Thumbtack Raises $150M in Growth Financing

thumbtackThumbtack, a San Francisco, California-based local services marketplace that connects consumers to professionals across U.S., raised $150m in funding.

The round, which valued the company at $1.7 billion, was led by existing investor Sequoia Capital, with participation from current investor Baillie Gifford.

The company intends to use the funds to:
– accelerate efforts to create the tools and infrastructure needed to allow small businesses to run and grow their businesses, such as offering deeper scheduling and payment integrations,
– expand the role and reach of its platform, and
– hire new people during 2019.

Launched in 2008 and led by Marco Zappacosta, CEO, Thumbtack provides a marketplace that enables customers to connect with local plumbing, catering, personal training, math tutoring, and other skilled professionals.
Today, the marketplace platform delivers instant, real-time matches to both customers and local service professionals.



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