Covercy

Company Overview

Snapshot

Founded in January 2015 by Doron Cohen, Covercy operates with 11–50 employees. The company has raised a total of $11.65M across 5 funding rounds from 14 investors. In March 2024, Covercy received funding led by SilverTech Ventures.

Business overview

Covercy is a financial technology company that provides a comprehensive platform for commercial real estate (CRE) investor management, integrated with a banking core. Its technology enables CRE investment firms to efficiently distribute funds, manage financials in real time, and engage high-net-worth and family office investors. Covercy operates as a digital bank within the CRE sector, aiming to streamline the entire financial process for CRE investments, and is active in the Fintech & Insurtech sector.

Strategic signal

In October 2023, Covercy was featured for its integrated banking and investment management solution, highlighting its strategy to combine these functions for an all-in-one offering. This signals a continued focus on comprehensive financial solutions for commercial real estate, aiming to simplify complex investment processes for its clients.

Company Intelligence Q&A

What is Covercy's primary focus?

Covercy specializes in commercial real estate (CRE) investor management, offering a platform with an integrated banking core to streamline financial operations for CRE investments.

Which investors participated in Covercy's March 2024 funding round?

In March 2024, Covercy secured funding led by SilverTech Ventures, with participation from.

What was a notable recognition for Covercy in 2018?

In May 2018, Covercy won the Best Real Estate Investment Platform Award, recognizing its advancements in the sector.

When did Covercy expand its board to support its US strategy?

In May 2021, Covercy expanded its board as part of its US commercial real estate challenger banking strategy.