Covalent
PrivateLast Round
Strategic
Jun 26, 2024
Total Funding Raised
$10.1M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
Covalent operates in Crypto & Web3 and is based in Vancouver. Its latest recorded funding round was a Strategic round in June 2024.
Covalent is a blockchain technology company that provides a modular data infrastructure layer for blockchain and AI, offering a unified API that aggregates and indexes data from over 100 blockchains.
Sector
Crypto & Web3
Verticals
Blockchain Infrastructure, API Management, Cross-Chain, DeFi
Business Model
B2B
Customer Profile
Usage-Based SaaS, Data as a Service
AI Layer
Infrastructure
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Covalent Comparables
Compare Covalent with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| The Graph | 87% | |
| SubQuery | 86% | |
| Chainbase | 85% |
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Covalent Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Strategic | Jun 26, 2024 | ||||
| Token Sale | Apr 29, 2021 | ||||
| Strategic | Mar 24, 2021 | ||||
| Seed | Sep 10, 2020 |
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Key People
Founding team and executive leadership
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Covalent Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| AU21 Capital | Seed |
| Woodstock Fund | Seed |
| Alameda Research | Seed |
| Moonrock Capital | Strategic |
| Moonbeam Capital Investments | Strategic |
| CMCC Global | Strategic |
| Avalanche Foundation | Strategic |
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Market signals
Structured signals derived from secondary market and firmographic data.
- May 12, 2026
Added Onchainden App as a new customer.
- Dec 23, 2025
Added Droppe Oy, an e-commerce and industrial distribution startup.
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Covalent Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Covalent's valuation, stock price, and market status.
Is Covalent a public or private company?
Covalent is a private company.
What is the current stock price of Covalent?
Covalent is a private company, so its shares have no public market price. Caplight tracks Covalent's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Covalent worth (valuation)?
Valuation information for Covalent is not publicly available.
Can I buy Covalent stock?
Covalent shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Covalent's last funding round?
Covalent's most recent funding round was Strategic on June 26, 2024.
Who are the main investors in Covalent?
Key investors in Covalent include Woodstock Fund, RockTree Capital, 1kx, Mechanism Capital, Hashed.
Will Covalent IPO soon?
No public IPO plans have been announced for Covalent.
How can I track Covalent secondary market activity?
Caplight tracks bids, offers, and trades in Covalent's shares on secondary markets.