Covalent
Covalent: A broad deal and fund operations workspace, with plan access by request. Ranked #8 of 15 in Angel Investing Software by our editors (7.8/10); pricing: Pricing on request; best for investors needing deal pipeline and fund performance metrics.
At a glance
- Editor score7.8 / 10
- PricingPricing on request
- Best forInvestors needing deal pipeline and fund performance metrics
- Deal flow managementYes
- Facts checked24 Sep 2026
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
Our verdict on Covalent
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, fund metrics, and stakeholder communications. Solo angels and smaller investment teams can use it to keep deal activity and portfolio administration in one web workspace, while investors managing multiple funds may value the broader operational coverage. It is best suited to teams that want both pipeline visibility and fund-performance reporting rather than a tool focused only on deal sourcing.
Deal flow tools cover custom intake forms with source attribution, pipeline boards, stage timelines, and activity logs. Deal data can feed investment memos, while portfolio company records capture ownership, valuations, and transaction history. Reporting dashboards include TVPI, MOIC, DPI, IRR, capital deployed, returns, and distributions; capital call, LP inflow, fees, and expenses are tracked as well. That breadth connects sourcing decisions with portfolio and fund operations. Centralized portfolio document storage and stakeholder contacts with in-platform email messaging add administrative context. The terms refer to data-room features, but the current feature description centers on portfolio document storage, so buyers should assess that distinction against their workflow.
Published plans show Starter for solo angels and small VC firms with AUM under $5m: one active fund and pipeline, up to 50 investments, and two team members, plus dashboards, guided onboarding, and email support. Growth targets mid-sized VCs, family offices, and small PE firms, with up to five funds, 300 investments per fund, six team members, and priority email support. Both are access-request plans, and the pricing model is contact sales. Pro is marked Coming Soon; its proposed scope includes unlimited funds, companies, and users, AI insights, LP portals, and a dedicated account manager. Pick Covalent if its combination of pipeline, metrics, and capital tracking fits; teams that need a currently available unlimited tier should look elsewhere.
Your product? Our editors can test Covalent in depth and publish a review, labelled as paid · from $149/mo →
Covalent pricing
All 3 Covalent plans and prices →
Covalent fact sheet
| Free plan | Not verified |
|---|---|
| Paid from | Not verified |
| Deal flow management | Yes |
| Portfolio tracking | Yes |
| Syndicate management | Not verified |
| Investor capacity | Not verified |
| Deal data room | Yes |
| Reporting and exports | Yes |
| Deployment | Cloud |
| Platforms | Web |
| Compliance & security | SOC 2, GDPR |
| Support | Email, Phone |
| Built for | Solo, Small business, Mid-market, Enterprise (editorial estimate) |
| Pricing | Pricing on request (source) |
| Website | hellocovalent.com |
| Facts checked | 24 Sep 2026 |
Alternatives to Covalent
- AngelListA broad toolkit for angel groups and GPs managing SPVs or venture funds.9.2
- AngelOSA cloud workspace for angel groups coordinating deal review, investors and portfolios.8.8
- AngelflowWeb-based syndicate software for deal participation and SPV administration.8.6
See all Covalent alternatives →
Covalent vs the competition
- Covalent vs AngelList
- Covalent vs AngelOS
- Covalent vs Angelflow
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- Covalent vs Gust Investor Groups
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Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
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