Covercy

Covercy operates Covercy One, an investment management platform for commercial real estate general partners that combines fundraising, an investor portal, distributions, investor CRM, capital calls, reporting, valuations and financial operations in a single system. The company positions the platform as built "from the money up," with banking, distributions and reconciliation at the core and all funds, investors and transactions maintained on one position ledger. An AI assistant branded Neo — described as an "AI Co-GP" — operates across the platform to answer questions, take actions and generate output, with human approval retained at critical steps.

Product capabilities span fundraising workflows, investor communications and reporting, distribution payments, funds and capital calls, integrations, accounting and compliance features, retail and broker-dealer support, and an optional fund administration module covering NAV and fund accounting. Covercy also retains a cross-border payments product, Covercy Pay, for global fund transfers, documented alongside the GP investment management platform and investor portal in the company help center. The platform is marketed across asset classes including multifamily, office, retail, mixed use, student housing, build-to-rent, manufactured housing, warehousing and storage, land development, distressed property, real estate funds and alternative investments.

Founding story

Covercy was founded by Doron Cohen, who has more than 20 years of experience across fintech and real estate and started the company to bring banking and investment management together in one platform. It launched in 2015 as a cross-border payments business operating under UK and Israeli licenses, with KYC, AML and sanctions screening handled internally from the outset.

Business model

Covercy sells software to real estate investment managers through tiered subscription packages — Fundraising Starter (raising a next deal), Standard (managing already-raised capital), and Professional (full platform covering funds, deals, payments and integrations) — with a Fund Administration add-on for NAV, fund accounting and retail raising. Pricing is quoted via sales conversation, and a free entry option and demo are offered. The company also processes payments, reporting roughly $2B in annual payment processing.

Tiered SaaS packages sold via sales-led "talk to sales" pricing, plus fees for fund transfers through Covercy Pay.

Traction

Company-reported figures include 300 investment firms as customers, 30,000 investors served, approximately $2B in annual payment processing, and 10+ years of regulated money movement. A customer testimonial describes starting with a pilot to automate distributions and centralize investment management and tripling Covercy usage within three months.

Latest developments

In 2025 Covercy rebuilt the company around AI and relaunched its platform as Covercy One with Neo, an AI Co-GP that answers questions, acts and generates content across funds, investors and transactions. The company states it is hiring as part of this transition. Its leadership includes Chairperson Chip Kruger, formerly co-CEO of Greenwich Capital Markets and co-founder of Five Mile Capital, and President Peter Sanchez, a former Northern Trust executive leading US growth and institutional capabilities.