About Cove Fund
Cove Fund is a venture capital firm founded in 2014. It is primarily based out of Irvine, United States. As of Oct 2026, Cove Fund has invested in 41 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Life Sciences and High Tech. Most recently it participated in the $***** Series A round of VECKTA Overall, Cove Fund portfolio has seen 1 IPO and 3 acquisitions, namely CARLSMED and Whistle. A lot of funds co-invest with Cove Fund, with names like Okapi Venture Capital sharing a substantial percentage of its portfolio. Cove Fund has team of 22 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Cove Fund's List of Top Investments
Cove Fund has a portfolio of 41 companies. Their most notable investments are in Freightpop and Immersive Entertainment.Their portfolio spans across United States and Montenegro. They have invested in Enterprise Applications, Life Sciences, High Tech and 21 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Cove Fund:_1571286625316.png?format=webp&height=120&width=120){kind=logo}
1. CARLSMED
Developer of devices for spine surgery. The company uses patient data and proprietary digital technologies to create optimal surgical plans and personalized Aprevo spine fusion devices for adult spinal malalignment.
Key facts about CARLSMED
- Founded Year: 2018
- Location: San Diego (United States)
- Stage: Public
- Total Funding till date: $110M
- Employee Count: 154 as on Sep 30, 2026
- Investors: The Vertical Group, B Capital and 7 Others
- Latest Funding Round: Series C, Mar 12, 2024, $*****
- Highlight: Public
2. GigaIO
GigaIO provides a solution for data center workload management and automation solution. Product offered by the company eliminate I/O network bottlenecks for data center workloads. It can be deployed to provides services in the field of AI, machine learning, deep learning cloud computing, edge computing, high-performance computing, and fintech. It also maximizes the utilization of data center resources.
Key facts about GigaIO
- Founded Year: 2012
- Location: Carlsbad (United States)
- Stage: Series B
- Total Funding till date: $45.9M
- Employee Count: 30 as on Sep 30, 2026
- Investors: CerraCap Ventures, SK hynix and 11 Others
- Latest Funding Round: Series B, Jul 17, 2025, $*****
- Highlight: Editors' Pick
3. GoShare
Provider of on-demand delivery and moving services. It connects individuals and businesses with vetted professionals for same-day or scheduled deliveries and moves. Services include last-mile and middle-mile delivery, LTL shipping, and various moving options, from small parcels to furniture. The platform offers real-time tracking and facilitates communication between clients and drivers. Different vehicle types are available to suit various needs, and cargo insurance is provided. The company utilizes an app-based system for booking, tracking, and payment.
Key facts about GoShare
- Founded Year: 2014
- Location: San Diego (United States)
- Stage: Seed
- Total Funding till date: $7.92M
- Employee Count: 109 as on Sep 30, 2026
- Investors: XG Ventures, Glider Capital and 10 Others
- Latest Funding Round: Seed, Jul 29, 2021, $*****
- Highlight: Editors' Pick
4. VECKTA
Cloud-based microgrid turnkey control solutions provider. The platform helps its users to connect with right partners to design, finance and build microgrid or other distributed energy system. Other offerings include energy pricing, solar and wind data, vendor data and geospatial analysis.
Key facts about VECKTA
- Founded Year: 2019
- Location: San Diego (United States)
- Stage: Series A
- Total Funding till date: $14.3M
- Employee Count: 24 as on Sep 30, 2026
- Investors: Engage, Tech Square Ventures and 13 Others
- Latest Funding Round: Series A, Oct 20, 2026, $*****
- Highlight: Editors' Pick
5. Freightpop
AI-powered TMS streamlining shipping for manufacturers, retailers, distributors, and 3PLs. This cloud-based transportation management system simplifies logistics across parcel, LTL, FTL, ocean, rail, and air. It offers a user-friendly interface, rapid onboarding, and seamless integrations with ERP, WMS, and eCommerce platforms. The system automates key processes like rate shopping, dispatching, real-time tracking, and invoice auditing. It provides operational planning, WMS, dock scheduling, and route optimization. The platform offers shipment and order visibility, invoice auditing, and AI-powered reporting. It integrates with carriers, ERPs, rate marketplaces, and CRM systems. The solution empowers businesses to streamline operations, reduce manual effort, and make data-driven decisions. It offers features like shipment pooling and palletization to optimize load consolidation. The system aims to create a frictionless and connected supply chain, helping customers meet their business goals through streamlined distribution.
