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Covalent - Strategic
Overview
Funding Date
June 26, 2024
Financing amount
$5M
Valuation
--
Catagory
About Covalent - Strategic
The blockchain data infrastructure firm Covalent raised $5 million in strategic funding led by RockTree Capital. Additional investors include CMCC Global, Moonrock Capital and Double Peak Group.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2010 | 6 | info@rocktreecapital.com | ||
| Fund | Hong Kong | 2016 | 19 | -- | ||
| Fund | Germany | -- | 69 | -- | ||
| Corporate | Unknown | -- | 9 | -- |
Founders & Team
Ganesh Swami
Levi Aul
Company Profile / Project Introduction
Covalent is a technology company that is solving the huge infrastructure problems inhibiting blockchain adoption. The solution bridges the entrenched world of centralized databases with the new world of distributed blockchain technologies. Blockchains provide a new frontier of development for enterprises, consumers and software developers. Due to its decentralized architecture, immutable ledger and highly secure framework, applications of the technology will impact industries ranging from finance and retail to personal identity and cryptocurrency. Covalent's solution will exponentially increase access to and adoption of distributed blockchain technologies for enterprise and consumer use cases.