What is Cove?
Cove operates as a transformative force within the building design and construction industry. Its core product, cove.tool, functions as a comprehensive suite of design tools engineered to dismantle traditional silos within the construction cycle. By fostering a network of shared information and seamless interoperability, the platform enables teams to achieve higher levels of accountability and precision. Cove's market position is defined by its ability to integrate complex building performance data into a user-friendly interface, thereby facilitating more sustainable and cost-effective project outcomes for enterprise-level clients.
How much funding has Cove raised?
Cove has raised a total of $35.7M across 2 funding rounds:
Series A
$5.7M
Series B
$30M
Series A (2020): $5.7M with participation from TechSquare Labs, Urban Us companies, and Knoll Ventures LLC
Series B (2021): $30M led by Urban Us companies, Knoll Ventures, Mucker Capital, Coatue, and FootPrint Coalition
Key Investors in Cove
TechSquare Labs
TechSquare Labs is a prominent seed-stage venture capital firm based in Atlanta, focused on empowering technical founders and engineers to build scalable, innovative technology solutions.
Urban Us companies
Urban Us is a leading early-stage climate tech investor dedicated to upgrading city infrastructure and supporting startups that address climate change through sustainable innovation.
Mucker Capital
Mucker Capital is a venture firm specializing in Seed and Series A investments, providing hands-on operational guidance to founders building sustainable businesses outside of traditional tech hubs.
What's next for Cove?
With the infusion of $30M, Cove is well-positioned to accelerate its product roadmap and expand its footprint in the global AEC software market. The strategic focus will likely center on deepening the platform's interoperability features and enhancing its data analytics capabilities to meet the evolving needs of large-scale infrastructure projects. As the industry shifts toward more rigorous climate-conscious building standards, Cove's emphasis on high-performance design will be a key differentiator. The company is expected to leverage its current capital reserves to scale its sales and engineering teams, ensuring it remains at the forefront of the digital transformation currently reshaping the global construction landscape.
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