Company Overview
Snapshot
Founded in January 2015 by Doron Cohen, Covercy operates with 11–50 employees. The company has raised $11.65M across 5 funding rounds from 14 investors. In March 2024, Covercy secured funding with SilverTech Ventures as a lead investor, alongside.
Business overview
Covercy is a financial technology company that provides a commercial real estate (CRE) investor management and banking platform. Its core technology enables CRE investment firms to efficiently distribute funds, manage financials in real-time, and engage high-net-worth and family office investors through integrated payments and deposits. The company operates as a digital bank for the CRE space, aiming to revolutionize the financial journey for CRE investments within the Fintech & Insurtech sector.
Strategic signal
In October 2023, Covercy was highlighted for combining banking and investment management into an all-in-one solution, a strategic move that positions the company as a comprehensive platform in the commercial real estate finance sector. This development signals a strong focus on streamlining complex financial operations for CRE investors, enhancing efficiency and potentially attracting a broader client base seeking integrated solutions.
Log in to access full profile ›Company Intelligence Q&A
- What is Covercy's primary focus?
- Covercy specializes in commercial real estate (CRE) investor management, offering a banking platform that integrates payments and deposits to streamline financial operations for CRE investments.
- When was Covercy founded?
- Covercy was founded in January 2015.
- Which investors participated in Covercy's March 2024 funding round?
- In March 2024, Covercy received funding with SilverTech Ventures as a lead investor, joined by.
- What was a key strategic development for Covercy in October 2023?
- In October 2023, Covercy combined banking and investment management into an all-in-one solution, enhancing its offering for commercial real estate clients.
- What was a significant recognition for Covercy in May 2018?
- In May 2018, Covercy won the Best Real Estate Investment Platform Award, recognizing its innovation in the sector.