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Hover Raises $6 Million for App That Turns Photos of Homes Into 3-D Models
This job was previously done by contractors who would arrive at a house or building, take measurements manually, and later create 3-D models of the structureâs exterior using heavy-duty CAD programs, Hover Chief Executive Kevin T. Reilley said. Full investment news article
Square Pays $93 Million Penalty to Some Investors in IPO
The payments company’s IPO priced at $9, below an expected range of $11 to $13 and well under the $15.46 that investors including Rizvi Traverse and J.P. Morgan Chase & Co. paid last fall. That $150 million funding round came with what’s called a “ratchet,” meaning the investors were guaranteed additional shares if the IPO price didn’t reach a certain level. Full investment news article