About Hover
Hover is a company based in San Francisco (United States) founded in 2011 by Ross Hangebrauck. It operates as a SaaS (Software-as-a-Service), and Freemium. Hover has raised $142.3 million across 9 funding rounds from investors including Guidewire, The Home Depot and State Farm. Hover offers products and services including Hover App and Design Tools. Hover operates in a competitive market with competitors including Matterport, Procore, Nemetschek Group, Esri and Mapbox, among others.
- Headquarter San Francisco, United States
- Founders Ross Hangebrauck
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Sectors
Real Estate & ConstructionTechnology Consumer
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Phone
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Website
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Social
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- Legal Name Hover, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$142.3 M (USD)
in 9 rounds
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Latest Funding Round
$60 M (USD), Series D
Nov 17, 2020
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Investors
Guidewire
& 14 more
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Employee Count
Employee Count
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Products & Services of Hover
Hover offers a comprehensive portfolio of products and services, including Hover App and Design Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for measurements, designs, and estimates in construction.
Tools for creating custom home design inspirations instantly.
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Software Development Team
47 people
Senior Team
15 people
Product Management Team
11 people
Operations Team
11 people
Data Analysis and Operations Team
7 people
Finance and Accounting
5 people
Sales and Marketing
5 people
Customer Team
5 people
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Funding Insights of Hover
Hover has successfully raised a total of $142.3M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $60 million completed in November 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series D — $60.0M
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First Round
First Round
(11 Oct 2012)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Series D - Hover | Valuation | Travelers , State Farm | |
| Apr, 2019 | Amount | Series C - Hover | Valuation | Menlo Ventures | |
| Jan, 2018 | Amount | Series B - Hover | Valuation | Google Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hover
Hover has secured backing from 15 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Guidewire, The Home Depot and State Farm. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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Early-stage technology venture capital firm specializing in risk-oriented investments with a humanist approach.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hover
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hover
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hover Comparisons
Competitors of Hover
Hover operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Matterport, Procore, Nemetschek Group, Esri and Mapbox, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of cloud and AI-based virtual tour solutions for construction professionals
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| domain | founded_year | HQ Location |
SaaS project management software is provided for construction professionals.
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| domain | founded_year | HQ Location |
Provider of management solutions for the construction sector
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| domain | founded_year | HQ Location |
Cloud-based spatial analysis and location mapping software is provided.
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| domain | founded_year | HQ Location |
Maps, navigation, search, and data are supplied for multiple platforms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hover
Frequently Asked Questions about Hover
When was Hover founded?
Hover was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Hover located?
Hover is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Hover a funded company?
Hover is a funded company, having raised a total of $142.3M across 9 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Oct 11, 2012.
What does Hover do?
Hover is established as a provider of all-in-one software solutions for construction and renovation projects. Services are offered to exterior contractors, home builders, insurance carriers, and homeowners. Tools for measurements, design, takeoffs, and estimates are included in the platform. The software is utilized across sectors like construction, insurance, and home improvement. Solutions are designed to optimize workflows, settle claims quickly, and support custom home designs. Integration with professionals and homeowners is facilitated through a user-friendly app.
Who are the top competitors of Hover?
Hover's top competitors include Procore, Matterport and Esri.
What products or services does Hover offer?
Hover offers Hover App and Design Tools.
Who are Hover's investors?
Hover has 15 investors. Key investors include Guidewire, The Home Depot, State Farm, Nationwide, and Travelers.
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