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Covve revenue is $42k

Covve team size is 14 employees


How did Latka collect this data?

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Latka collected this data by interviewing Covve CEO Yiannis Gavrielides on 01/01/2014

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Covve

-

linkedinwebsite

How Covve hit $42K Revenue with 500 customers in 2022.

Simplest, smartest contacts app

Founded

2013

Founded

Revenue

$42K

2022 Revenue

YOY
-----

YOY

Funding

$5M

Funding


Covve Revenue

In 2022, Covve revenue run rate hit $42K in revenue.

  • 2019

    Covve hit $42K in revenue in 2019

  • 2013

    Covve launched in 2013 with $0 revenue

$42K

Covve Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 2019 Seed Round

    Covve raised a Seed Round of $2.7M

  • 2016 Seed Round

    Covve raised a Seed Round of $1.2M

  • 2015 Seed Round

    Covve raised a Seed Round of $415.4K

  • 2014 Pre Seed Round

    Covve raised a Pre Seed Round of $712.2K

FUNDING DATEROUNDAMOUNTVALUATION
09/30/2019 Seed Round $2.7M
03/01/2016 Seed Round $1.2M
10/01/2015 Seed Round $415.4K
01/01/2014 Pre Seed Round $712.2K

Team

Covve has 14 total employees They have 500 customers

2019
DISTRIBUTIONQTY
Total team size
14
Engineer
0(0%)
Sales
0(0%)
Marketing
0(0%)

CEO/Founder

Yiannis Gavrielides

CEO of Covve.com and Partner in Invelopment Partners which invests and helps talented individuals start businesses. Co-founded Stagedoor.app, Blend.app, Digital Tree ePublishers. Background in consulting and banking. https://www.linkedin.com/in/ygavrielides/

Q&A

What`s your age?

40

Favorite online tool?

Kissmetrics

Favorite book?

Hooked

Favorite CEO?

Bezos

Advice for 20 year old self

Its hard to build company!


Customers

Covve has 500 customers.

Lifetime Months

8

x

Monthly ARPU

$7

=

Lifetime Dollar

$50

Acquisition Cost

$40

Average Annual Price

$84

$0$846 month payback period024681012
$0$846 month payback period024681012

Churn

Covve has an annual churn rate of 168.00%.

-150-100-500%50100150

Gross Annual Dollar Churn

-168.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

68.00%


About Covve

Monthly Revenue

$3.5K

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

0.0%

=

Rule of 40

0


Covve Board of Directors

NamePosition

Covve Executives

NamePosition
Yiannis Gavrielides CEO

Covve Employees

NamePosition
Yiannis Gavrielides CEO

Frequently Asked Questions about Covve

When was Covve founded?

Covve was founded in 2013.

How much revenue does Covve generate?

Covve generates $42K in revenue.

Who is the CEO of Covve?

The CEO of Covve is Yiannis Gavrielides.

How much funding does Covve have?

Covve was raised $5M.

How many employees does Covve have?

Covve has raised 14 employees.

Where is Covve headquarters?

Covve headquater is at Cyprus