About HoverTech
HoverTech was founded in 1997 and is headquartered in Allentown, United States. Operations focus on the manufacturing of air-assisted medical devices designed for patient handling and mobility support, along with disposable products used in healthcare settings. The company serves the medical device sector by producing equipment that aids in safe patient transfers and reduces injury risks for caregivers. Distribution occurs primarily within the United States.
- Headquarter Allentown, United States
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Email
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Website
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Social
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- Legal Name Hovertech International
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Annual Revenue
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Acquired by
Etac Group
(Jul 11, 2019)
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Funding Insights of HoverTech
| 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 HoverTech
HoverTech has secured backing from 1 investor. Prominent investors backing the company include Etac Group. 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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Developer and provider of ergonomic assistive devices and patient handling equipment
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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 HoverTech
| 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 - HoverTech
| 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 |
Hovertech Comparisons
Competitors of HoverTech
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about HoverTech
When was HoverTech founded?
HoverTech was founded in 1997.
Where is HoverTech located?
HoverTech is headquartered in Allentown, United States. It is registered at Allentown, Pennsylvania, United States.
Who is the current CEO of HoverTech?
Dave Davis is the current CEO of HoverTech.
What does HoverTech do?
HoverTech was founded in 1997 and is headquartered in Allentown, United States. Operations focus on the manufacturing of air-assisted medical devices designed for patient handling and mobility support, along with disposable products used in healthcare settings. The company serves the medical device sector by producing equipment that aids in safe patient transfers and reduces injury risks for caregivers. Distribution occurs primarily within the United States.
Who are HoverTech's investors?
HoverTech has 1 investor. Key investors include Etac Group.