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Founded Year

2011

Stage

Series D | Alive

Total Raised

$136.71M

Last Raised

$60M | 8 mos ago

About HOVER

HOVER is a platform that allows homeowners and businesses to create virtual accounts for homes, including accurate, digital 3D models of a property.

HOVER Headquarter Location

634 2nd Street Floor 3

San Francisco, California, 94107,

United States

844-754-6837

Latest HOVER News

Top 10 Property Technology Startups in the US

Feb 3, 2021

Top 10 Property Technology Startups in the US By A few years ago, hardly anyone knew what PropTech was. This is not to say that PropTech is only a few years old but a comment of the rapid rise of this innovative sector in the global economy today. A quick research reveals to us that PropTech actually goes as far back as the mid-1980s. Despite the invention of the computer system and the rise of technology around this time frame, the PropTech industry displayed little to no impact in response to the revolution. The PropTech market (also known as Real Estate Tech) started making waves around 2012. In that year, about 72 real-estate startups raised $221 million in venture capital funding. It should come as no surprise that the PropTech industry is now rapidly being noticed and invested in or the industry wouldn’t be worth writing about. Researchers associate the accelerated growth of this sector to the new variety of tech being developed such as AI and big data. These technologies are incorporated into various industries like Real estate management for example, triggering a process known as “digital transformation”. This process is the birth story of several industries today such as FoodTech, AgriTech, MedTech and PropTech. In order to properly analyze the vast growth of this sector, a visual presentation displaying the VC funding trends for the PropTech industry between 2012 and 2016 can be seen below. Data Source: CBInsights From the chart above, it’s pretty obvious that the PropTech sector is rapidly developing and yet to reach its peak. As of 2019, there were about 4,196 PropTech startups globally. Buckle up and let’s take a ride to witness some of the biggest and most impactful of these startups leading the PropTech industry in the United States of America today. Compass Compass is a real estate tech startup that offers an online platform specially designed for renting, buying and selling real estate assets. The company’s end-to-end platform aids the entire selling and purchasing workflow. Compass operates in over 22 regions across the United States, some of which include Los Angeles, New York, Chicago, San Francisco, Seattle, Philadelphia, Washington D.C. and many more. This startup is one of the pioneers and most successful PropTech startups in the US and in the globe. Highlights Date of Incorporation: October 4, 2012 Headquarters: New York, United States Funding Amount: US $1.5 Billion Number of Investors: 31 Zillow, Inc. Zillow is regarded by most as the very first startup that publicized the PropTech industry. The company is an online real estate marketplace that provides and disburses relevant information about real estate, mortgages and homes. Zillow Inc is a sub-organization of Zillow group that operates several sections including Zillow Mortgage Marketplace, Zillow.com, Zillow Rentals, Zillow Mobile and Zillow Digs. The company is one of the most visited U.S real estate brands and owns the most popular suite of real estate applications, possessing about 480 million homes viewed in May 2014. Zillow’s goal is to empower people with information so they can make smart decisions in regard to their homes, mortgages and real estate. Highlights Date of Incorporation: 2005 Funding Amount: US $96.6 Million Number of Investors: 4 Opendoor Labs Inc. Opendoor is a PropTech startup that operates an online real estate framework used to streamline the sales process of home selling and buying. The startup helps sellers to receive an offer without showing or listing their home and helps buyers to browse for homes on sale and instantly unlock them using the company’s app. Their application helps users to buy and sell properties in the most convenient way possible. Highlights Date of Incorporation: 2014 Funding Amount: US $1.5 Billion Number of Investors: 64 Better Mortgage Corporation Better Mortgage is a real estate tech platform that provides a comprehensive homeownership journey, utilizing technology to change the system used by people in buying and owning a home. The company has succeeded in democratizing the home-financing ecosystem, replacing it with a digitized system that abolishes unnecessary steps and time-consuming engagements. Better Mortgage provides mortgage rates in seconds as well as a digital marketplace with competitive quotes from a series of insurance providers. The startup has done $7.9B in home loans and $1B in insurance so far. Highlights Date of Incorporation: 2016 Funding Amount: US $405 Million Number of Investors: 19 Redfin Corporation Redfin is a world-class provider of real estate search and brokerage services. The startup delivers these through a combination of real estate web platforms that can be accessed by agents. Redfin represents people selling and buying homes and features all of the broker-listed homes for sale. They also combine MLS listing info with historical data into a single map. Highlights Date of Incorporation: October 1, 2004 Headquarters: Seattle, Washington, United States Funding Amount: US $319.6 Million Number of Investors: 19 Reonomy Reonomy is a data-centric Proptech startup that leverages machine learning, big data and partnerships to connect the separated world of real estate. Their products empower organizations, teams and individuals to discover new opportunities as well as unlock insights by offering an unparalleled access to property intelligence. Highlights Date of Incorporation: March 1, 2013 Headquarters: New York, United States Funding Amount: US $128.4 Million Number of Investors: 25 Qualia Qualia is a high-profile digital real estate platform used by lenders, sellers, home buyers, real estate professionals and for escrow operations. The startup processes millions of real estate transactions for customers every year. Their cutting-edge technology brings users from across the real estate marketplace to coordinate steps of the closing process through a secured means. The startup ultimately aims to establish a seamless and secure home-buying experience for everyone. Highlights Date of Incorporation: 2015 Funding Amount: US $160 Million Number of Investors: 10 Hover Inc Hover is a real estate tech startup that specializes in the development of the most accurate and usable set of data about physical property available. The company actively seeks to provide an easier and more transparent home improvement experience. Hover ensures maximum efficiency of operations by using a mobile app to help insurance and home improvement professionals in the design, measurement and estimate of projects in a place. The startup also delivers professionals and homeowners relevant information necessary to produce accurate projections and appraisals as well as a 3D model to browse details and design options with homeowners. Highlights Date of Incorporation: March 2011 Headquarters: San Francisco, California, United States Funding Amount: US $127.3 Million Number of Investors: 14 Zumper, Inc. Zumper is a PropTech startup that provides a rental marketplace targeted towards landlords, property managers and renters. The startup is driven by a mission to make the rental process as convenient as booking a hotel. Zumper has offices in several key locations in the US including New York City, Chicago, San Francisco, Scottsdale and Providence. Highlights Date of Incorporation: 2012 Funding Amount: US $143.1 Million Number of Investors: 21 Landing Landing is a real estate startup that specializes in developing a membership-based network of fully-finished urban apartment homes. The company delivers a flexible living experience to members through their membership grants. They provide studios, one and two-bedroom fully furnished apartments, flexible lease agreements and all-inclusive amenities for easy movement and optimal living conditions. Highlights

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing HOVER

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned HOVER in 2 CB Insights research briefs, most recently on Feb 10, 2021.

Expert Collections containing HOVER

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

HOVER is included in 6 Expert Collections, including Real Estate Tech.

R

Real Estate Tech

2,188 items

Excludes co working/co living companies

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

C

Cloud Computing

1,330 items

Cloud computing startups develop technologies for remote (off-premises) servers used to store, manage, and process data.

A

AI 100 2019

100 items

I

Internet of Things ( IoT )

3,149 items

A

Artificial Intelligence

7,340 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

HOVER Patents

HOVER has filed 63 patents.

The 3 most popular patent topics include:

  • Architectural elements
  • Email
  • Wireless networking
patents chart

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Related Topics

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4/30/2020

7/20/2021

Wireless networking, Conservation and restoration, Network protocols, Email, Evolutionary biology

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Wireless networking, Conservation and restoration, Network protocols, Email, Evolutionary biology

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Status

Grant

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HOVER Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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