Covetool
Atlanta, Georgia, United States
How Covetool hit $6.5M revenue and 10K customers in 2023.
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.
2017
Founded
$6.5M
2023 Revenue
109.86%
YOY
$42.5M
Funding
Covetool Revenue
In 2023, Covetool revenue run rate hit $6.5M in revenue.
-
2023
Covetool hit $6.5M in revenue in 2023
-
2020
Covetool hit $1.5M in revenue in 2020
-
2017
Covetool launched in 2017 with $0 revenue
Covetool Funding History
-
2021 Series B
Covetool raised a Series B of in December, 2021
-
2020 Series A
Covetool raised a Series A of in October, 2020
-
2020
Covetool raised a of in October, 2020
-
2019 Seed Round
Covetool raised a Seed Round of in September, 2019
-
2018 Seed Round
Covetool raised a Seed Round of in December, 2018
-
2018 Pre Seed Round
Covetool raised a Pre Seed Round of in May, 2018
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| December, 17 2021 | Series B | ||
| October, 14 2020 | Series A | ||
| October, 14 2020 | |||
| September, 26 2019 | Seed Round | ||
| December, 04 2018 | Seed Round | ||
| May, 18 2018 | Pre Seed Round |
Team
Covetool has 76 total employees and 18 sales reps that carry a quota. They have 10,000 customers an engineering team of 16 and a marketing team of 4.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 76 |
| Engineer | 16 (21%) |
| Sales | 18 (24%) |
| Marketing | 4 (5%) |
Founder / CEO
Daniel Chopson
Q&A
-
What's your age?
-
-
Favorite online tool?
-
-
Favorite book?
-
-
Favorite CEO?
-
-
Advice for 20 year old self
-
Customers
Churn
Covetool Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Daniel Chopson | CEO | [email protected] | - |
Covetool Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Daniel Chopson | CEO | [email protected] | - |
Frequently Asked Questions about Covetool
-
When was Covetool founded?
Covetool was founded in 2017.
-
How much revenue does Covetool generate?
Covetool generates $6.5M in revenue.
-
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 76 employees.
-
Where is Covetool headquarters?
Covetool is headquartered at Atlanta, Georgia, United States
People Also Viewed
Chatmeter
Complete Local Brand Management Platform, Reputation and Local SEO Analytics for Multi-Location Chains and Agencies. Client Retention Rate over 90%
Channel Mechanics
Provider of a cloud-based channel enablement platform designed to accelerate revenue generation for companies. The company's channel enablement platform offers data, tools and insights to turn sales ideas into easily executable market promotions and sales programs, enabling businesses to manage and maximize sales through the right channel partners.
Celoxis
The all-in-one solution to manage your Projects + Resources + Workflows + Timesheets & more. ✔ Powerful features ✔ Beautiful dashboards ✔ Superb reporting.
FRACTTAL
Provider of a cloud-based enterprise asset management software intended to manage the maintenance of business assets. The company's asset management software monitors the conditions of business assets in real-time by connecting all the business assets to the internet and converting the information gathered into relevant actions, enabling enterprises to be more productive, avoiding failures and reducing the costs.
Infolio
All-in-one project collaboration suite
Digevo
Digevo - Evolución Digital Somos Digitales, Innovadores y Globales. Digevo imagina, desarrolla y opera activos de tecnología de información de manera de proveer servicios de alto valor agregado para sus clientes. Con más de 20 años de experiencia en tecnologías de información, en Digevo, hemos abordado con éxito la misión de capitalizar la evolución digital global, la más importante del último tiempo en las áreas de internet, mobile y hoy inteligencia artificial. Nos enfocamos en oportunidades y desafíos del mundo emergente que puedan ser resueltas a través de tecnologías digitales. Operamos en Latinoamérica con nuestras divisiones de negocios orientadas a empresas, personas y a startups.