# Covalent Data

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/covalent-data

- Industry: Information Services
- Headquarters: Denver, US
- Website: www.covalentdata.com
- Total disclosed funding: $3.7M
- Latest round: Series A (Apr 14, 2016)
- Investors on record: 1

## About

Covalent Data, Inc. is a technology firm specializing in innovation tracking and management. Its platform aids organizations in discovering and leveraging technological advancements efficiently.Founded in 2011 and headquartered in Denver, US, Covalent Data, Inc. focuses on offering solutions for technological innovation tracking. In April 2016, the company raised USD 1.2 mn in Series A financing led by High Country Venture. CEO Ganesh Swami leads the firm, which has successfully completed three deals since its inception, with the most recent deal occurring in April 2016.Covalent Data, Inc. provides a sophisticated innovation search platform that allows users access to over 400 million innovation records, including patents from over 90 countries. The platform also features over 145 million scientific publications, 4 million research grants, and 33,000 licensable technologies, serving corporate R&D departments, universities, and venture capital firms globally.Covalent Data, Inc. operates on a subscription-based revenue model, offering tiered access to its innovation records database. Clients typically sign annual agreements, allowing flexibility to scale subscription levels according to their research and development needs. This structure, along with potential partnerships with educational institutions, ensures a steady revenue stream for the company.Covalent Data, Inc. is focused on developing new features for its platform while exploring expansion into the European and Asian markets by 2025. The recent Series A funding of USD 1.2 mn will support these initiatives, enhancing product offerings to meet the evolving demands of clients. Additionally, the funding will assist in marketing efforts aimed at increasing the company's presence in these targeted regions.

## Funding rounds

- Series A, Apr 14, 2016, $1.2M — High Country Venture
- Series A, Nov 20, 2013, $2.5M — High Country Venture

## Investors

- High Country Venture (https://capitalatlas.ai/funds/high-country-venture) — Series A