# All Covered

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/all-covered

- Industry: IT Infrastructure
- Headquarters: Foster City, US
- Website: www.allcovered.com
- Total disclosed funding: $58M
- Latest round: Series E (Mar 31, 2007)
- Investors on record: 3

## About

All Covered, Inc. delivers a wide range of managed IT solutions, focusing on enhancing operational efficiency and security for businesses in various sectors, including healthcare, finance, and education.All Covered was founded in 1997 in Foster City, US, and specializes in managed IT services. In December 2010, the company was acquired by Konica Minolta. The founding team includes Boopathy E, Claire Lamicela, and Renat Azimov, with Charl Bodenstein, Daniel Kim, Enrico Semadeni, and Sanjoy Sanghvi serving as current CEOs. The company has successfully completed five investment deals, with the most recent being a Series E round amounting to USD 1.00 mn, backed by investors such as Ironwood Capital, Red Rock Ventures, and TCV.All Covered provides a comprehensive suite of managed IT solutions designed to meet the diverse needs of businesses across multiple industries including healthcare, finance, education, and legal sectors. Their core offerings encapsulate managed IT services, cybersecurity services, unified communications, cloud solutions, and application development, aimed at enhancing operational efficiency and securing critical data. These services assist organizations in transitioning to modern IT infrastructures while addressing specific challenges such as cybersecurity threats and outdated systems. Clients benefit from expert guidance and 24/7 support, empowering them to optimize existing technology investments such as Microsoft 365. All Covered serves a wide geographical market, catering to clients across the United States, with a focus on small to medium-sized businesses seeking to future-proof their operations against evolving technological demands.Revenue generation for All Covered primarily occurs through a subscription-based model, where clients engage in contracts for ongoing managed IT services and support. Typical transactions involve businesses entering agreements for various services such as cybersecurity protection, cloud solutions, and IT consulting, structured as monthly or annual subscriptions. This model ensures a predictable revenue stream, allowing clients to budget effectively for their IT expenses. Flagship services, such as M365 Managed Services and Strategic Defensive Support for cybersecurity, form the backbone of their offerings, appealing to organizations looking to enhance their technological capabilities without the burden of significant upfront investments. All Covered maintains a client-centric approach, providing customized pricing plans that align with the specific needs and sizes of client organizations, facilitating long-term partnerships.In the future, All Covered plans to enhance its product offerings by developing new cybersecurity solutions and cloud services, with anticipated launches in the upcoming quarters. The company aims to expand its market reach into the Southeast and Southwest regions of the United States by the end of 2023, targeting small to medium-sized businesses. The recent funding from the Series E round will support these initiatives and further bolster their operational capacity.

## Funding rounds

- Series E, Mar 31, 2007, $1M — Red Rock Ventures, TCV, Ironwood Capital
- Series D, Nov 20, 2000, $40M — Red Rock Ventures, TCV, Ironwood Capital
- Series C, Apr 18, 2000, $17M — TCV
- Series B, Jun 1, 1999 — Red Rock Ventures

## Investors

- Red Rock Ventures (https://capitalatlas.ai/funds/red-rock-ventures) — Series B, Series D, Series E
- TCV (https://capitalatlas.ai/funds/tcv) — Series C, Series D, Series E
- Ironwood Capital (https://capitalatlas.ai/funds/ironwood-capital) — Series D, Series E