Covercy User Review
April 19, 2025

Covercy User Review

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Covercy

We use Covercy as our main platform for investor relations. It allows us to keep investors updated with quarterly reports, manage distributions efficiently, and share new investment opportunities in a clear and professional way. Before Covercy, our communication and reporting were done through email, which made things harder to track and less consistent. Now, everything is centralized—investors can log in to see updates, access documents, and stay informed throughout the lifecycle of their investment. It's helped us improve transparency, build trust, and scale our investor communications more effectively.

Pros

  • Distributions
  • Capital Calls
  • Reporting
  • Capital Balances
  • K-1's

Cons

  • % of emails viewed by investors
  • Current Capital balances on summary page in investment
  • Wire fees
  • automating distribution payments
  • streamlining investor communication
  • storing investor bank accounts
Distribution prep time has been cut down significantly
I run into some trouble with ACH limits sometimes and don't like wire because of the high fees.

Do you think Covercy delivers good value for the price?

Yes

Are you happy with Covercy's feature set?

Yes

Did Covercy live up to sales and marketing promises?

Yes

Did implementation of Covercy go as expected?

No

Would you buy Covercy again?

Yes

Distributions to investors when there are more than a handful of investors.

Comments

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