Covecta
Latest round
- Seed
Last raised
- Aug 2025
Total raised
- $6.5M
Investors
- 1
About Covecta
Founded in 2024 and based in London, UK, Covecta Ltd is focused on delivering AI-driven solutions for financial services. Scott Wilson (CEO), Ben Thomas (CRO), and Abdul Hummaida (CTO) are the co-founders of the company. Covecta's core offering is the configurable AI platform designed specifically for financial institutions. This platform enables organizations to automate and streamline mission-critical activities through customizable AI workflows, reducing the time spent on manual tasks. Key functionalities include automated assessments of companies, funds, and industries; policy reconciliation; covenant testing; and the generation of memos and proposals. The platform targets front-line teams in financial institutions, allowing them to enhance customer engagement by freeing up time for higher-value interactions. Covecta serves a diverse client base that includes banks, investment firms, and other financial service providers, primarily within the European and North American markets. Covecta operates on a subscription-based revenue model, offering its platform to financial institutions through various pricing plans tailored to the needs of its clients. Clients typically engage in annual contracts that provide access to the full suite of services, including customizable AI workflows and automated solutions.
Who invested in Covecta
1 investor across 1 round
See all investors in Covecta
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Seed
Aug 21, 2025
Amount
$6.5M
Investors
Questions about Covecta
Who invested in Covecta?
Covecta has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Covecta raised?
Covecta has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Covecta last raise money?
Covecta's most recent round on record is a Seed, in Aug 2025.
What does Covecta do?
Founded in 2024 and based in London, UK, Covecta Ltd is focused on delivering AI-driven solutions for financial services.
Where is Covecta headquartered?
Covecta is headquartered in London, UK.
Which VCs invest in companies like Covecta?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Covecta's stage. Their profiles are linked below.
VCs backing software startups at Seed
Raising like Covecta? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.