Diligence memo · auto-generated · as of July 2, 2026
Coverago I Inc.
Coverago I Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Coverago I Inc. operates in Business Services, based in NEWARK.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Coverago I Inc. has raised $8.5M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $8.5M on 2011-07-11.
Most recent recorded round closed around 2011-07-11.
Valuation (modeled)modeled
Provath models Coverago I Inc. at approximately $176M (range $12M–$956M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.27× the median modeled value of Series A Business Services companies in 2010–2012 (41 peers) — value vs value, same stage and era. Within the normal band (127% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 15.0 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 83% of Business Services peers (2439 compared).
Modeled value ranks above 91% of those peers.
Closest niche peers: Eliassen Group, LLC, Towers Watson & Co., Topcoder, Inc., STTG, Inc., Fountain Leasing 2010 LP.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.