Kovalee

InternetSeries AFontenay-aux-Roses, Francekovalee.app

Latest round

Series A

Last raised

Nov 2022

Total raised

$9.6M

Investors

3

About Kovalee

Founded in 2020 in Fontenay-aux-Roses, France, Kovalee is focused on supporting app creators in various domains. The company has not undergone any significant pivots or changes in business strategy since its inception. Kovalee was co-founded by Damien Soulard and Vincent De Keating, who also serves as the CEO.Kovalee operates as a comprehensive platform that empowers app creators by providing a suite of services designed to optimize app performance and increase market reach. The company's core offerings include User Acquisition (UA), App Store Optimization (ASO), monetization strategies, and UX/UI design recommendations, all facilitated through their proprietary technology and tools. Key products like Karbon, an A/B testing tool, allow app creators to refine their monetization strategies based on advanced in-app data analysis. Kovalee targets app creators globally, aiming to enhance the visibility and ranking of their apps through strategic marketing and data-driven insights.Kovalee's revenue model is based on a unique profit-sharing structure wherein the company invests in all aspects of User Acquisition, App Store Optimization, and creative production, subsequently receiving a share of the profits generated by the apps it supports. This model allows app creators to minimize upfront costs while leveraging Kovalee’s resources to maximize their app’s potential. Typically, partnerships with app developers involve agreements that align Kovalee’s incentives with those of its clients, fostering a collaborative approach to app success. The company plans to enhance its product offerings and launch new services aimed at optimizing app performance. Kovalee is also targeting expansion into new geographic regions, specifically in North America and Asia, with plans to establish a stronger presence by the end of 2024.

Who invested in Kovalee

3 investors across 3 rounds

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Funding rounds

  1. Series A

    Nov 16, 2022

    Amount

    $8.3M

    Investors

    Locked

  2. Seed

    Mar 18, 2021

    Amount

    $1.3M

    Investors

    Locked

  3. Seed

    Jan 1, 2021

    Amount

    Undisclosed

    Investors

    Locked

Questions about Kovalee

Who invested in Kovalee?

Kovalee has 3 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Kovalee raised?

Kovalee has raised 3 venture rounds. Sign up free to see how much each round raised and the total.

When did Kovalee last raise money?

Kovalee's most recent round on record is a Series A, in Nov 2022.

What does Kovalee do?

Founded in 2020 in Fontenay-aux-Roses, France, Kovalee is focused on supporting app creators in various domains.

Where is Kovalee headquartered?

Kovalee is headquartered in Fontenay-aux-Roses, France.

Which VCs invest in companies like Kovalee?

Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back internet companies at Kovalee's stage. Their profiles are linked below.

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