Hover logo
Founded 2011

Hover

2019 Revenue

$9.6M

YOY

Funding

$122.1M

How Hover hit $9.6M in Revenue with 10K Customers in 2019.

About Hover

Create 3D home models with smartphone

Monthly Revenue

$800.0K

Total Expenses

$800.0K

=
Net Income

-$1.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Hover CEO A.J. Altman on 12/01/2020

Watch the podcast


Headquarters

315 Pacific Avenue San FranciscoCaliforniaUnited States
Website

hover.to

$Funding$Revenue

Hover Revenue

In 2019, Hover revenue run rate hit $9.6M in revenue.

$9.6M

Hover Valuation and Funding History

Hover has raised a total of $122.1M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
11/17/2020Series D$60.0M
04/25/2019Series C$25.0M
01/29/2018Series B$25.0M
11/19/2015Series A$6.0M
03/11/2013Series A$3.0M
12/01/2012Seed Round$3.1M

Customers

Hover has 10K customers.

Lifetime Months

×
Monthly ARPU

$80.0

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$960.0

$0$960.0024681012

Churn

Hover has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

100.00%

Team

Employees

Hover has 300 employees. They have 50 sales reps that carry a quota, an engineering team of 79 and a marketing team of 12.

201820192020-19.00%▼136.00%▲
DistributionQty

Total Team Size

300

Engineers

79 (26%)

Sales

50 (17%)

Marketing

12 (4%)

CEO/Founder

A.J. Altman

A.J. Altman is founder & CEO of HOVER, a mobile app that is transforming homeownership by creating 3D home models from smartphone photos. Prior to founding HOVER, A.J. was an engineer at Intel Corporation and served as an infantry officer in the United States Marine Corps.


CEO Q&A

What's your age?

41

Favorite online tool?

Stripe

Favorite book?

Good to great

Favorite CEO?

Elon Musk

Advice for 20 year old self

Trust himself more


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Frequently Asked Questions about Hover

When was Hover founded?

Hover was founded in 2011.


Who is the CEO of Hover?

The CEO of Hover is A.J. Altman


How many employees does Hover have?

Hover has 300 employees.

How much revenue does Hover generate?

Hover generates $9.6M in revenue.


How much funding does Hover have?

Hover has raised $122.1M.


Where is Hover headquarters?

Hover is headquartered at 315 Pacific Avenue San FranciscoCaliforniaUnited States

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