Covington Funds

investment firm

About

Covington Funds is a venture capital investment firm focused on supporting the growth and success of entrepreneurs in Canada.

Details

Industries
Finance,Financial Services,Venture Capital
Operating Status
Active
Investor Type
MVC

Covington Funds is a venture capital investment firm that focuses on supporting the growth and success of entrepreneurs. It is a labor sponsored investment fund, specializing in investments in start-up, early, mid venture, late venture, expansion, later stage, and close to IPO stages. It also makes fund investments. The fund prefers to invest in traditional industries, technology including business-to-business and e-commerce software, life sciences, bio sciences, biotechnology, entertainment, and retail, including internet retail, health sciences, financial services, and manufacturing sectors.

Covington Funds is a Canada-based company.

Funds Raised

Announced Date Fund Name Money Raised
Jan 18, 2016 Covington Fund II $42M

Investments

Number of Investments
Number of Lead Investments
7
1
Covington Funds has made 7 investments. Their most recent investment was on Apr 17, 2013, when Fusebill raised $2M.
Date Company Name
Round Money Raised Industry Lead Investor
Apr 17, 2013 Fusebill
Seed $2M Accounting
Jun 12, 2012 Embotics
Series C $8.40M Cloud Computing Yes
Mar 17, 2012 Fusebill
Seed $1.40M Accounting
Series A $4.50M Biotechnology
Oct 13, 2006 EnerWorks
Series Unknown $3.65M Energy

Employee Profiles

Number of Employee Profiles
8
Covington Funds has 8 current employee profiles, including Executive Scott Clark
Executive
Executive
Executive
Employee
Employee

Exits

Covington Funds has had 4 exits. Covington Funds most notable exits include Fusebill ,   Embotics

Date Company Name Exit Type Industry
Mar 18, 2021 Fusebill M&A Accounting Detail
Dec 3, 2019 Embotics M&A Cloud Computing Detail
Jun 17, 2011 Bridgewater Systems M&A Consumer Detail
Oct 5, 2007 Castek M&A Business Development Detail

Acquisition

Covington Funds has acquired 1 organizations. Their most recent acquisition was Masstech Group on Sep 18, 2015. They acquired Masstech Group for 0.

Date Company Name
Industry Acquisition Type Price
Sep 18, 2015 Masstech Group
Digital Media acquisition Detail