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HOVER Secures a $60M Customer-Led Round to Build the Future of Property Data and Transform the Homeowner Experience

Nov 17, 2020•over 4 years ago

Amount Raised

$60 Million

San Francisco

Description

 HOVER, a technology company that provides an end-to-end data platform for home improvement and property insurance professionals, today announced a $60 million Series D financing led by top insurance carriers Travelers (NYSE: TRV), State Farm Ventures™, and Nationwide. HOVER uses computer vision and machine learning to structure property data, enabling seamless workflows from appraisal and estimation to interactive 3D design and materials ordering. Insurance professionals and contractors use HOVER's app to drive efficiency and transparency in their workflows and provide a superior experience for homeowners.

Company Information

Company

Hover

Location

San Francisco, California, United States

About

HOVER is developing the most accurate and usable data set of physical property available to deliver a simpler and more transparent home improvement experience. Used by contractors, insurance adjusters, and homeowners alike, HOVER drives efficiencies with a mobile app that measures, designs, and estimates cost all in one place; smartphone photos transform into beautifully-rendered, fully-measured 3D models of any home. For more information, visit https://hover.to/.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech