When was HoverChat founded?

HoverChat was founded in 2013 and raised its 1st funding round 1 year after it was founded.

Where is HoverChat located?

HoverChat is headquartered in Santa Clara, United States.

Who is the current CEO of HoverChat?

Wael Nafee of HoverChat. They are also an angel investors in 1 startup.

How many employees does HoverChat have?

As of Jul 01, 2024, the latest employee count at HoverChat is 11 - 50.

Is HoverChat a funded company?

HoverChat is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Mar 14, 2014.

When was the latest funding round of HoverChat?

HoverChat's latest funding was a $***** Seed round on Mar 14, 2014, with participation from 2 investors. Its primary sector is Communication Apps. Globally, the Communication Apps sector has seen $15.9M in funding in 2026 to date.

Where does HoverChat rank among its competitors?

HoverChat ranks 645th amongst 1538 active competitors, of which 170 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Telegram, which secured $310M in Mar, 2024.

Who are the top competitors of HoverChat?

HoverChat's top competitors include Slack, Zoom and Telegram. Among them, Telegram secured the most recent funding round in March, 2024.

HoverChat - 2026 Company Profile, Team, Funding & Competitors

HoverChat is a deadpooled company based in Santa Clara (United States), founded in 2013 by Wael Nafee and Mostafa Gazar. It operates as a Messaging application. HoverChat has raised an undisclosed amount in funding. The company has 1538 active competitors, including 170 funded and 102 that have exited. Its top competitors include companies like Slack, Zoom and Telegram.

Company Details

Replacement for stock SMS apps, HoverChat is a messaging app focused on multi-tasking experience that allows users to use messaging service without interrupting their workflow. It is a lot like Facebook’s Chat Heads feature. HoverChat users can have their SMS communications encrypted using a pass phrase. The app is currently available on Android phones and has seen over 200,000 downloads with 8,000 new downloads per day.

Key Metrics

Founded Year

2013

Location

Santa Clara, United States

Stage

Deadpooled

Latest Funding Round

Seed, Mar 14, 2014, $*****

Investors

Y Combinator & 1 more

Ranked

645^th among 1538 active competitors

Employee Count

11 - 50 as on Jul 01, 2024

Similar Companies

Slack & 1428 more

View HoverChat's full profile

HoverChat has raised funding over 1 round. Its latest funding round was a Seed round on Mar 14, 2014 for $*****. 2 investors participated in its latest round. HoverChat has 2 institutional investors.

Here is the list of recent funding rounds of HoverChat:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 14, 2014	6040214	Seed	2646842	8753688	3777837	9965645

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View details of HoverChat's funding rounds and investors

The founders of HoverChat are Wael Nafee and Mostafa Gazar.

Here are the details of HoverChat's key team members:

Wael Nafee: Co-Founder & CEO of HoverChat. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Mostafa Gazar: Co-Founder of HoverChat.

View details of HoverChat's Founder profiles and Board Members

HoverChat's employee count trend

HoverChat has 11 - 50 employees as of Jul 24. Here is HoverChat's employee count trend over the years:

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Top competitors of HoverChat include Slack, Zoom and Telegram. Here is the list of Top 10 competitors of HoverChat, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Slack 2009, San Francisco (United States), Acquired	Developer of communication software for team collaboration and workflow automation	$1.22B	Dragoneer Investment Group, Spark Capital ... & 70 others	89/100
2nd	Zoom 2011, San Jose (United States), Public	Cloud-based video conferencing software	$157M	AME Cloud Ventures, Emergence Capital & 17 others	81/100
3rd	Telegram 2013, Dubai (United Arab Emirates), Series D	Developer of a cloud-based mobile and desktop messaging application	$150M	Mubadala, Abu Dhabi Catalyst Partners & 28 others	77/100
4th	Panopto 2007, Seattle (United States), Series B	Cloud-based video conferencing management software provider	$48.5M	Sterling Partners Education Opportunity Fund, Square 1 Bank ... & 9 others	73/100
5th	Mask Network 2018, Champaign (United States), Series A	Provider of encrypted messaging applications	$5M	Fundamental Labs, Digital Currency Group ... & 43 others	72/100
6th	Goldcast 2020, Cambridge (United States), Acquired	Cloud based platform offering virtual event management solutions	$42M	WestBridge Capital, Underscore VC & 16 others	71/100
7th	Bevy 2017, Palo Alto (United States), Series C	Virtual and in-person community events software platform	$61.4M	Accel, Upfront Ventures & 6 others	69/100
8th	Element 2016, London (United Kingdom), Series B	Decentralized team messaging app for enterprises	$48.1M	Automattic, Notion & 7 others	66/100
9th	Spike 2014, Herzliya (Israel), Series A	Provider of enterprise cybersecurity solutions	$13M	Insight Partners, NFX & 5 others	66/100
10th	JANDI 2014, Seoul (South Korea), Series B	Cloud-based enterprise collaboration platform for team messaging	$25.8M	SBVA, Qualcomm Ventures & 15 others	64/100
645th	HoverChat 2013, Santa Clara (United States), Deadpooled	Messaging application	-	Y Combinator, Tamkeen Capital	24/100