Cove: Growth Investment Raised From Lead Edge Capital

Cove, a commercial property management software that combines tenant experience and building operations to connect the entire building ecosystem, announced a new investment from leading growth equity firm Lead Edge Capital. This new funding from Lead Edge Capital follows closely on the heels of previous funding led by Nuveen Real Estate in 2024 and Blackstone Innovations Investments in 2022.

Cove offers an all-in-one software platform that streamlines operations for stakeholders across the commercial real estate sector, including property managers, landlords, and engineers. And by consolidating communication, task management, and real-time insights into a single interface, Cove eliminates the need for multiple disconnected tools. This platform drives efficiency, reduces costs and elevates the tenant experience. Cove also supports a wide range of property types—including office buildings, life science campuses, retail centers, industrial facilities, and medical offices.

The funding arrives during a period of significant transformation across the commercial real estate (CRE) industry. And hybrid work, shifting tenant expectations, and rising operating costs are reshaping how buildings are managed and experienced. Cove is prepared to address these shifts, working closely with owners and operators to deliver tailored solutions to real operational challenges.

Cove also has a long-standing client base with high retention, such as powering the tenant experience and building operations at Chicago’s Willis Tower, the largest multi-tenant office building in the Western Hemisphere.

KEY QUOTES:

“Cove has grown rapidly by simplifying complex property operations in a way that’s both intuitive and impactful. We’re excited to leverage our investor network to support their continued momentum as they redefine what’s possible in system consolidation, operational efficiency and tenant experience. Cove’s alignment with the needs of owners, operators and tenants makes them a true partner to the commercial real estate industry.”

Nimay Mehta, Managing Partner at Lead Edge Capital

“Cove combines building operations and tenant experience into one seamless platform. With the support of our investors, Cove will expand our product to further simplify how real estate is managed and experienced. Our top priority is to support and empower owners and operators to do their job more effectively, and we are excited to welcome Lead Edge Capital as a key partner to help us reduce costs and increase efficiencies for our clients long into the future.”

Adam Segal, co-founder and CEO of Cove