Coverflex
Latest round
- Series A
Last raised
- Feb 2023
Total raised
- $16M
Investors
- 7
About Coverflex
Coverflex, based in Braga, Portugal, provides a flexible compensation platform that enhances employee benefits management.Coverflex operates a digital platform that streamlines employee benefits.Coverflex offers a comprehensive flexible compensation platform designed to streamline the management of employee benefits. Its core offerings include a unified digital solution that encompasses meal allowances, insurance options, childcare services, and various discounts, all accessible through a single card. The platform empowers employees to optimize their compensation by allowing them to choose how and when to utilize their benefits, addressing their evolving financial needs. This service has gained traction with over 11,000 companies and 230,000 employees across various sectors, demonstrating its broad applicability.Coverflex generates revenue through partnerships and B2B transactions with employers, who subscribe to its platform to provide flexible benefits to their employees. The company offers various pricing plans based on the allocated benefits for each employee, allowing organizations to tailor their offerings to meet specific workforce needs. Transactions typically involve employers purchasing a package that includes a mix of benefits such as meal allowances and childcare vouchers, which are then distributed to employees via the platform.
Who invested in Coverflex
7 investors across 2 rounds
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Questions about Coverflex
Who invested in Coverflex?
Coverflex has 7 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Coverflex raised?
Coverflex has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Coverflex last raise money?
Coverflex's most recent round on record is a Series A, in Feb 2023.
What does Coverflex do?
Coverflex, based in Braga, Portugal, provides a flexible compensation platform that enhances employee benefits management.
Where is Coverflex headquartered?
Coverflex is headquartered in Portugal.
Which VCs invest in companies like Coverflex?
Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back financial services companies at Coverflex's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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