Each Tuesday, we reverse-engineer a real SaaS company's revenue, profit, CAC, funnels, and its top growth tactic.
Sign up to access all features
Sign up with GoogleSign up with LinkedInAlready have an account? Log in
GetLatka is trusted by 200k+ founders, researchers, and marketers.
No contracts, cancel at any time
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
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.
Covetool has not publicly disclosed its valuation. The company has raised $42.5M in total funding to date.
Covetool has raised $42.5M in total funding across 6 rounds, most recently a $30M Series B round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Series B | $30M | - | - | |
| 2020 | Series A | $5.7M | - | - | |
| 2020 | Funding round |
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Covetool serves 10K customers.
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.
Covetool generates an estimated $10.6M in annual revenue.
Covetool was founded by Daniel Chopson.
The CEO of Covetool is Daniel Chopson.
Covetool raised $42.5M across 6 rounds.
Covetool has 59 employees.
Covetool is headquartered in Atlanta, Georgia, United States.
Covetool operates across multiple industries. Browse revenue, funding, and growth data for Covetool in each sector below.
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.
Claim this profile
Qobra is an AI-first sales compensation platform founded in 2020 by Antoine Fort (CEO), Axel (CTO)...
Paligo, headquartered in Sweden and founded in 2020, is a Component Content Management System...
Rocket.net is a managed WordPress hosting company founded in 2020 by Ben Gabler, who brings 25...
In-House Health is an AI-powered technical platform for modern nursing teams that transforms the...
2024 Revenue
$10.6M(Est.)
Customers
10K
Funding
$42.5M
Avg ACV
$1.1K
Team
59
Founded
2017
| 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 | |
| 2017 | Launched with $0 revenue |
| $5.7M |
| - |
| - |
| 2019 | Seed Round | $150K | - | - |
| 2018 | Seed Round | $800K | - | - |
| 2018 | Pre Seed Round | $100K | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 59 employees (December 2024) | |
| 2024 | Reached 60 employees (October 2024) | |
| 2023 | Reached 76 employees (December 2023) | |
| 2022 | Reached 75 employees (December 2022) | |
| 2021 | Reached 60 employees (December 2021) | |
| 2021 | Reached 61 employees (December 2021) | |
| 2020 | Reached 23 employees (October 2020) |
If you're the CEO and would like to join the podcast, please DM Nathan Latka on LinkedIn.
