On January 29, 2018, Hover Inc. closed the transaction. The company issued 13,219,820 series 4 preferred shares at price of $1.8911 per share for the gross proceeds of $25,000,002. The preferred shares will be convertible in common shares at a price of $1.8911 per share. The preferred shares are entitled to receive non-cumulative dividend at rate of 6% per annum. The round will be raised at a post-money valuation of $94,947,976. The round of funding was led by new investor GV. The transaction included participation from new investors, Standard Industries Inc. and The Home Depot, Inc. (NYSE:HD).