Coverflex Overview
- Year Founded
-
2019
- Status
-
Private
- Employees
-
338
- Latest Deal Type
-
Later Stage VC
- Investors
-
24
Coverflex General Information
Description
Developer of a compensation management platform intended to improve the way companies compensate their people. The company provides dedicated customer support with monthly pricing plans for managing meal cards, benefits, perks, and insurance, enabling companies to avail of a fully digital service for acquiring as well as managing both policies and claims.
Contact Information
Website
www.coverflex.comCorporate Office
- EastNorth 101 Avenue
- Barros e Soares, Number 423
- Braga, 4715-214
- Portugal
Corporate Office
- EastNorth 101 Avenue
- Barros e Soares, Number 423
- Braga, 4715-214
- Portugal
Coverflex Timeline
Coverflex Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Later Stage VC | 01-Jan-2026 | Completed | Generating Revenue | |||
| 6. Accelerator/Incubator | 26-Jun-2023 | Completed | Generating Revenue | |||
| 5. Early Stage VC (Series A) | 01-Jan-2023 | Completed | Generating Revenue | |||
| 4. Seed Round | 14-Apr-2021 | Completed | Generating Revenue | |||
| 3. Seed Round | 25-Sep-2019 | Completed | Startup | |||
| 2. Accelerator/Incubator | $2.28M | Completed | Startup | |||
| 1. Angel (individual) | 01-Jan-2019 | $2.28M | $2.28M | Completed | Startup |
Coverflex Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Seed |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Coverflex Comparisons
Industry
Financing
Details
Coverflex Competitors (2)
One of Coverflex’s 2 competitors is Perkbox, a Venture Capital-Backed company based in London, United Kingdom.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Perkbox | Venture Capital-Backed | London, United Kingdom | ||||
| PlanSource | Private Equity-Backed | Orlando, FL |
Coverflex Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Coverflex Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Coverflex Investors (24)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Lince Capital | Venture Capital | Minority | ||
| Redstone VC | Venture Capital | Minority | ||
| Visa Innovation Program | Accelerator/Incubator | |||
| Angel (individual) | Minority | |||
| Angel (individual) | Minority |
Coverflex Acquisitions (2)
Coverflex’s most recent deal was a Merger/Acquisition with EatsReady. The deal was made on 06-Mar-2023.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| EatsReady | 06-Mar-2023 | Merger/Acquisition | Other Restaurants, Hotels and Leisure | ||
| Flexben (Business/Productivity Software) | 09-Aug-2021 | Merger/Acquisition | Business/Productivity Software |
Coverflex Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Flexben (Business/Productivity Software) | Lisbon, Portugal | 2015 |
Coverflex FAQs
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When was Coverflex founded?
Coverflex was founded in 2019.
-
Where is Coverflex headquartered?
Coverflex is headquartered in Braga, Portugal.
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What is the size of Coverflex?
Coverflex has 338 total employees.
-
What industry is Coverflex in?
Coverflex’s primary industry is Business/Productivity Software.
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Is Coverflex a private or public company?
Coverflex is a Private company.
-
What is Coverflex’s current revenue?
The current revenue for Coverflex is .
-
How much funding has Coverflex raised over time?
Coverflex has raised $29.4M.
-
Who are Coverflex’s investors?
Lince Capital, Redstone VC, Visa Innovation Program, , and are 5 of 24 investors who have invested in Coverflex.
-
Who are Coverflex’s competitors?
Perkbox and PlanSource are competitors of Coverflex.
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