Covetool
2024 Revenue
$10.6M
Customers
10K
Funding
$42.5M
YOY
64.4%
Avg ACV
$1.1K
Team
59
Founded
2017
How Covetool CEO Daniel Chopson grew Covetool to $10.6M revenue and 10K customers in 2024.
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 |
|---|---|
| 2024 | Covetool Hit $10.6m revenue in October 2024 |
| 2023 | Covetool Hit $6.5m revenue in December 2023 |
| 2020 | Covetool Hit $1.5m revenue in October 2020 |
| 2017 | Launched with $0 revenue |
Covetool Valuation, Funding Rounds
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 |
|---|---|---|---|---|
| 2021 | Series B | $30M | - | - |
| 2020 | Series A | $5.7M | - | - |
| 2020 | Funding round | $5.7M | - | - |
| 2019 | Seed Round | $150K | - | - |
| 2018 | Seed Round | $800K | - | - |
| 2018 | Pre Seed Round | $100K | - | - |
Covetool Employees & Team Size
Covetool employs approximately 59 people as of 2026, down from 76 in 2023.
Covetool has 59 total employees in different roles and functions and 18 sales reps that carry a quota. They have 10K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 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) |
Founder / CEO
Daniel Chopson
Daniel Chopson is listed as Founder / CEO at Covetool.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Covetool acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Covetool
What is Covetool's revenue?
Covetool generates $10.6M in revenue.
Who founded Covetool?
Covetool was founded by Daniel Chopson.
Who is the CEO of Covetool?
The CEO of Covetool is Daniel Chopson.
How much funding does Covetool have?
Covetool raised $42.5M.
How many employees does Covetool have?
Covetool has 59 employees.
Where is Covetool headquarters?
Covetool is headquartered in Atlanta, Georgia, United States.
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Compare Covetool to the industry
Covetool operates across multiple industries. Browse revenue, funding, and growth data for Covetool in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .