What is Angi?
Angi Inc., publicly traded as NASDAQ: ANGI, is a Denver-headquartered digital platform connecting homeowners with pre-screened, customer-rated home service professionals. Established from the roots of Angie's List in 1995, Angi operates across a broad spectrum of repair, maintenance, and improvement categories. The company's business model encompasses Ads and Leads, Services, and International segments, featuring a portfolio of well-known brands including Angi, Angie's List, HomeAdvisor, and Handy. Angi provides consumers with valuable resources such as contractor ratings, reviews, and project cost guides, alongside direct booking capabilities. For service professionals, the platform offers tools for lead management, quoting, and invoicing. Its international presence extends through brands like HomeStars, MyBuilder, and Werkspot, supporting over 300 million home projects globally.
How much funding has Angi raised?
Angi has raised a total of $298.4M across 7 funding rounds:
Unspecified
$35M
Debt
$18M
Private Equity
$25M
Unspecified
$22.5M
Multiple Rounds
$197.9M
Unspecified (2008): $35M with participation from Battery Ventures
Debt (2008): $18M led by Lighthouse Capital Partners
Private Equity (2010): $25M, investors not publicly disclosed
Unspecified (2010): $22.5M featuring Wasatch Venture Fund and Battery Ventures
Share Placement (2011): $53.6M, investors not publicly disclosed
Debt (2011): $30M with participation from ORIX Ventures and Bridge Bank
Stock Issuance/Offering (2011): $114.3M, investors not publicly disclosed
Key Investors in Angi
Battery Ventures
Battery Ventures is a global investment firm that partners with founders and management teams to build category-defining businesses. They invest across all stages, from seed to buyout, in markets including software, enterprise infrastructure, online marketplaces, and healthcare IT.
ORIX Ventures
ORIX Ventures LLC operates within the Investment Banking sector, focusing on providing capital and strategic support to companies. Their involvement suggests a strategic alignment with Angi's growth objectives.
Wasatch Venture Fund
Wasatch Venture Fund is a venture capital firm that invests in companies across various stages of development. Their participation indicates confidence in Angi's market potential and business model.
What's next for Angi?
The recent major strategic investment in Angi signals a pivotal phase for the company, likely aimed at enhancing its technological infrastructure, expanding its service offerings, and potentially pursuing strategic acquisitions. As a subsidiary of IAC, Angi's trajectory suggests a focus on consolidating its market leadership and leveraging its extensive network of service providers and homeowners. Future developments may include deeper integration of AI for service matching, expansion into new geographic markets, and enhanced tools for service professionals to optimize their operations. The company's substantial funding history indicates a robust strategy for sustained growth and market penetration in the competitive home services industry.
See full Angi company page
