# Cover, a Velocity company

> Cover was a New York restaurant-payments company that let diners settle meals from a stored card, split checks, and leave without waiting for a bill. Founded by Mark Egerman and Andrew Cove in 2012, it raised $7 million in disclosed seed and Series A funding, reached more than 350 participating restaurants, and was acquired by Velocity in 2015. Its standalone app was retired in 2016.

- **Founded:** 2012
- **Headquarters:** New York, United States
- **Founders:** Mark Egerman (Co-founder and CEO), Andrew Cove (Co-founder)
- **Products:** Cover diner app, Cover restaurant payments
- **Notable:** More than 350 accepting restaurants in three U.S. cities by the September 2015 acquisition announcement., USD 7 million in disclosed seed and Series A funding., Expanded from New York to San Francisco and Los Angeles.

## Products & services

- **Cover diner app** — Historical mobile app for checking into participating restaurants, using a stored payment card and tip preference, splitting bills, and leaving without waiting for the check. Retired in 2016.
- **Cover restaurant payments** — Merchant-side payment processing, including a standalone iPad workflow. Velocity offered restaurants an optional integrated payment and loyalty platform after the acquisition.

## Achievements

- More than 350 accepting restaurants in three U.S. cities by the September 2015 acquisition announcement.
- USD 7 million in disclosed seed and Series A funding.
- Expanded from New York to San Francisco and Los Angeles.
- Acquired by Velocity in September 2015.

## Latest updates

- **2015-09** — Velocity announced its acquisition of Cover; financial terms were undisclosed.
- **2016-05** — Eater reported the standalone Cover app retired and its functionality and restaurant partners consolidated into Velocity.
- **2023-06** — Parent-company context: Capital One acquired Velocity Mobile Limited, known as Velocity Black. This was not a separate Cover funding round or product launch.

## Links

- Website: http://www.paywithcover.com
- LinkedIn: https://www.linkedin.com/company/cover-inc-/
- Twitter/X: https://twitter.com/coverpay
- Facebook: https://www.facebook.com/paywithcover

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Profile page: https://yespress.io/cover-a-velocity-company
Published by YesPress — https://yespress.io
Last updated: 2026-10-03