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 headquartered in San Diego, California, specializes in developing advanced solutions for the treatment of complex spinal deformities. The company utilizes artificial intelligence, predictive analytics, and advanced imaging technologies through its proprietary Aprevo platform. This platform enables surgeons to create personalized surgical plans and devices tailored to each patient's specific medical needs. By harnessing clinical intelligence and prior outcomes data, Carlsmed aims to improve surgical results while reducing healthcare costs associated with complex spine surgeries. The company's innovative approach is designed to enhance the ability of spine surgeons to achieve better outcomes, ultimately helping patients regain their active lifestyles.

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 versatile platform that specializes in selling original brand outlets from curated lists of international brands. It allows customers to experience the convenience of trying on clothes ordered online in their homes before making a payment, with a straightforward return process for items that do not meet their preferences. Additionally, Bloom offers a range of baby products, including gear, toddler furniture, and eco-friendly options. The platform aims to enhance the shopping experience by combining quality products with user-friendly services, catering to the needs of families and individuals looking for both style and functionality.

Carlsmed

Series A in 2020
Carlsmed, founded in 2018 and headquartered in San Diego, California, specializes in developing advanced solutions for the treatment of complex spinal deformities. The company utilizes artificial intelligence, predictive analytics, and advanced imaging technologies through its proprietary Aprevo platform. This platform enables surgeons to create personalized surgical plans and devices tailored to each patient's specific medical needs. By harnessing clinical intelligence and prior outcomes data, Carlsmed aims to improve surgical results while reducing healthcare costs associated with complex spine surgeries. The company's innovative approach is designed to enhance the ability of spine surgeons to achieve better outcomes, ultimately helping patients regain their active lifestyles.

Trubify

Seed Round in 2020
Trubify is a mobile-based livestreaming music app that enables artists to monetize both their live and recorded performances. The platform connects musicians with music enthusiasts, creating an interactive experience for users. Trubify offers unique revenue features that provide higher payouts to artists compared to other streaming platforms, allowing musicians and producers to sustain their livelihoods through their craft. By focusing on the needs of both artists and fans, Trubify fosters a community where music can be enjoyed and shared in real-time.

GoSite

Series B in 2020
GoSite, Inc. is a digital platform designed to support small businesses, particularly those providing local services in the U.S. Established in 2013 and headquartered in San Diego, California, the company offers an all-in-one, cloud-based solution that facilitates the transition from offline to online business operations. Its platform includes tools for website creation, marketing, business management, and financial management, enabling users to build mobile-ready websites with features such as built-in SEO and statistics tracking. GoSite also provides services like domain registration, professional web design, and online promotion through social media and email. By offering a comprehensive suite of tools, GoSite helps small business owners connect with customers more effectively and manage their operations efficiently.

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 user-friendly application programming interfaces (APIs). This allows developers to seamlessly integrate encryption into their applications across various programming languages, cloud environments, and storage types. The company's API-based encryption and key management solutions empower organizations to enhance their data security, reduce the risk of data theft, and ensure compliance with security standards. By providing scalable and extensible encryption tools, Ubiq enables innovators to build secure products and experiences efficiently.

Dermala

Series A in 2020
Dermala Inc. is a biotech company based in San Diego, California, that specializes in developing treatments for chronic skin diseases through the human microbiome. The company offers an innovative range of personalized topical and oral products aimed at addressing conditions such as acne, eczema, and skin aging. Its flagship FOBO Kit contains prebiotics and microbiome metabolites that target acne-causing bacteria while fostering beneficial skin flora. Dermala's products are designed to decrease skin oiliness, unclog pores, and reduce inflammation, effectively combating both antibiotic-resistant strains of bacteria and promoting overall skin health. Additionally, Dermala has developed an application that utilizes data analytics, machine learning, and artificial intelligence to track treatment outcomes and optimize therapies. The company markets its products directly to consumers through its website and was incorporated in 2014.

OnSite Waste Technologies

Series A in 2020
OnSite Waste Technologies, Inc. is a California-based company that specializes in medical waste disposal services for small quantity generators. Founded in 2013, the company has developed the TE-5000, a compact processing unit that transforms regulated medical waste into sterile garbage suitable for regular trash disposal. This innovative solution offers healthcare providers a more cost-effective and environmentally friendly alternative to traditional medical waste management, eliminating the need for third-party waste haulers. In addition to its waste processing technology, OnSite Waste Technologies also provides Regulated Medical Waste Compliance Training to ensure that staff are equipped to maintain a safe and compliant workplace.

