# Hover

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hover

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.hover.to
- Total disclosed funding: $119M
- Latest round: Series D (Nov 17, 2020)
- Investors on record: 13

## About

Hover, Inc. is a software company focused on transforming the construction and renovation industries through innovative measurement and design solutions. Their platform enhances project efficiency for contractors, builders, and insurance professionals.Founded in 2011 and headquartered in San Francisco, US, Hover, Inc. specializes in software for construction and renovation professionals. The company has successfully completed a total of 7 deals with its most recent funding round being Series D, where it raised USD 60.00 mn on November 17, 2020. The co-founders include AJ Altman and Alexander Levenson, who have established significant expertise in this domain.Hover offers an integrated software platform designed for construction and renovation professionals, including contractors, builders, and insurance professionals. Its core products enable users to measure properties, create designs, and generate comprehensive takeoff lists without extensive manual effort. The software features functionalities such as 3D modeling, photo-realistic designs, and material lists, aimed at optimizing workflow and enhancing project profitability for clients across North America and parts of Europe.Hover generates revenue through a subscription-based model that grants access to its suite of software tools for the construction and insurance sectors. Clients engage under structured agreements providing direct access to the platform's capabilities. Revenue is accrued from recurring subscription fees, allowing users to benefit from ongoing updates and support, which enhances project management efficiency.Following the recent Series D funding round of USD 60.00 mn in November 2020, Hover plans to innovate its product offerings and expand into new geographic regions. The company is focused on designing new features and may target expansion into more European markets by 2022. The funding will support these strategic initiatives and improve Hover's software capabilities.

## Funding rounds

- Series D, Nov 17, 2020, $60M — Menlo Ventures, Nationwide Insurance, Alsop Louie Partners, GV, Travelers, Guidewire Software, Inc., FinSight Ventures, Standard Industries Inc., State Farm Ventures
- Series C, Apr 25, 2019, $25M — Menlo Ventures, GV, The Home Depot, Inc.
- Series B, Jan 29, 2018, $25M — GV, The Home Depot, Inc., Standard Industries Inc.
- Series A, Nov 19, 2015, $6M — Alsop Louie Partners, Almaz Capital
- Seed, Oct 1, 2012, $3.1M — Almaz Capital, McKenna Management, de Anda Capital

## Investors

- Almaz Capital (https://capitalatlas.ai/funds/almaz-capital) — Seed, Series A
- McKenna Management (https://capitalatlas.ai/funds/mckenna-management) — Seed
- de Anda Capital — Seed
- Alsop Louie Partners (https://capitalatlas.ai/funds/alsop-louie-partners) — Series A, Series D
- GV (https://capitalatlas.ai/funds/gv) — Series B, Series C, Series D
- The Home Depot, Inc. — Series B, Series C
- Standard Industries Inc. — Series B, Series D
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series C, Series D
- Nationwide Insurance — Series D
- Travelers — Series D
- Guidewire Software, Inc. — Series D
- FinSight Ventures (https://capitalatlas.ai/funds/finsight-ventures) — Series D
- State Farm Ventures (https://capitalatlas.ai/funds/state-farm-ventures) — Series D