Cove Fund

Cove Fund is a venture capital firm based in Irvine, California, focused on seed-stage investments in technology and life science companies within Southern California. Established in 2014, it operates from "The Cove" at UC Irvine Applied Innovation, a hub for entrepreneurs and investors. The firm launched its first fund in 2015, which raised $5.6 million and has since invested in 16 companies. Cove Fund II commenced in early 2018 with $13.5 million in capital. The funds target promising startups that offer innovative products and services capable of addressing large markets, aiming to facilitate significant growth and value creation through initial funding.

Mike Benvenuti

Fund Manager

Steve Petilli

Venture Partner

Jeffrey Charles Ruffalo

Venture Partner

Paul Voois

Fund Manager

J.C. Ruffalo

Venture Partner

33 past transactions

Veckta

Seed Round in 2022
Veckta is an energy transition market platform that focuses on the development of distributed energy systems (DES) and microgrid projects. It combines advanced energy system engineering tools with a comprehensive marketplace, enabling businesses and communities to assess their current energy needs and customize solutions tailored to their specific requirements related to cost, reliability, and emissions. The platform facilitates seamless engagement with vetted capital, construction, and equipment suppliers, allowing clients to design, finance, and build their energy systems effectively. By providing transparent and competitive pricing along with global support, Veckta empowers users to make informed decisions, fostering sustainable and profitable energy solutions for various stakeholders.

Carlsmed

Series B in 2022
Carlsmed, founded in 2018 and based in San Diego, California, develops a platform that integrates clinical intelligence, advanced image recognition, and 3D printing technologies specifically for spine surgery. The company's proprietary Aprevo platform utilizes artificial intelligence and predictive analytics to personalize treatment plans for complex spinal deformities, drawing on prior outcomes data to enhance surgical precision. By providing surgeons with tailored surgical plans and devices, Carlsmed aims to improve patient outcomes while reducing healthcare costs associated with complex spine surgeries. The company is dedicated to transforming healthcare and enabling adults to regain active lifestyles through innovative solutions in spinal care.

Daasity

Series A in 2022
We are a Data as a Service company specializing in helping e-commerce companies become data-driven by addressing their data integration, data management, data visualization and data analytics needs

Lynx Biosciences

Seed Round in 2021
Lynx Biosciences, Inc. is a biotechnology company based in La Jolla, California, established in 2013. It specializes in developing a cytomics-based platform technology aimed at improving treatment options for blood cancer patients, particularly those with multiple myeloma. The company's flagship product, MicroC3, utilizes patient biopsy samples to create personalized cancer models, allowing healthcare providers to assess individual responses to various drugs. This approach seeks to shift away from the traditional trial-and-error methods of treatment, offering more precise patient management and potentially reducing the high costs associated with multiple therapies. Lynx Biosciences integrates advanced techniques such as automated microfluidics and deep learning analytics to enhance the speed and efficacy of drug candidate evaluations, ultimately striving to provide tailored therapeutic solutions for patients facing challenging cancer diagnoses.

GoShare

Seed Round in 2021
GoShare, Inc. operates an online platform that connects individuals and businesses needing assistance with moving, hauling, and delivering large items with truck and cargo van owners. Founded in 2014 and based in San Diego, California, GoShare provides a range of services including small apartment moves, furniture delivery, junk removal, and appliance recycling. The platform serves over 60,000 customers across 32 major metropolitan areas in the United States, catering to both small businesses and consumers. By leveraging technology, GoShare facilitates a seamless delivery experience, empowering entrepreneurs to manage their delivery services and contributing to local economies. The company is a licensed transportation broker and aims to enhance the accessibility of trucks and vans for various delivery needs.

Daasity

Seed Round in 2021
We are a Data as a Service company specializing in helping e-commerce companies become data-driven by addressing their data integration, data management, data visualization and data analytics needs

Bloom

Seed Round in 2021
Bloom is a platform that specializes in offering original brand outlets from a curated selection of international brands. It provides customers with the unique opportunity to try on clothing ordered online in the comfort of their homes before payment, facilitating a hassle-free shopping experience. Additionally, Bloom simplifies the return process, allowing customers to easily return items they do not wish to keep with just a click. This innovative approach aims to enhance customer satisfaction and convenience in online shopping.

