Tech Company Financing Transactions

Coverd Funding Round

Coverd, based in New York, secured $7.8 million from Yolo Investments, Andreessen Horowitz and Tusk Ventures.

Transaction Overview

Company Name
Announced On
8/12/2025
Transaction Type
Venture Equity
Amount
$7,800,000
Round
Seed
Proceeds Purpose
Proceeds purposes were not disclosed.

Company Information

Company Status
Private & Independent
Industry
Entertainment
Mailing Address
11 Park Pl, 3rd Floor 436
New York, NY 10007
USA
Email Address
Overview
The future of personal finance is interactive. We disrupt through gamification.???? Coverd offers games of chance for users to risk small against large cash rewards that pays for past and future spendings: from covering credit card bills to funding a dream vacation for as little as $1. After launching through a mobile app and website, Coverd will introduce the Covered credit card with gaming features embedded. Created by problem-solvers with expertise in derivative pricing, high frequency trading, and software engineering from Morgan Stanley, Hudson River Trading, Google, and Meta, Coverd gives everyone a chance to live big.
Profile
Coverd LinkedIn Company Profile
Social Media
Coverd Company Twitter Account
Company News
Coverd News
Facebook
Coverd on Facebook
YouTube
Coverd on YouTube

Management Team

Title
Name
Email & Social
Founder
Albert Wang
  Albert Wang LinkedIn Profile  Albert Wang Twitter Account  Albert Wang News  Albert Wang on Facebook
Founder
Eric Xu
  Eric Xu LinkedIn Profile  Eric Xu Twitter Account  Eric Xu News  Eric Xu on Facebook


 

 

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Prev: 8/12/2025: SoftWear Automation venture capital transaction
Next: 8/12/2025: Elivaas venture capital transaction

 

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About Our Venture Capital Transactions Database

We do our best to document every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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