When was Secova founded?

Secova was founded in 1989 and raised its 1st funding round 14 years after it was founded.

Where is Secova located?

Secova is headquartered in Newport Beach, United States. It is registered at Wall, New Jersey.

Who is the current CEO of Secova?

Venkat Tadanki of Secova. They are also angel investors in 7 startups, including .

How many employees does Secova have?

As of Jun 30, 2026, the latest employee count at Secova is 205.

Is Secova a funded company?

Secova is a funded company, having raised a total of $10M across 2 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Sep 02, 2003.

When was the latest funding round of Secova?

Secova's latest funding was a $***** Series B round on Jun 19, 2006, with participation from 1 investor.

Where does Secova rank among its competitors?

Secova ranks 133rd amongst 32628 active competitors, of which 251 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was CIEL HR, which secured $3.34M in Jan, 2026.

Who are the top competitors of Secova?

Secova's top competitors include TriNet, CIEL HR and UKG. Among them, CIEL HR secured the most recent funding round in January, 2026.

Secova - 2026 Company Profile, Team, Funding & Competitors

Secova is an acquired company based in Newport Beach (United States), founded in 1989. It operates as a Provider of end to end HR services. Secova has raised $10M in funding from Infrastructure Leasing & Financial Services. The company has 32628 active competitors, including 251 funded and 1714 that have exited. Its top competitors include companies like TriNet, CIEL HR and UKG.

Company Details

Website: secova.com
Social
Registered Address: Wall, New Jersey

Key Metrics

Founded Year

1989

Location

Newport Beach, United States

Stage

Acquired

Total Funding

$10M in 2 rounds

Latest Funding Round

Series B, Jun 19, 2006, $*****

Investors

Infrastructure Leasing & Financial Services & 3 more

Ranked

133^rd among 32628 active competitors

Employee Count

205 as on Jun 30, 2026

Similar Companies

TriNet & 37481 more

Exit Details

Acquired by Altruist Technologies (May 17, 2019)

View Secova's full profile

Secova is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SECOVA INC CIN: 330954754 , United States, Active	Dec 26, 999	-	5 (As on Dec 31, 2024)	-
SECOVA ESERVICES PRIVATE LIMITED CIN: U72200TN2003PTC051138 , India, Active	Jul 04, 2003	₹10 - ₹50 Cr (As on Mar 31, 2025)	-

Secova got acquired by Altruist Technologies on May 17, 2019.

Click here to take a look at Secova's acquisition in detail

Secova has raised a total funding of $10M over 2 rounds. Its first funding round was on Sep 02, 2003. Its latest funding round was a Series B round on Jun 19, 2006 for $*****. 1 investor participated in its latest round. Secova has 4 institutional investors.

Here is the list of recent funding rounds of Secova:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 19, 2006	3491650	Series B	6078955	5870886	3058247	7718365
Sep 02, 2003	6555259	Series B	6472666	9227447	Infrastructure Leasing & Financial Services	5341373

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View details of Secova's funding rounds and investors

Secova's employee count trend

Secova has 205 employees as of Jun 26. Here is Secova's employee count trend over the years:

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Top competitors of Secova include TriNet, CIEL HR and UKG. Here is the list of Top 10 competitors of Secova, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	TriNet 1988, Dublin (United States), Public	Provider of HR solutions, payroll processing, and benefits administration services	$60M	Encourage Capital, Initiative Equity Partners ... & 9 others	79/100
2nd	CIEL HR 2015, Bengaluru (India), Series A	Company offering a complete suite of tech-driven HR solutions, covering the entire employee lifecycle	$15.9M	Pegasus, Khivraj Motors & 151 others	77/100
3rd	UKG 1977, Weston (United States), Early Stage	Provider of HR and payroll & workforce management solutions	$6.09M	Hellman & Friedman, JMI Management & 5 others	75/100
4th	Insperity 1986, Kingwood (United States), Public	HR outsourcing service provider	-	Symmetric Capital, OnRamp Insurance Conference ... & 1 others	69/100
5th	Gi Group 1998, Milan (Italy), Series A	Provider of end to end HR services	-	Europa, Ventrus Biosciences	68/100
6th	FirstMeridian 2005, Bengaluru (India), Series A	Provider of human resources staffing and facility management services	$21.8M	Seedthree Trading, New Lane Trading & 106 others	67/100
7th	HR Path 2001, Nanterre (France), Series F	Provider of HR, payroll outsourcing & consulting services	$1.06B	Andera Partners, Societe Generale Capital Partenaire ... & 10 others	67/100
8th	Sequoia 2001, San Mateo (United States), Unfunded	Human resource management services provider	-	-	67/100
9th	iSolved 1986, Charlotte (United States), Acquired	Provider of human capital management software and related services	-	-	67/100
10th	Mercer 1945, New York City (United States), Funding Raised	Provider of professional services in risk, reinsurance, capital, people, and investments	-	Northleaf, Europa & 1 others	66/100
133rd	Secova 1989, Newport Beach (United States), Acquired	Provider of end to end HR services	$10M	Infrastructure Leasing & Financial Services, CM Finance ... & 2 others	43/100