# Covington Group

> Covington Group is a VC fund in Dallas backing Software and Hardware. See 7 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Dallas, United States
- Total investments: 7
- Last investment: Jan 2014
- Lead investor: 14%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/covington-group/
- Website: http://www.covingtongroupinc.com

Covington Group is a VC fund in Dallas focused on Software and Hardware. Covington Group, an real estate development and investment company, focuses on creatively financed projects across the U.S.

## Contacts

5 contacts available for Covington Group. Shizune tracks 8 team members at Covington Group. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/covington-capital?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 3 | 43% |
| Hardware | 1 | 14% |
| Security | 1 | 14% |
| Wireless | 1 | 14% |
| Manufacturing | 1 | 14% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 2 | 29% |
| Series D | 2 | 29% |
| Funding Round | 2 | 29% |
| Series B | 1 | 14% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Barry Lang | Chairman and Founding Partner | 0 | — |
| Chad Ward | Staff | 0 | — |
| Franklin Ulf | Chairman Emeritus | 0 | — |
| Jorge Gallegos | Staff | 0 | — |
| Kenneth Sheer | President and Chief Executive Officer | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| BTI Systems | BTI delivers solutions that transform the economics, performance and innovation of global networks through intelligent networking software and systems. Leading content, cloud and service providers choose BTI to drive improved operational efficiencies and profitably deliver high-value services to businesses and consumers around the globe. With morethan 380 customers, BTI is headquartered in North America, and operates regional sales, marketing, and R&D centers of excellence throughout the world. | $27M | Series D | Jan 07, 2014 |  |
| BTI Systems | BTI delivers solutions that transform the economics, performance and innovation of global networks through intelligent networking software and systems. Leading content, cloud and service providers choose BTI to drive improved operational efficiencies and profitably deliver high-value services to businesses and consumers around the globe. With morethan 380 customers, BTI is headquartered in North America, and operates regional sales, marketing, and R&D centers of excellence throughout the world. | $10M |  | Feb 24, 2013 |  |
| Agile Systems | Agile Systems is a world leader in the design, development and manufacturing of advanced motion control technology including motor control and power conversion. Our team is highly skilled in integrating power electronics, digital controls and network communications into small, compact and cost effective packages. Based in Waterloo, ON, Canada,Agile Systems has established customers in a broad range of industries. | $7M |  | May 12, 2005 |  |
| IceFyre Semiconductor | IceFyre Semiconductor designs and develops a range of Wi-Fi chips. Its products include SureFyre 802.11a and TwinFyre 802.11a/b/g system solutions. The company offers orthogonal frequency division multiplexing (OFDM) product that reduces power requirements with the use of the digital computational engines in the data transmission chain.IceFyre was founded by Cedric Paillard and is based in Kanata, Ontario. | $10M | Series D | Jul 13, 2004 |  |
| IceFyre Semiconductor | IceFyre Semiconductor designs and develops a range of Wi-Fi chips. Its products include SureFyre 802.11a and TwinFyre 802.11a/b/g system solutions. The company offers orthogonal frequency division multiplexing (OFDM) product that reduces power requirements with the use of the digital computational engines in the data transmission chain.IceFyre was founded by Cedric Paillard and is based in Kanata, Ontario. | $19M | Series C | Feb 18, 2003 |  |
| Kyberpass Corporation | Kyberpass Corporation provides security software for high-trust applications. It offers TrustPlatform, a business integration solution for businesses of various sizes to connect and perform electronic business with customers and business partners; and Digital Signature Services, a solution to build security infrastructure in the form of a managedservice. The company serves clients in various areas, including financial services, healthcare, telecommunications, government, and defense. The company was founded in 1995 and is based in Ottawa, Canada. | $4M | Series C | Oct 15, 2001 |  |
| Kyberpass Corporation | Kyberpass Corporation provides security software for high-trust applications. It offers TrustPlatform, a business integration solution for businesses of various sizes to connect and perform electronic business with customers and business partners; and Digital Signature Services, a solution to build security infrastructure in the form of a managedservice. The company serves clients in various areas, including financial services, healthcare, telecommunications, government, and defense. The company was founded in 1995 and is based in Ottawa, Canada. | $9.5M | Series B | Jun 07, 2000 |  |

7 of 7 investments shown.

## Co-investors
- [Bain Capital Ventures](https://shizune.co/investors/profile/bain-capital-ventures) — VC Fund, 2 deals together
- [Fairhaven Capital Partners](https://shizune.co/investors/profile/fairhaven-capital-partners) — VC Fund, 2 deals together
- [Kodiak Venture Partners](https://shizune.co/investors/profile/kodiak-venture-partners) — VC Fund, 2 deals together
- [McLean Watson Venture Capital](https://shizune.co/investors/profile/mclean-watson-capital) — VC Fund, 2 deals together
- [NB Capital Partners](https://shizune.co/investors/profile/nb-capital-partners) — VC Fund, 2 deals together
- [Prism Venture Management](https://shizune.co/investors/profile/prism-venture-management) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund
- [New Enterprise Associates](https://shizune.co/investors/profile/new-enterprise-associates) — VC Fund
- [Bessemer Venture Partners](https://shizune.co/investors/profile/bessemer-venture-partners) — VC Fund

## FAQ

### What does Covington Group invest in?

Covington Group invests primarily in Software, Hardware and Security startups, most often at Series C and Series D stage. Most of the 7 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Covington Group?

Public channels for Covington Group include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Covington Group?

The team at Covington Group includes Barry Lang (Chairman and Founding Partner), Chad Ward (Staff) and Franklin Ulf (Chairman Emeritus), among 8 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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