Cove Fund

covefund.com

Cove Fund invests in seed-stage technology and life science companies in Southern California that demonstrate potential to address large markets with highly differentiated products and services, and can achieve significant value-creating inflection points with seed funding.

Check Size

$250K - $1M

Stages

Seed, Pre Seed

Focus Areas

Ai Ml, Enterprise Saas, Vertical Saas

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Investment Thesis

Cove Fund believes fundamentally in the power of entrepreneurs and exceptional founding teams, recognizing that great teams can navigate any obstacles and find paths to success. They emphasize a partnership approach to investing, viewing their investment as the beginning of a collaborative relationship where they actively contribute resources, expertise, and networks to improve outcomes for portfolio companies. The fund takes a bottom-up approach to opportunities, evaluating each investment on its individual merit rather than chasing sector trends or macro narratives.

What Sets Them Apart

Headquartered in 'The Cove' at UC Irvine Beall Applied Innovation, providing direct access to university ecosystem and talent
Strong Member engagement model where investors actively participate in deal sourcing, due diligence, and post-investment governance
'Seed and feed' investment strategy with initial checks of $250K-$1M and reserved capital for follow-on rounds
Active investor providing governance support (typically board seat), mentoring, coaching, and strategic introductions
Preference for leading rounds but willing to follow trusted lead investors
Access to UC system affiliates beyond Southern California due to university ties
Board of Advisors with significant exit experience (e.g., Don Bailey's Questcor sale for $5.8B)