IRVINE, CA -- May 8, 2018 -- Cove Fund is excited to announce the launch of its Startup Kit for funded companies with several new Resource Partners, including IBM Watson, TriNet, Troutman Sanders, and Marsh & McLennan. Companies receiving funding from Cove Fund are eligible to take advantage of valuable discount offers from these industry leaders.
"Cove Fund is investing in promising Southern California companies and we want to make sure we also give these startups the tools they need to drive growth and create a return on that investment," said Cove Fund II co-manager, Mike Benvenuti. "Partnering with industry leaders like IBM Watson and others means we can give our companies the support they need in all areas of their business."
The team at Cove Fund plans to continue adding new partners to its Startup Kit over the next year.
About Cove Fund
Cove Fund (www.covefund.com) is a family of seed-stage venture capital funds that invest in the dynamic Southern California startup ecosystem. The Fund is headquartered in “The Cove,” a state-of-the-art facility on the campus of UC Irvine (UCI) and home to UCI Applied Innovation, a centrally located and vibrant gathering place for entrepreneurs, innovators and investors in the Southern California startup ecosystem. Additionally, UCI Applied Innovation is working to cultivate an “innovation district” in the heart of Southern California, producing more start-ups, more scale-ups, and ultimately a world-class entrepreneurial ecosystem.
The $5.6M Cove Fund I began investing in 2015 and currently has 16 companies in its portfolio. Cove Fund II launched in early 2018 with $14.2M in capital. The funds invest in early stage technology and life science companies in Southern California that demonstrate the potential to address large markets with highly differentiated products and services, and that can achieve significant value-creating inflection points with their seed funding.