Covestor

wealthtech-retailfinancial research

STATUS: Acquired/Merged
FOUNDING YEAR: 2005
LOCATION: United States
Last Update: 17/07/2020

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About

Covestor was acquired by Interactive Brokers Group on April 23, 2015. Covestor matches smart self-directed investors with exceptional Portfolio Managers

Focus

PRODUCTS & SERVICES

Online investment management platform. Helps clients by providing them with specialized active and passive investing solutions at a lower cost and with the benefit of online convenience

People

FOUNDERS

Simon Veingard

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Amadeus Capital Partners

Bay Partners

Betaworks

Spark Capital

Union Square Ventures

KEY EMPLOYEES:

Perry Blacher

Momentum

FUNDED

YES

TOTAL FUNDING

$23.85 M

DATE OF LAST FUNDING

Jun 2013

SEED & PRIOR FUNDING

$1 M

FUNDING SERIES

SERIES A  · $6.5 M  · Apr 2008

SERIES B  · $12.75 M  · Jun 2013

OTHERS  · $3.6 M · Feb 2010

LISTED

NO

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