What is ServiceTitan?
Founded in 2007, ServiceTitan is dedicated to building the essential operating system for the trades industry, a sector historically underserved by technological advancements. The platform provides a seamlessly integrated experience designed to empower business owners across numerous trades industries to accelerate growth, enhance operational efficiencies, and deliver superior customer experiences. By offering a robust suite of tools, ServiceTitan aims to digitize and streamline operations for a critical segment of the economy.
How much funding has ServiceTitan raised?
ServiceTitan has raised a total of $1.6B across 7 funding rounds:
Series A
$18M
Series B
$80M
Series C
$62M
Series D
$165M
Series F
$500M
Series G
$200M
Stock Offering
$625M
Series A (2015): $18M with participation from Mucker Capital, Bessemer Venture Partners, AMENALAV Group, and I2BF Global Ventures
Series B (2017): $80M led by ICONIQ Capital
Series C (2018): $62M supported by ICONIQ Capital, Battery Ventures, Hive Ventures, and Bessemer Venture Partners
Series D (2018): $165M featuring T. Rowe Price, Index Ventures, ICONIQ Capital, Bessemer Venture Partners, Battery Ventures, and Dragoneer Investment Group
Series F (2021): $500M backed by Sequoia Capital Operations LLC, Index Ventures LLP, Bessemer Venture Partners, Battery Ventures L.P, ICONIQ Capital, Durable Capital Partners, and Tiger Global Management , LLC
Series G (2021): $200M with participation from Thoma Bravo
Stock Issuance/Offering (2024): $625M, investors not publicly disclosed
Key Investors in ServiceTitan
T. Rowe Price
T. Rowe Price, established in 1937, is a global asset management firm providing investment services to a diverse client base. Their involvement suggests a strong belief in ServiceTitan's long-term market potential and financial stability.
Index Ventures
Index Ventures is a venture capital firm that partners with entrepreneurs from seed to IPO, backing companies that challenge the status quo. Their investment in ServiceTitan highlights a focus on disruptive technology platforms with significant growth potential.
ICONIQ Capital
ICONIQ Capital is known for its strategic investments in high-growth technology companies. Their repeated participation in ServiceTitan's funding rounds indicates a strong conviction in the company's business model and market leadership.
What's next for ServiceTitan?
The consistent and significant capital infusions indicate ServiceTitan is in a scaling phase, likely focusing on expanding its market reach, enhancing its platform capabilities, and potentially exploring new trade verticals. The company's strategic investments suggest a clear path toward solidifying its position as the dominant operating system for the trades, with future developments likely centered on further innovation and market penetration.
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