Hover, a U.S. startup with offices in Ukraine, nabs $60M Series D

The U.S. company Hover has raised a $60 million Series D round, TechCrunch reports. During this round, the company was valued at $490 million.

  • The biggest U.S. insurance companies led the round: Travelers, State Farm Ventures, and Nationwide. Standard Industries, a building materials global company, a VC firm Menlo Ventures, GV (formerly Google Ventures), Alsop Louie Partners, and Guidewire Software also participated in the round.
  • This round raises the total amount of investment received by the startup to $142 million. In 2019, during a Series C round, Hover was valued at $280 million, so its valuation has grown significantly.
  • Hover develops a platform that creates a fully interactive 3D model of any property using photos taken with a smartphone. Then these 3D images can be used by construction companies, repair companies, insurance companies, etc.
  • The headquarters of the company is located in San Francisco. It also has representative offices in Zhytomyr and Khmelnytskyi, where it currently recruits employees. In early November this year, on the Ukrainian unauthorized Facebook Page, Hover posted job openings for 3D-modellers and visualizers in Zhytomyr, Khmelnytskyi, and Rivne.