Thumbtack Raises $100M in Funding

thumbtackThumbtack, a San Francisco, CA-based provider of a consumer service that allows people to accomplish personal projects, raised $100m in funding.

The round was led by Google Capital, with participation from  current investors Tiger Global Management, Sequoia Capital, and Javelin Venture Partners.

The company, which has received a total of $150m to date, intends to use the funds to grow the business, launch nationwide marketing campaigns and scale the engineering team in order to accelerate investments in product and infrastructure.

Launched in December 2009 and led by CEO Marco Zappacosta, Thumbtack is a consumer service that allows people to accomplish personal projects by  introducing customers to experienced professionals who are available, interested and qualified to meet their specific needs (e.g. a painter for home, a math tutor for children or a DJ for wedding).
Operating in more than 700 categories and all 50 U.S. states, the company sends an estimated $1.8 billion worth of business annually to more than 75,000 paying professionals. Customers get started by answering specific questions to communicate their individual needs. Within hours, Thumbtack introduces customers to several available and qualified professionals. Customers hire professionals after comparing custom quotes, reviews, business profiles and, if necessary, calling or meeting with the professionals to discuss their work.

In May 2014, the company had raised a $30m Series C financing round (read here).



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