Carlsmed

Series A in 2020
Carlsmed, founded in 2018 and based in San Diego, California, develops a platform that integrates clinical intelligence, advanced image recognition, and 3D printing technologies specifically for spine surgery. The company's proprietary Aprevo platform utilizes artificial intelligence and predictive analytics to personalize treatment plans for complex spinal deformities, drawing on prior outcomes data to enhance surgical precision. By providing surgeons with tailored surgical plans and devices, Carlsmed aims to improve patient outcomes while reducing healthcare costs associated with complex spine surgeries. The company is dedicated to transforming healthcare and enabling adults to regain active lifestyles through innovative solutions in spinal care.

Trubify

Seed Round in 2020
Trubify is a livestreaming music app that allows artists to monetize their live and recorded performances. The platform is a mobile-based application (web coming end of Q1:21) that connects artists and music superfans so everyone can experience music together. Trubify provides discrete modular revenue features with the higher payouts to artists than other platforms, enabling musicians and producers to earn their living doing what they love – MAKING MUSIC!

GoSite

Series B in 2020
GoSite, Inc. is a digital platform designed to assist small businesses in the U.S. with their online presence. Founded in 2013 and headquartered in San Diego, California, GoSite offers an all-in-one, cloud-based solution that enables businesses to create websites and web platforms using an intuitive drag-and-drop builder. Its features include mobile readiness, built-in SEO, premium hosting, and analytics for website visitors. The platform facilitates business listing on search engines and promotes customer engagement through social media and email marketing. GoSite caters to a diverse clientele, including single users, large operators, agencies, franchises, and partnerships, effectively bridging the gap between offline and online business operations for approximately 12 million local service providers across the country.

Ubiq Security

Seed Round in 2020
Ubiq Security, Inc. is a technology company based in San Diego, California, that specializes in digital data encryption. Founded in 2012, Ubiq has developed a platform that simplifies the complexities of encryption through a set of user-friendly APIs. These APIs enable developers to easily integrate encryption into their applications, making it scalable and adaptable across various programming languages, cloud environments, and storage types. By focusing on data-centric security services, Ubiq supports the integration of information technology, operational technology, and cloud technologies, empowering innovators to create secure products and enhance user experiences.

Dermala

Series A in 2020
Dermala is a biotech company specializing in the development of treatments for chronic skin diseases by leveraging human microbiome science, data analytics, and behavioral science. The company focuses on skin conditions such as acne, eczema, and skin aging by providing personalized topical and oral treatments. Its flagship product, the FOBO Kit, includes prebiotics and microbiome metabolites designed to eliminate acne-causing bacteria while fostering beneficial skin bacteria. Dermala also offers pre-medicated pads that target harmful bacteria and promote a healthier skin microbiome. To enhance treatment outcomes, the company has developed an application that utilizes data analytics, machine learning, and artificial intelligence for tracking and optimizing treatment efficacy. Established in 2014 and headquartered in San Diego, California, Dermala sells its products directly through its website.

OnSite Waste Technologies

Series A in 2020
OnSite Waste Technologies' mission is to reduce the cost, risk, and environmental impact of medical waste processing and disposal. The medical devices company is the developer of TE-5000, a desktop-sized processing unit that converts regulated medical waste into sterile garbage that can be placed in a practice’s regular trash. This presents a cleaner and cheaper option to small quantity waste generators and enables them to be more environmentally sustainable by eliminating the need for third-party medical waste haulers. It also offers Regulated Medical Waste Compliance Training that train staffs for a safe and compliant work-place environment. Jon Bricken established OnSite Waste Technologies in Newport Beach, California in 2013.

TrackStreet

Seed Round in 2020
TrackStreet, Inc. is a company specializing in price monitoring software designed to assist brands in managing their online sales and enhancing multi-channel revenue. Founded in 2015 and based in Las Vegas, Nevada, TrackStreet offers a Software-as-a-Service platform that aims to reduce violations of brand and pricing policies while providing valuable market data. Its comprehensive solutions include market visibility, compliance with minimum advertised price (MAP) and resale policies, brand protection services, management portals for dealers and distributors, review tracking, Amazon analytics, e-tailer badging, and referral tracking. By leveraging industry expertise and advanced technology, TrackStreet delivers actionable insights that help brands strengthen customer relationships, drive sales, and improve overall business performance.

