Coverflex company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

coverflex.com

Founded Year

2019

Stage

Seed VC | Alive

Total Raised

$5.99M

Last Raised

$5.99M | 1 yr ago

About Coverflex

Coverflex is a flexible compensation solution that enables companies to reduce costs and maximize the earning potential of their employees.

Coverflex Headquarter Location

Lisbon,

Portugal

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Coverflex News

Paris-based Breega closes €250M fund, opens Barcelona office to back Iberian startups

Jun 23, 2022

Paris-based Breega closes €250M fund, opens Barcelona office to back Iberian startups Paris-originated VC Breega wasn’t enormously well-known in the VC world (it only closed its 1st fund in 2015) until, perhaps, it started attracting attention with its second €110 million Seed fund, just under a year go. It’s portfolio now includes a number of scale-ups including Moneybox, Cuvva, Coverflex and Libeo. Perhaps part of its ‘secret sauce’ is how it has managed to put together an in house-team of experts in growth, talent, and comms, of which more later. Suffice it to say, Breega seems to be punching all the right numbers. It’s now closed a €250 million venture fund, enabling it to move from funding Seed-stage European companies to now being able to go for Series A stage and beyond. It’s also now opened a Barcelona office (alongside London and Paris) headed up by Partner and recently nominated Head of European Venture, Isabelle Gallo. Breega’s aim is to finance at least 20 companies in total with the new fund. To date, Breega has backed 70 promising portfolio companies across 7 countries. Breega’s investors include institutional players EIF (European Investment Fund) Bpifrance, Group Crédit Agricole, Amundi, LCL, Isomer Capital and a number of European entrepreneurs, which Breega hasn’t named specifically. The new fund doubles its assets under management to half a billion euros. This is Breega’s fourth fundraise in seven years. The new fund will have a strong focus on (although not limited to) fintech and insurtech companies. Breega’s new fund has also now backed Keebo (fintech), UKIO (proptech) and Mila (insurtech). Ben Marrel, Co-founder and CEO at Breega said in a statement: “Our fourth and largest fund to date will allow us to finance later stage companies at Series A stage and above and to continue to support our existing portfolio startups as they grow. This new money will also allow us to expand further into the increasingly dynamic Iberian tech ecosystem, one of the most dynamic in Europe.” Current investments in the Iberian market include property tech Ukio, insurtech and employee benefits platform, Coverflex, and the fintech investment platform, Ninety-Nine. Breega’s inhouse, free-of-charge ‘Scaling Squad’ consists of a team of experts in growth and pairing, talent, marketing and communication. Ben Stanway, founder and Co-CEO of Moneybox says this “acted like an extension of our own team.” Replying to me over email, Marrel added: “We’re also very interested in seeing how advances in Blockchain technology and quantum computing will impact innovation – Breega is an early investor in Alice&Bob and we’re very excited to be accompanying them in the race to creating the world’s first fault-free quantum computer.”

Coverflex Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Coverflex Rank

  • When was Coverflex founded?

    Coverflex was founded in 2019.

  • Where is Coverflex's headquarters?

    Coverflex's headquarters is located at Lisbon.

  • What is Coverflex's latest funding round?

    Coverflex's latest funding round is Seed VC.

  • How much did Coverflex raise?

    Coverflex raised a total of $5.99M.

  • Who are the investors of Coverflex?

    Investors of Coverflex include Breega Capital and 200m Fund.

  • Who are Coverflex's competitors?

    Competitors of Coverflex include Cobee.

You May Also Like

Swile Logo
Swile

Swile develops a restaurant title card that provides reimbursements between colleagues, bill sharing, instant messaging, organization of events, and lunches at reduced prices.

F
Flash

Flash is an HRtech company that develops a platform of flexible benefits for companies and employees.

C
Cobee

Cobee develops an online platform that automates and simplifies employee benefits management by allowing by employees to choose between meals, transportation, childcare, training and medical insurance.

Edenred Logo
Edenred

Edenred (OTCMKTS: EDNMY) provides transactional solutions for companies, employees, and merchants worldwide. The company offers specific-purpose payment solutions for food, mobility, incentives and corporate payments. These solutions enhance user’s well-being and purchasing power, improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy.

Sodexo Logo
Sodexo

Sodexo (Euronext: SW) develops, manages and delivers an array of on-site services, benefits and rewards services and personal and home services.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.