Covestor
Latest round
- Series B
Last raised
- Jun 2013
Total raised
- $27M
Investors
- 6
About Covestor
Covestor Ltd, founded in 2006, is based in Boston, US and offers a platform for automated investment management. In April 2015, it was acquired by Interactive Brokers Group, further integrating its services into larger financial ecosystems. The platform guides users through a series of tailored questions to align their portfolio with personal financial goals and risk tolerance while emphasizing responsible investing.75% per year on client investments, without imposing trading commissions. The B2C model allows clients to subscribe to their robo-advisory service for portfolio management, where they can establish and manage investment accounts, investing in various predefined portfolios or creating custom strategies.Following its acquisition by Interactive Brokers Group, Covestor Ltd aims to enhance its product offerings and reach new markets. The company is designing new products that will be launched to further improve user experience and investment management capabilities. Specific plans for geographic expansion are not detailed but may include increasing market presence within the US.
Who invested in Covestor
6 investors across 4 rounds
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Questions about Covestor
Who invested in Covestor?
Covestor has 6 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Covestor raised?
Covestor has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Covestor last raise money?
Covestor's most recent round on record is a Series B, in Jun 2013.
What does Covestor do?
Covestor Ltd, founded in 2006, is based in Boston, US and offers a platform for automated investment management.
Where is Covestor headquartered?
Covestor is headquartered in Boston, US.
Which VCs invest in companies like Covestor?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Covestor's stage. Their profiles are linked below.
VCs backing internet startups at Series B
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