Carlsmed

Seed Round in 2020
Carlsmed, founded in 2018 and based in San Diego, California, develops a platform that integrates clinical intelligence, advanced image recognition, and 3D printing technologies specifically for spine surgery. The company's proprietary Aprevo platform utilizes artificial intelligence and predictive analytics to personalize treatment plans for complex spinal deformities, drawing on prior outcomes data to enhance surgical precision. By providing surgeons with tailored surgical plans and devices, Carlsmed aims to improve patient outcomes while reducing healthcare costs associated with complex spine surgeries. The company is dedicated to transforming healthcare and enabling adults to regain active lifestyles through innovative solutions in spinal care.

Bloom

Seed Round in 2020
Bloom is a platform that specializes in offering original brand outlets from a curated selection of international brands. It provides customers with the unique opportunity to try on clothing ordered online in the comfort of their homes before payment, facilitating a hassle-free shopping experience. Additionally, Bloom simplifies the return process, allowing customers to easily return items they do not wish to keep with just a click. This innovative approach aims to enhance customer satisfaction and convenience in online shopping.

ECFX

Debt Financing in 2019
ECFX, Inc. is a software development company focused on the legal industry, headquartered in Venice, California. Established in 2019, ECFX aims to address automation challenges faced by legal professionals. Its flagship product, ECFX Notice, is an enterprise notice management system designed to improve the electronic court notice workflow through intelligent automation. This system automates repetitive tasks, such as processing electronic court notices, and enables firms to implement their specific document profiling policies. Through these innovations, ECFX seeks to enhance efficiency and reduce manual workload for legal practitioners.

Daasity

Seed Round in 2019
We are a Data as a Service company specializing in helping e-commerce companies become data-driven by addressing their data integration, data management, data visualization and data analytics needs

Daasity

Seed Round in 2019
We are a Data as a Service company specializing in helping e-commerce companies become data-driven by addressing their data integration, data management, data visualization and data analytics needs

OnSite Waste Technologies

Seed Round in 2019
OnSite Waste Technologies' mission is to reduce the cost, risk, and environmental impact of medical waste processing and disposal. The medical devices company is the developer of TE-5000, a desktop-sized processing unit that converts regulated medical waste into sterile garbage that can be placed in a practice’s regular trash. This presents a cleaner and cheaper option to small quantity waste generators and enables them to be more environmentally sustainable by eliminating the need for third-party medical waste haulers. It also offers Regulated Medical Waste Compliance Training that train staffs for a safe and compliant work-place environment. Jon Bricken established OnSite Waste Technologies in Newport Beach, California in 2013.

FreightPOP

Seed Round in 2019
FreightPOP, Inc. develops a comprehensive transportation management system (TMS) software tailored for the logistics industry. Established in 2015 and headquartered in Lake Forest, California, the company offers a cloud-based solution that integrates with various systems such as ERP, WMS, and CRM. FreightPOP's software includes features for planning and optimization, execution, and performance management, allowing users to manage multiple shipping methods, including LTL, FTL, parcel, intermodal, air, and ocean freight through a single login. Key functionalities encompass freight rate shopping, centralized tracking, label printing, freight invoice auditing, and customizable reporting for data-driven decision-making. This combination of features aims to streamline logistics operations and enhance visibility across the supply chain.

GoSite

Seed Round in 2018
GoSite, Inc. is a digital platform designed to assist small businesses in the U.S. with their online presence. Founded in 2013 and headquartered in San Diego, California, GoSite offers an all-in-one, cloud-based solution that enables businesses to create websites and web platforms using an intuitive drag-and-drop builder. Its features include mobile readiness, built-in SEO, premium hosting, and analytics for website visitors. The platform facilitates business listing on search engines and promotes customer engagement through social media and email marketing. GoSite caters to a diverse clientele, including single users, large operators, agencies, franchises, and partnerships, effectively bridging the gap between offline and online business operations for approximately 12 million local service providers across the country.

Capillary Biomedical

Seed Round in 2018
Capillary Biomedical is a medical device startup developing technologies for diabetes management. They aim to dramatically simplify glucose monitoring and insulin delivery, reducing the burden on both patients and the overall healthcare system. The company is based in Irvine, CA and is a spin-out of the Artificial Pancreas Center at the Sidney Kimmel Medical College of Thomas Jefferson University in Philadelphia, PA.

