Thumbtack, a San Francisco, CA-based modern home management platform, received a $275m investment at a valuation of $3.2 billion.
The round was led by Qatar Investment Authority (QIA) and joined by Blackstone Alternative Asset Management (BAAM) as well as G Squared. Prior investors Baillie Gifford, CapitalG, Founders Circle Capital, Sequoia Capital, and Tiger Global Management also participated.
The company intends to use the funds to accelerate growth and drive continued adoption.
Led by co-founder and CEO Marco Zappacosta, Thumbtack provides an app and platform for homeowners to book the right skilled professionals such as plumbers, painters, landscapers and contractors to fix, maintain, and improve their homes. In the last 12 months, the company has grown revenue more than 50 % and is on track to generate more than $2 billion in revenue for local service providers this year.
Today, Thumbtack operates in every county across the U.S.
FinSMEs
15/06/2021