Coveroo Secures $2.3 Million in Series B Funding
Round Led by Rembrandt Venture Partner
July 08, 2010 09:04 AM Eastern Daylight Time
SAN FRANCISCO--(EON: Enhanced Online News)--Coveroo, creator of the highest-quality customized covers
and cases for mobile phones and consumer electronic devices, today announced it has closed $2.3 million in Series
B funding. The round was led by Rembrandt Venture Partners which also led funding of Coveroo’s Series A round
in September of 2009. Several existing investors including Consor Capital LLC and Karl Jacob also participated in
the round. Coveroo plans to apply the new capital toward scaling its e-commerce business, corporate sales, unique
in-store kiosk line and live events business.
The additional investment comes at a time when Coveroo has more than tripled its customer base and signed key
partnerships with Major League Baseball, the National Basketball Association, Marvel Entertainment and several
others. The company has also added thousand of new designs to its portfolio, established kiosks in major retail
locations and expanded its live events business to include video game premieres, movie launches, handset launches
and popular concerts such as the Coachella Music Festival.
“We’re thrilled with the success and momentum Coveroo has generated on their mission to customize and
personalize the world’s electronics,” said Richard Ling, general partner at Rembrandt Venture Partners. “With strong
sales to date, unique technology and great partnerships, Coveroo is well positioned to lead the personalization
“As consumers look for new ways to express themselves, Coveroo meets this market with the right set of products
and a great team,” said Jay Huffard, manager at Consor Capital LLC. “We are very enthusiastic about Coveroo and
their opportunity to shape the future of personalized consumer electronic products."
“After assembling a great team, we’ve come a long way in 18 months and the momentum is showing no signs of
slowing,” said Cover