# Cove

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cove-2

- Industry: Packaging
- Headquarters: Los Angeles, US
- Website: www.cove.co/
- Total disclosed funding: $6.6M
- Latest round: Seed (Oct 4, 2023)
- Investors on record: 3

## About

Based in California, US, and founded in 2018 by CEO Alex Totterman, Cove develops and provides sustainable biomaterials and packaging solutions for a wide range of applications. In October 2023, Cove raised USD 6.6 million in series funding led by new investor Valor Equity Partners, with participation from returning investors Litani Ventures and Lupa Systems.

The company offers a range of high-performance materials and packaging solutions, characterized by their sustainability, aesthetic appeal, and functionality. These solutions have applications across various industries, and Cove's product lineup includes biodegradable bottles (COVRX), films (COVB01), bags and pouches (COVF01), containers (COVP01), closures (COVC01), thermoformed cups (COVCC), and bespoke packaging options (COVBX). The company leverages proprietary AI-powered development tools, a scalable manufacturing network, advanced sustainable packaging design, and a state-of-the-art materials characterization lab to deliver high-performance biomaterials that can replace conventional plastics. Biomaterials offer all the advantages of plastics without the environmental drawbacks, such as petroleum dependency and microplastic pollution. Cove's materials are naturally occurring, low in carbon footprint, and free from harmful chemicals during manufacturing.

## Funding rounds

- Seed, Oct 4, 2023, $6.6M — Valor Equity Partners, Litani Ventures, Lupa Systems

## Investors

- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Seed
- Litani Ventures (https://capitalatlas.ai/funds/litani-ventures) — Seed
- Lupa Systems (https://capitalatlas.ai/funds/lupa-systems) — Seed