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Covera Ventures Spins Out Of Hunt Ventures

The venture team at Hunt Ventures said Friday evening that it has spun off from Hunt Consolidated, Inc., and is now operating as Covera Ventures. Steve Coffey, Jeff Williams, and Chris Eckman -- all previously Managing Directors or Directors at Hunt Ventures -- said they will continue to manage Hunt Ventures Fund I, L.P., the early stage technology venture fund which was formed in May of 2008. Covera Ventures continues to have offices in both Austin and Dallas. The group had earlier taken the name of Sabine Ventures Management; reason for the name change was not announced by the group.