2024 Revenue
$10.6M(Est.)
Customers
10K
Funding
$36.8M
Avg ACV
$1.1K
Team
59
Founded
2017
Covetool Revenue & Funding (2024)
Covetool generated an estimated $10.6M in annual revenue in 2024. Source: GetLatka estimate
Developer of building performance guidance platform intended to convey options for cost and energy savings in an easy-to-understand graphical format. The company's platform uses an energy model that keeps pace with the parametric workflow and imports geometry to get feedback as the design progresses with other related features, enabling architecture, engineering and construction companies to access the platform for managing energy reporting in real time from one dashboard and upload results automatically.
Last updated
Covetool Revenue
In 2024, Covetool's revenue reached $10.6M. The company previously reported $6.5M in 2023. Since its launch in 2017, Covetool has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Covetool Hit $10.6m revenue in October 2024 | Estimated |
| 2023 | Covetool Hit $6.5m revenue in December 2023 | Estimated |
| 2020 | Covetool Hit $1.5m revenue in October 2020 | Not recorded |
| 2017 | Launched with $0 revenue |
Covetool Valuation, Funding Rounds
Covetool has not publicly disclosed its valuation. The company has raised $36.8M in total funding to date.
Covetool has raised $36.8M in total funding across 5 rounds, most recently a $30M Series B round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Series B | $30M | - | - | Not recorded |
| 2020 | Series A | $5.7M | - | - | Not recorded |
| 2019 | Seed | $150K | - | - | Not recorded |
| 2018 | Seed | $800K | - | - | Not recorded |
| 2018 | Pre-Seed | $100K | - | - | Not recorded |
Founder / CEO
Customers
Covetool serves 10K customers.
Covetool Employees & Team Size
Covetool employs approximately 59 people as of 2026, down from 76 in 2023, including 18 sales reps that carry a quota. It serves 10K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 59 employees (December 2024) | Not recorded |
| 2024 | Reached 60 employees (October 2024) | Not recorded |
| 2023 | Reached 76 employees (December 2023) | Not recorded |
| 2022 | Reached 75 employees (December 2022) | Not recorded |
| 2021 | Reached 60 employees (December 2021) | Not recorded |
| 2021 | Reached 61 employees (December 2021) | Not recorded |
| 2020 | Reached 23 employees (October 2020) | Not recorded |
Frequently Asked Questions about Covetool
What is Covetool's revenue?
As of 2024, Covetool generated an estimated $10.6M in annual revenue.
Who founded Covetool?
Covetool was founded by Daniel Chopson.
When was Covetool founded?
Covetool was founded in 2017.
Who is the CEO of Covetool?
The CEO of Covetool is Daniel Chopson.
How much funding does Covetool have?
Covetool raised $36.8M across 5 rounds.
How many employees does Covetool have?
As of 2024, Covetool had 59 employees.
Where is Covetool headquartered?
Covetool is headquartered in Atlanta, Georgia, United States.
Compare Covetool to the industry
Covetool operates across multiple industries. Browse revenue, funding, and growth data for Covetool in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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