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Covington Funds
About
Covington Funds is a venture capital investment firm focused on supporting the growth and success of entrepreneurs in Canada.
- Toronto,Ontario,Canada
- http://www.covingtonfunds.com
Details
- Industries
- Finance,Financial Services,Venture Capital
- Operating Status
- Active
- Investor Type
- MVC
Covington Funds is a venture capital investment firm that focuses on supporting the growth and success of entrepreneurs. It is a labor sponsored investment fund, specializing in investments in start-up, early, mid venture, late venture, expansion, later stage, and close to IPO stages. It also makes fund investments. The fund prefers to invest in traditional industries, technology including business-to-business and e-commerce software, life sciences, bio sciences, biotechnology, entertainment, and retail, including internet retail, health sciences, financial services, and manufacturing sectors.Covington Funds is a Canada-based company.
Funds Raised
| Announced Date | Fund Name | Money Raised | |
|---|---|---|---|
| Jan 18, 2016 | Covington Fund II | $42M |
Investments
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Apr 17, 2013
Fusebill
|
Seed | $2M | Accounting | — |
|
Jun 12, 2012
Embotics
|
Series C | $8.40M | Cloud Computing | Yes |
|
Mar 17, 2012
Fusebill
|
Seed | $1.40M | Accounting | — |
|
Oct 11, 2011
Azelon Pharmaceuticals
|
Series A | $4.50M | Biotechnology | — |
|
Oct 13, 2006
EnerWorks
|
Series Unknown | $3.65M | Energy | — |
Employee Profiles
Exits
Covington Funds has had 4 exits. Covington Funds most notable exits include Fusebill , Embotics
| Date | Company Name | Exit Type | Industry | |
|---|---|---|---|---|
| Mar 18, 2021 | Fusebill | M&A | Accounting | Detail |
| Dec 3, 2019 | Embotics | M&A | Cloud Computing | Detail |
| Jun 17, 2011 | Bridgewater Systems | M&A | Consumer | Detail |
| Oct 5, 2007 | Castek | M&A | Business Development | Detail |
Acquisition
Covington Funds has acquired 1 organizations. Their most recent acquisition was Masstech Group on Sep 18, 2015. They acquired Masstech Group for 0.
|
Date
Company Name
|
Industry | Acquisition Type | Price | |
|---|---|---|---|---|
|
Sep 18, 2015
Masstech Group
|
Digital Media | acquisition | — | Detail |
