
Covera Ventures
6836 Bee Caves Road Suite 275, Austin, Texas, 78746, United States
Overview
Covera Ventures is a venture capital firm focused on investing in early-stage technology companies with a primary focus on infrastructure, wireless and mobility, software, and technology-enabled service companies. Our team of experienced investment professionals is committed to working with entrepreneurs to build great companies that address unmet needs in the marketplace. In addition to providing capital, we leverage our broad industry knowledge, relationships and investment experience to complement the strengths of the entrepreneur. Covera Ventures' typical investments range between $1 million to $5 million, with additional capital available to support future expansion. The principals of Covera Ventures have a significant history and track record in building entrepreneurial companies. Effective August 14, 2009, the Hunt Ventures team of investment professionals spun out from Hunt Consolidated, Inc. and is now operating as Covera Ventures.
- Total investments
- 5
- Lead investments
- 2
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Biotechnology
- Security
- Venture Capital
Investment portfolio
- Photobucket
Participated · Equity · Mar 2015
Photobucket is a Denver-based photo- and video-sharing service that operates on web and mobile. The company claims a 100 million registered-user base and hosts over 17 billion photos and videos, though active-user and revenue details were not disclosed. Photobucket generates revenue from print, advertising, and subscription services and launched a Print Shop in September 2014 for personalized prints and photo products. The Print Shop saw roughly 10x revenue growth year-over-year from 2013, with about 10% of print orders coming from mobile and expectations that mobile will grow. The new capital will be used to expand the Print Shop’s product lineup, double down on mobile investments, and pursue acquisitions to broaden private group sharing and mobile printing. The company currently has a team of about 60 and plans to grow headcount with the new funding. Photobucket is a long-established photo- and video-sharing service that serves consumer and social-photo needs. The company reports more than 100 million users and serves about 3.5 billion images per day. Photobucket has pursued partnerships and product updates recently, including a social-focused redesign and a deal to power photos on Twitter. The company was founded in mid-2003 and previously raised roughly $14.5 million in venture capital. Photobucket has changed ownership twice, selling to MySpace in 2007 and to Ontela in 2009, and continues to seek growth capital to expand product offerings and partnership strategy. PhotoBucket provides consumer visual media hosting and publishing, allowing members to upload photos, videos and graphic art and link them to sites like eBay, MySpace, Blogger and Neopets. The company has capitalized on limitations of third-party sites by making uploads and embedding simple, and it launched video services in April 2006. PhotoBucket serves over 50 billion image and video requests per month and drives roughly 2% of total U.S. Internet traffic. It reports more than 15 million members, 10 million unique monthly visitors, and about 65,000 new members signing up daily. Since the video launch members have uploaded nearly 1 million video clips at a rate of over 30,000 new videos per day, nearly matching YouTube's reported pace. PhotoBucket offers a free tier and a $25/year premium version with more storage and bandwidth, and the company is cash-flow positive and profitable.
- Innography
Led · Equity · Jan 2014
Innography provides an IP business intelligence software suite that combines correlation and visualization technologies to help organizations manage and exploit patent portfolios. Its product lineup includes PatentScout™, an advanced patent search tool launched in its Fall 2013 release. The company says market attention to patent analytics is at an all‑time high and reported growth in 2013 versus 2012. The new financing is being used to accelerate product innovation, add data sources, expand client success services, pursue global expansion, and build industry partnerships. Innography positions itself as a leading provider in the Intellectual Property Business Intelligence space and highlights recent recognition such as CODIE Award finalist placements. The company is leveraging capital and financing to drive further expansion under its current leadership.
- Alert Logic
Participated · Equity · Jun 2012
Alert Logic is a Security-as-a-Service provider that combines cloud-native software and analytics with expert services to assess, detect and block threats to applications and other enterprise workloads. Its product suite includes intrusion detection, vulnerability assessment, web application security and log management, paired with 24×7 security monitoring, threat intelligence, security research and content production. The company also applies machine learning and other security analytics to monitor, analyze and protect enterprise application environments. Led by CEO Gray Hall, Alert Logic is headquartered in Houston and operates seven global offices. In June 2017 the company received a $70M syndicated credit facility; the proceeds will be used for working capital and various internal growth initiatives. The financing was provided by Square 1 Bank, a division of Pacific Western Bank. Alert Logic delivers Security-as-a-Service for cloud environments by integrating advanced security tools with a fully outsourced, managed SaaS delivery model and a 24×7 Security Operations Center. Its solutions secure the application and infrastructure stack and can be deployed wherever customers have IT infrastructure, including public and private clouds. The company partners with over half of the largest cloud and hosting service providers and serves more than 1,700 enterprises. Alert Logic reported nearly $30 million in annual recurring revenue and said it tripled in size in less than three years. Following the financing, the company plans to accelerate growth of its new Web Security Manager product line and expand adoption of its elastic cloud security solutions through its hosting and cloud provider channel. Alert Logic is based in Houston and was founded in 2002. Alert Logic delivers an integrated on-demand security solution combining Software-as-a-Service products with 24×7 Security Operations Monitoring for intrusion detection, vulnerability assessment, and log management. Its managed services provide 24×7 monitoring, alerting, and expert guidance from a Security Operations Center staffed with certified security analysts. The company serves over 1,200 enterprise customers. Led by president and CEO Gray Hall, Alert Logic was founded in 2002 and is based in Houston, Texas. It plans to use the new funding to broaden its product and service portfolio and invest across sales and marketing, engineering and product development, business development, and strategic alliances. The company closed a $12.6M Series E to support those plans.
- SensorLogic
Participated · Equity · Dec 2010
SensorLogic provides a cloud-based Service Delivery Platform that delivers M2M-as-a-Service for solution providers, wireless network operators, system integrators, OEMs and enterprise IT organizations. The platform is designed to connect mobile devices, assets and resources to people and business systems. The company is led by President and CEO Michael Campbell and recently named Brian Alton as CFO. SensorLogic operates from Boston, MA and also maintains an office in Plano, TX. The company plans to use newly raised funds to expand sales and marketing and to grow its delivery and operations teams. No operating metrics or revenue figures were disclosed in the article.
Team
No current team members are available.