Beatshare

Seed Round in 2017
Beatshare, Inc. is a company that focuses on creating a digital platform for sharing music. Founded in 2014, it has its headquarters in California. The company specializes in developing technology for mobile multimedia messaging, which enhances the way users can share and experience music digitally.

OspreyData

Venture Round in 2017
OspreyData harnesses the mass of sensor data generated by mechanical assets to predict and prevent failures, reduce downtime, and enhance operating efficiency. The company also analyses sensor data in real time using machine learning to improve the insights and predictions it generates; and provides a physical systems intelligence platform that focuses on storing and manipulating time series data, and modeling complex relationships between high-resolution signals. OspreyData is based in San Juan Capistrano, California.

Carro

Seed Round in 2017
Carro shows all of the influencers and press who are the clients, email subscribers, and followers of your company.

ThinkIQ

Seed Round in 2017
ThinkIQ Inc. operates a cloud-based platform that simplifies the creation of web-based applications and utilizes Internet of Things, big data, data science, semantic modeling, and machine learning. Its platform offers time-series data, supports sharing of data between enterprises, creates context to make the data useful, and makes the deployment of analytics. The company was founded in 2015 and is based in Aliso Viejo, California.

CloudSpot

Seed Round in 2016
Cloud Spot Inc. specializes in off-site storage solutions tailored for professional photographers. Founded in 2014 and based in Irvine, California, the company provides an online platform that allows photographers to upload, store, and share various file formats, including JPEG, TIFF, PDF, PSD, GIF, Ai, and PNG. By addressing the challenges faced by photographers in managing their workflow, Cloud Spot aims to streamline the processes of storage, marketing, and profitability within the photography industry, which represents a substantial global market valued at $25 billion.

Kast

Seed Round in 2016
Kast, operating under Evasyst, Inc., is a software development company focused on enhancing the gaming experience through innovative applications. Founded in 2015 and based in Irvine, California, Kast specializes in providing tools that facilitate real-time visibility, communication, and management among gamers. Its flagship product, the Evasyst Command Center, offers audio, visual, and social solutions that empower gamers to collaborate effectively and devise strategies during competitive play. By enhancing situational awareness, Kast aims to provide users with a strategic advantage, similar to the benefits drones offer on the battlefield.

Modulim

Seed Round in 2016
Modulim develops and manufactures non-invasive optical imaging solutions aimed at assessing tissue health. The company's flagship product, Clarifi, is a non-contact device that measures critical hemoglobin biomarkers in tissue, including tissue oxygen saturation and the concentration and distribution of hemoglobin in both the superficial and sub-surface dermis. Utilizing an advanced technique known as spatial frequency domain imaging (SFDI), Modulim's technology is particularly effective in applications related to diabetic foot ulcers, pressure ulcers, reconstructive surgical flaps, and burns. Founded in 2005 and based in Irvine, California, Modulim is recognized for its innovative approach to identifying patients at risk of complications, enabling clinicians to provide timely interventions that can significantly improve patient outcomes.

icClarity

Seed Round in 2016
icClarity, Inc. is a technology company founded in May 2014 and located in Irvine, California, specializing in 3-dimensional image capture solutions. The company has developed a patented system that employs a single imager, an illumination source, and an efficient firmware stack. This innovative approach enables the processing of raw sensor data to produce accurate 3D coordinates, which can be accessed through a user-friendly API. icClarity's technology addresses the growing demand for high-resolution 3D image capture without the computational burden associated with traditional multi-sensor systems. Its solutions cater to various applications, including entertainment, automotive, wearables, security and surveillance, smartphones, and medical systems. Currently, the company is in the final stages of producing its first mass-production device, with expectations to begin shipping soon.

Gengirl Media

Seed Round in 2016
Gengirl Media, Inc. is a toy and media company that focuses on creating educational and inspirational brands for girls aged 6 to 10. The company produces television shows, toys, including fashion dolls, decision-making books, and digital edutainment content, all designed to make business and technology engaging and accessible. Founded in 2013 and headquartered in Long Beach, California, Gengirl Media aims to empower young girls by fostering entrepreneurship skills through creative play and storytelling. Its flagship property, Middle School Moguls, initially launched as a doll and book line in 2016, is currently in development with Nickelodeon, highlighting the company's commitment to inspiring the next generation of female leaders.
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