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Covasoft

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A range of e-business application platforms covering all technical and business elements of e-business infrastructures

Denver, United StatesFounded 1999eCommerce & Marketplaces
Valuation $50–100M Last recorded · 2001
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Covasoft and the history behind them.

About Covasoft

Cova Software specializes in providing advanced point-of-sale (POS) and digital solutions tailored for the cannabis retail industry. With over 20 years of experience in retail technology, Cova serves cannabis dispensaries by streamlining operations and enhancing customer experiences. The company operates in the emerging cannabis market, offering a suite of software features including quick check-in, queue management, and online ordering capabilities. Cova's business model revolves around subscription-based services, where clients pay for access to its robust and reliable software solutions. Revenue is generated through these subscriptions, as well as additional services such as training and support. The company's target clients are cannabis dispensaries looking to improve operational efficiency and customer satisfaction. Cova's solutions are designed to ensure compliance with industry regulations, making it a trusted partner for cannabis retailers. The company prides itself on its high uptime of 99.9%, ensuring minimal disruptions even during peak hours. By focusing on stability, security, and usability, Cova aims to usher cannabis retailers into a new era of simplicity and efficiency.

Source: Dealroom company data

At a glance

Status
Operational
Founded
1999
Headquarters
Denver, United States
Employees
62
Open positions
1
Dealroom signal
41.4/100
Industry
Enterprise Software
Sector
eCommerce & Marketplaces, Retail, Cannabis, Point of Sale
Technology
Hardware
Business model
Marketplace & ecommerce, SaaS
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES B✓Equity / VC Mar 2001 $14M $56M Trellis Partners · Techxas Ventures · Austin Ventures · HLM Property Management —
SERIES A✓Equity / VC Apr 2000 $5.3M $21M Austin Ventures · Trellis Partners · AV Labs —
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

Covasoft website traffic

Latest recorded traffic for Covasoft is 4K monthly website visits, up 21.2% over the last three months. Covasoft's team grew 6.9% over the past year.

Latest monthly visits4K 3-month web change+21.2% 1-year team growth+6.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

10 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • Trellis Partners
  • AV Labs

Series A3 investors entered at this stage

  • Austin Ventures
  • Techxas Ventures
  • HLM Property Management

Other known investors5 additional known investors

  • FedDev Ontario
  • Golden Opportunities Fund
  • Prairies Economic Development Canada
  • Timia Capital
  • Waitr Inc.
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇨🇦 Canada67.4%
🇺🇸 United States32.6%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Covasoft on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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