TrackStreet

Seed Round in 2020
TrackStreet, Inc. is a software company that specializes in price monitoring and brand protection solutions for online retailers. Founded in 2015 and based in Las Vegas, Nevada, TrackStreet offers a Software-as-a-Service platform designed to help brands safeguard their pricing policies and enhance their multi-channel revenue. The platform utilizes advanced technologies, including artificial intelligence and automation, to identify and address violations of branding guidelines across the internet. Its comprehensive suite of services includes market visibility, compliance monitoring, brand protection, and analytics for e-commerce platforms, thereby providing clients with actionable insights to strengthen customer relationships and drive sales. TrackStreet positions itself as a strategic partner to brands, enabling them to maintain control over their online presence and optimize their business performance.

Carlsmed

Seed Round in 2020
Carlsmed, founded in 2018 and headquartered in San Diego, California, specializes in developing advanced solutions for the treatment of complex spinal deformities. The company utilizes artificial intelligence, predictive analytics, and advanced imaging technologies through its proprietary Aprevo platform. This platform enables surgeons to create personalized surgical plans and devices tailored to each patient's specific medical needs. By harnessing clinical intelligence and prior outcomes data, Carlsmed aims to improve surgical results while reducing healthcare costs associated with complex spine surgeries. The company's innovative approach is designed to enhance the ability of spine surgeons to achieve better outcomes, ultimately helping patients regain their active lifestyles.

Bloom

Seed Round in 2020
Bloom is a versatile platform that specializes in selling original brand outlets from curated lists of international brands. It allows customers to experience the convenience of trying on clothes ordered online in their homes before making a payment, with a straightforward return process for items that do not meet their preferences. Additionally, Bloom offers a range of baby products, including gear, toddler furniture, and eco-friendly options. The platform aims to enhance the shopping experience by combining quality products with user-friendly services, catering to the needs of families and individuals looking for both style and functionality.

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, Inc. is a California-based company that specializes in medical waste disposal services for small quantity generators. Founded in 2013, the company has developed the TE-5000, a compact processing unit that transforms regulated medical waste into sterile garbage suitable for regular trash disposal. This innovative solution offers healthcare providers a more cost-effective and environmentally friendly alternative to traditional medical waste management, eliminating the need for third-party waste haulers. In addition to its waste processing technology, OnSite Waste Technologies also provides Regulated Medical Waste Compliance Training to ensure that staff are equipped to maintain a safe and compliant workplace.

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 support small businesses, particularly those providing local services in the U.S. Established in 2013 and headquartered in San Diego, California, the company offers an all-in-one, cloud-based solution that facilitates the transition from offline to online business operations. Its platform includes tools for website creation, marketing, business management, and financial management, enabling users to build mobile-ready websites with features such as built-in SEO and statistics tracking. GoSite also provides services like domain registration, professional web design, and online promotion through social media and email. By offering a comprehensive suite of tools, GoSite helps small business owners connect with customers more effectively and manage their operations efficiently.

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 is a technology company based in San Juan Capistrano, California, that specializes in analyzing sensor data generated by high-value mechanical assets to enhance operational efficiency and prevent failures. Utilizing machine learning, OspreyData processes this data in real time, continuously improving its predictive insights. The company offers a physical systems intelligence platform that focuses on time series data, enabling the modeling of complex relationships among high-resolution signals. This platform complements existing monitoring systems, such as SCADA, by delivering deep insights into the behavior of intricate mechanical systems, including those in the oil and gas sector. By providing accurate operational decisions, OspreyData aims to help organizations prevent outages and accidents, ultimately maximizing the value derived from their critical assets.

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. is a company that offers an off-site storage solution specifically designed for professional photographers. Founded in 2014 and based in Irvine, California, Cloud Spot provides an online platform for users to upload, store, and share various file types, including JPEG, TIFF, PDF, and PNG. The platform simplifies the workflow for photographers by integrating features that facilitate online sales, proofing, and marketing, thereby allowing them to automate and grow their businesses. By focusing on the needs of photographers, Cloud Spot aims to address the challenges they face in managing their work and maximizing profitability within the $25 billion photography market.

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 based in Long Beach, California, that focuses on producing television shows and developing toys, including fashion dolls and educational books for children. Founded in 2013, the company aims to inspire and educate young girls, particularly those aged 6 to 10, by making business and technology engaging and relatable. Gengirl Media’s flagship property, Middle School Moguls, began as a doll and book line in 2016 and is now in development with Nickelodeon. The company combines digital edutainment and short-form content to encourage entrepreneurial skills in children, fostering creativity and decision-making in a fun context.
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