Key facts about Freightpop
- Founded Year: 2015
- Location: Lake Forest (United States)
- Stage: Seed
- Employee Count: 62 as on Sep 30, 2026
- Investors: ScOp Venture Capital, Sea Purity Investments and 3 Others
- Latest Funding Round: Seed, Jan 02, 2019, $*****
Cove Fund's Year-on-Year Investment Trends
Cove Fund has invested in 41 companies over the last 10 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 3 investments, while as of Oct 2026, it has made 1 investment in this year. Its most recent first time investment was in BLNG and most recent follow-on round was in VECKTA.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 3 | 0 | 3 |
2024 | 1 | 0 | 1 |
2023 | 2 | 0 | 2 |
2022 | 3 | 2 | 5 |
2021 | 2 | 1 | 3 |
2020 | 5 | 1 | 6 |
2019 | 3 | 1 | 4 |
2018 | 1 | 0 | 1 |
2017 | 2 | 0 | 2 |
Cove Fund's Investments by Stage
Cove Fund has made 18 investments in Seed stage with an average round size of $2.84M, 4 investments in Series A stage with an average round size of $6.73M and 1 investment in Series B stage with an average round size of $40M.Stage of entry | No. of Investments |
|---|---|
Seed | 18 |
Series A | 4 |
Series B | 1 |
Note: We have considered here, only first round of investments
Cove Fund's Investments by Sector
Cove Fund has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, Life Sciences, Consumer and High Tech. Notably, it has invested in 35 Tech companies, 31 Enterprise (B2B) companies, 25 Software companies and at least 13 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Enterprise Applications | 13 |
Vertical SaaS | 7 |
Life Sciences | 5 |
Consumer | 4 |
High Tech | 4 |
Others | 26 |
Note: We have considered here, only first round of investments
Cove Fund's Investments by Geography
Cove Fund has made most investments in United States (23).Cove Fund's recent investments
Cove Fund has made 1 investments in 2026 so far - VECKTA.Here are the most recent investments by Cove Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 20, 2026 | United States | Series A | 5592 | [+7] | |
Apr 08, 2025 | United States | Seed | 3751 | [+2] | |
Mar 17, 2025 | United States | Series A | 5069 | ||
Jan 31, 2025 | United States | Series A | 7656 | ||
Aug 28, 2024 | United States | Seed | 1352 | [+2] |
IPOs and Publicly Listed companies in Cove Fund's Portfolio
1 of Cove Fund's portfolio company became public - CARLSMED. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jul 2025 at marketcap of $398MHere are Cove Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 23, 2025 | Jun 23, 2020 | Seed | 4415 |
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Acquired companies in Cove Fund's Portfolio
3 companies from Cove Fund's portfolio have been acquired. The most recent acquisition was OspreyData in Nov 2022 by Mesquite Technologies Llc for $*****.Here are Cove Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 07, 2022 | - | - | 2719 | |
Jul 21, 2022 | Aug 14, 2018 | Seed | 2133 | |
Jun 27, 2022 | - | - | 8560 |
Team profile of Cove Fund
Cove Fund has a team of 22 members including 5 Partners, 2 Venture Partners and 1 Principal located in United States. Cove Fund's team sits on the board of 1 company.Here is a list of top team members in Cove Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | - | |
Partner | Orange | - | ||
Partner | Irvine | - | - | |
Partner | Coronado | - | - | |
Partner | Irvine | - | ||
Venture Partner | Orange | - | - | |
Venture Partner | Newport Beach | - | - | |
Principal | Newport Beach | - | - |
Co-investors of Cove Fund
Over the past 10 years, 107 investors have co-invested in Cove Fund's portfolio companies. This includes funds and angels.
- Invested before Cove Fund: EvoNexus, HHS and 27 others have invested in rounds before Cove Fund. There are 6 companies where EvoNexus has invested before Cove Fund and 3 companies where HHS has invested before Cove Fund.
- Top Co-investors of Cove Fund: 58 investors entered a company along with Cove Fund. These include investors like Okapi Venture Capital (3 companies).
- Invested after Cove Fund: A total of 20 investors have invested in Cove Fund's portfolio after their investments. Top Investors include B Capital (1 company), USVP (1 company) and The Vertical Group (1 company).
Recent News related to Cove Fund
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French-based BLNG Secures $3Million in FundingStartup Rise EU•Apr 09, 2025•BLNG, Speedinvest, Cove Fund, eSEED and 1 other
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Occuspace Raises $6M in Series A FundingFinSMEs•Mar 17, 2025•Occuspace, Lewis & Clark Ventures, Shadow Ventures, Okapi Venture Capital and 4 others
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XILO raises $7.2 millionCoverager•Jan 31, 2025•Xilo, Altos Ventures Management, Cove Fund, Navigate Ventures and 2 others
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Wethos Ai Secures $7.5m In Seed Funding To Revolutionize The Future Of WorkRad AI•Aug 28, 2024•Wethos AI, Miramar Digital Ventures, Cove Fund, Capellas Partners and 1 other
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GroGuru Closes $2.3M Financing RoundFinSMEs•Aug 04, 2023•GroGuru, Cove Fund, Impact Venture Capital, Integral Capital Partners and 3 others
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CARI Health Raises $2.3M in Seed Round to Advance Remote Medication MonitoringBusiness Wire•Jan 10, 2023•CARI Health, SDAC, NuFund, Cove Fund and 2 others
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Carlsmed Raises $30M in Series B Funding to Scale Personalized Spine SurgeryBusiness Wire•Apr 19, 2022•CARLSMED, B Capital, USVP, The Vertical Group and 4 others
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Lynx Biosciences Closes Series Seed Equity Round Led by Checkmate Capital GroupGlobeNewswire•Nov 03, 2021•LynxBio, Checkmate Capital, Great Oaks Venture Capital, WARF and 1 other
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GoShare has raised $8 million in seed investments to improve big and bulky deliveriesPRWeb•Oct 25, 2021•GoShare, Mark IV Capital, Cove Fund, LAUNCH and 3 others
