 2 rounds. Its first funding round was on Dec 04, 2019. Its latest funding round was a Series A round on Oct 04, 2023 for $*****. 3 investors participated in its latest round. Cove has 10 institutional investors.

Here is the list of recent funding rounds of Cove:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 04, 2023	2308103	Series A	9700297	1126536	1289017	4028637
Dec 04, 2019	8061436	Series A	7202793	3071974	6827271	9637456

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View details of Cove's funding rounds and investors

The founders of Cove is Alex Totterman.

Here are the details of Cove's key team members:

Alex Totterman: Founder & CEO of Cove and founder of 1 other company.
Contact Info: 2 email addresses

View details of Cove's Founder profiles and Board Members

Cove's employee count trend

Cove has 27 employees as of Aug 26. Here is Cove's employee count trend over the years:

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Top competitors of Cove include Shellworks, Xampla and altM. Here is the list of Top 10 competitors of Cove, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shellworks 2018, London (United Kingdom), Series A	Manufacturer of plastic-free packaging and consumer goods made from biomaterials	$22.1M	LocalGlobe, Alter Equity & 18 others	64/100
2nd	Xampla 2018, Cambridge (United Kingdom), Series A	Manufacturer of plant based bio-degradable packaging products	$31.9M	Cambridge Angels, Horizons Ventures & 17 others	62/100
3rd	altM 2022, Bengaluru (India), Seed	Deep-tech biorefinery company converting agricultural waste into sustainable biomaterials	$3.5M	Omnivore, Apex Group & 32 others	62/100
4th	EF Polymer 2018, Okinawa (Japan), Series B	Manufacturer of organic super-absorbent hydrogel for sustainable agriculture	$28.9M	Beyond Next Ventures, ema.co.jp & 25 others	60/100
5th	Sway 2020, Carmel Valley (United States), Seed	Manufacturer of seaweed-based materials as compostable replacements for plastic packaging	$14.5M	Valor Equity Partners, Climate Capital & 19 others	59/100
6th	Calyxia 2011, Bonneuil sur Marne (France), Series B	Provider of diversified green chemicals	$53.7M	Lombard Odier, Astanor & 3 others	59/100
7th	Tidal Vision 2014, Bellingham (United States), Series B	Provider of natural biopolymer materials	$356M	Sahsen Ventures, KIRKBI A/S & 12 others	58/100
8th	Newlight Technologies 2003, Huntington Beach (United States), Series F	Developer of technology converting greenhouse gas into biomaterial for product manufacturing	$220M	GenZero, Valedor Partners & 6 others	58/100
9th	Lactips 2014, Saint Jean Bonnefonds (France), Series C	Manufacturer of natural polymer solutions for reducing plastic waste	$36.7M	GO CAPITAL, Bpifrance & 10 others	57/100
10th	Traceless 2020, Hamburg (Germany), Series A	Manufacturer of bioplastics from agricultural waste	$39M	UB FIGG, EIC Fund & 9 others	56/100
60th	Cove 2014, Los Angeles (United States), Series A	Provider of plant protein-based bottles for water packaging for enterprises	$11.6M	Lupa Systems, Litani Ventures & 8 others	39/100