Covela vs Octamile: Revenue, Funding & Team Size Compared
Covela generates $900K in revenue; Octamile generates $1.2M. Octamile is 1.3× bigger than Covela by revenue. The table below compares Covela and Octamile on funding, valuation, customers, team size and headquarters — every figure GetLatka has verified for each company.
| Company |  CovelaThis company |  Octamile |
|---|---|---|
| Revenue | $900K | $1.2M |
| Valuation | Not disclosed | $12.1M |
| Funding raised | Not disclosed | $500K |
| Team size | 6 | 10 |
| Founded | Not disclosed | 2021 |
| HQ | Mexico City, Mexico | Lekki, Nigeria |
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Covela at a glance
Covela generates $900K in revenue with 6 employees, headquartered in Mexico City, Mexico.
- Revenue
- $900K
- Team size
- 6
The digital insurance broker for SMEs in LATAM
Octamile at a glance
Octamile generates $1.2M in revenue with 10 employees, headquartered in Lekki, Nigeria.
- Revenue
- $1.2M
- Valuation
- $12.1M
- Funding
- $500K
- Team size
- 10
- Founded
- 2021
Octamile are enabling Insurance and non-insurance businesses to simplify access to insurance and protect Africans from financial loss.
Other Covela alternatives
Covela competes with more than the companies on this page. Browse the full alternative lists to compare revenue, funding and team size across the category.
Covela vs Octamile: frequently asked questions
Is Covela or Octamile bigger?
Octamile is the bigger company by revenue, at $1.2M against $900K for Covela.
How much revenue does Covela make?
Covela generates $900K in annual revenue with a team of 6.
How much revenue does Octamile make?
Octamile generates $1.2M in annual revenue with a team of 10.
How much funding has Octamile raised?
Octamile has raised $500K in total funding since it was founded in 2021.