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Covetool revenue is $2.5 million

Covetool team size is 30 employees


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Covetool

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How Covetool hit $2.5M Revenue with 10K customers in 2022.

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.

Founded

2015

Founded

Revenue

$2.5M

2022 Revenue

YOY
-----

YOY

Funding
$0.0

Funding


Covetool Revenue

In 2022, Covetool revenue run rate hit $2.5M in revenue.

  • 2021

    Covetool hit $2.5M in revenue in 2021

  • 2015

    Covetool launched in 2015 with $0 revenue

$2.5M

Covetool Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

    FUNDING DATEROUNDAMOUNTVALUATION

    Team

    Covetool has 30 total employees and 3 sales reps that carry a quota. They have 10300 customers an engineering team of 5

    2021
    DISTRIBUTIONQTY
    Total team size
    30
    Engineer
    5(17%)
    Sales
    3(10%)
    Marketing
    0(0%)

    CEO/Founder

    Sandeep Ahuja

    Sandeep brings her experience of building a successful sustainability consulting firm Pattern r+d (the consulting arm of cove.tool). Most recently, Sandeep presented at the UN environment assembly, with 1500 global delegates, on the impact of building on climate change, showcased at the Tedx Atlanta, won the Atlanta Startup Battle and the 30 under 30 award for developing cove.tool, the automated sustainability consultant. With her desire to bring automation into the AEC world, she is pioneering the integration of building performance into the design and construction process by developing and using intelligent technology and software.

    Q&A

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    Customers

    Covetool has 10K customers.

    Lifetime Months

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    x

    Monthly ARPU

    -

    =

    Lifetime Dollar

    -

    Acquisition Cost

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    Average Annual Price

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    $0$0024681012
    $0$0024681012

    Churn

    Covetool has an annual churn rate of 0.00%.

    -100-500%50100

    Gross Annual Dollar Churn

    -0.00%

    Annual Dollar Expansion

    0.00%

    Net Revenue Retention

    0.00%


    About Covetool

    Monthly Revenue

    $210K

    -

    Total Expenses

    $0.0

    =

    Net Income

    $0.0

    EBIDTA Margin

    0.0%

    +

    YOY Growth

    0.0%

    =

    Rule of 40

    0


    Covetool Board of Directors

    NamePosition

    Covetool Executives

    NamePosition
    Sandeep Ahuja CEO

    Covetool Employees

    NamePosition
    Sandeep Ahuja CEO

    Frequently Asked Questions about Covetool

    When was Covetool founded?

    Covetool was founded in 2015.

    How much revenue does Covetool generate?

    Covetool generates $2.5M in revenue.

    Who is the CEO of Covetool?

    The CEO of Covetool is Sandeep Ahuja.

    How much funding does Covetool have?

    Covetool was raised $0.

    How many employees does Covetool have?

    Covetool has raised 30 employees.

    Where is Covetool headquarters?

    Covetool headquater is at United States