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Head-to-head · Angel Investing Software

Gust Investor Groups vs Covalent

  • Updated Oct 2026
  • Both researched from official sources
  • 5 checks side by side
Higher score Gust Investor Groups #5 in Angel Investing Software 8.2/10 Pricing on request ✓ 3 of 5 features Visit Gust
Covalent #8 in Angel Investing Software 7.8/10 Pricing on request ✓ 4 of 5 features Visit Covalent

Gust Investor Groups leads on 0 checks, Covalent on 0, and 5 are even. Who comes out ahead on the 5 yes/no, price and count checks where we have data for both products. The editor score weighs everything else too.

Our verdict

  • Highest scoreGust Investor Groups · 8.2/10
  • Most featuresCovalent · 4 of 5

Gust Investor Groups scores higher on our rubric for angel investing software: 8.2 against 7.8 out of 10; our editors rank them #5 and #8.

Gust Investor Groups is the better fit for investor groups coordinating applications and shared deals. Covalent is the better fit for investors needing deal pipeline and fund performance metrics.

  • Gust Investor Groups fits best

    Investor groups coordinating applications and shared deals

  • Covalent fits best

    Investors needing deal pipeline and fund performance metrics

Advertiser disclosure: iTechGuides is reader-supported. Vendors can pay for top positions in our rankings and for a place on other products' pages, and we may earn a commission when you click some links. Bought places stand at the number bought; this page and our disclosure say so. Paying vendors may get a fuller, more detailed review from our editors, and that review can change their score. How we rank.

Side by side

Feature Gust Investor Groups 8.2/10 Visit ↗ Covalent 7.8/10 Visit ↗
At a glance
Editor score 8.2 7.8
Ranking #5 in Angel Investing Software #8 in Angel Investing Software
Best for Investor groups coordinating applications and shared deals Investors needing deal pipeline and fund performance metrics
Pricing model Paid Paid
Starting price Pricing on request —
Free plan Not checked yet Not checked yet
Free trial — —
Deployment Cloud Cloud
Platforms Web Web
Support Live chat, Email, Docs Email, Phone
Built for Small business, Mid-market, Enterprise Solo, Small business, Mid-market, Enterprise
Features Gust Investor Groups 3/5 · Covalent 4/5
Deal flow management ✓ ✓
Portfolio tracking Not checked yet ✓ (best)
Syndicate management ✓ (best) Not checked yet
Deal data room ✓ ✓
Reporting and exports Not checked yet ✓ (best)
Specs
Investor capacity Not checked yet Not checked yet
Our review
Pros
  • Filter startup applications and track member ratings, reviews, and comments
  • Control access to secure deal rooms and share deal flow with other organizations
  • Coordinate events and announcements through email and calendar integrations
  • Tracks deal sourcing, stages, activity, and investment memo details
  • Combines ownership records with TVPI, MOIC, DPI, and IRR dashboards
  • Includes capital-flow tracking, portfolio documents, and API access
Cons
  • No portfolio tracking feature is listed
  • Pricing is handled through sales rather than published plans
  • The platform is web-based, with no other platform listed
  • Starter is limited to one active fund and pipeline, 50 investments, and two team members
  • Growth caps usage at five funds and six team members
  • Pro is marked Coming Soon, and plan prices are not displayed
Our verdict

Gust Investor Groups is a cloud-based web platform for angel groups and other early-stage investor organizations. It brings application intake, investment-preference filtering, deal screening, and due diligence into a shared workflow.…

Read the review →

Covalent is a cloud-based investment operations platform for angel investors, venture capital and private equity firms, family offices, and accelerators. Its scope extends from startup submissions and deal tracking to portfolio records,…

Read the review →
  1. Gust Investor GroupsAngel Investing Software 8.2Pricing on request
  2. CovalentAngel Investing Software 7.8Pricing on request

Strengths and trade-offs

  • Gust Investor Groups — where it wins

    • Filter startup applications and track member ratings, reviews, and comments
    • Control access to secure deal rooms and share deal flow with other organizations
    • Coordinate events and announcements through email and calendar integrations

    Where it doesn't

    • No portfolio tracking feature is listed
    • Pricing is handled through sales rather than published plans
    • The platform is web-based, with no other platform listed

  • Covalent — where it wins

    • Tracks deal sourcing, stages, activity, and investment memo details
    • Combines ownership records with TVPI, MOIC, DPI, and IRR dashboards
    • Includes capital-flow tracking, portfolio documents, and API access

    Where it doesn't

    • Starter is limited to one active fund and pipeline, 50 investments, and two team members
    • Growth caps usage at five funds and six team members
    • Pro is marked Coming Soon, and plan prices are not displayed
  • Gust Investor Groups8.2/10 · Pricing on request

    A web-based workspace for screening applications, collaborating on deals, and tracking syndicate commitments.

    Visit GustFull verdict →
  • Covalent7.8/10 · Pricing on request

    A broad deal and fund operations workspace, with plan access by request.

    Visit CovalentFull verdict →

More comparisons

All angel investing software comparisons → · Full ranking →

Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026

Last updated · How we research and update