What is Thumbtack?
Thumbtack operates as a prominent online marketplace designed to connect individuals and businesses with skilled local professionals across a diverse spectrum of services. The platform streamlines the process of engaging trusted service providers, offering a user-friendly interface for customers to discover, compare, and book professionals for various projects, including home improvement, wellness, events, and personal services. Thumbtack is dedicated to fostering the growth of local businesses by providing them with access to valuable opportunities and expanding their customer reach. Through its innovative technology and community-centric approach, Thumbtack continues to redefine how reliable local services are accessed nationwide.
How much funding has Thumbtack raised?
Thumbtack has raised a total of $773.8M across 10 funding rounds:
Series A
$4.5M
Series B
$12.5M
Series C
$30M
Series D
$100M
Private Equity
$125M
Private Equity
$150M
Unspecified
$275M
Debt
$75M
Series A (2012): $4.5M supported by MHS Capital and Javelin Venture Partners
Series B (2013): $12.5M featuring MHS Capital, Javelin Venture Partners, and Steamboat Ventures
Series C (2014): $30M backed by Steamboat Ventures
Series D (2014): $100M with participation from Javelin Venture Partners, Google Capital, and Steamboat Ventures
Private Equity (2015): $125M led by Javelin Venture Partners, CapitalG, Baillie Gifford, TriplePoint Venture Growth BDC, and Steamboat Ventures
Private Equity (2019): $150M, investors not publicly disclosed
Unspecified (2021): $275M featuring Founders Circle Capital, Qatar Investment Authority, Sequoia Capital, Baillie Gifford, G Squared, CapitalG Management, Blackstone Alternative Asset Management, and Tiger Global Management
Debt (2024): $75M backed by Silicon Valley Bank and Hercules Capital
Key Investors in Thumbtack
Silicon Valley Bank
Silicon Valley Bank is a financial institution operating within the banking industry, known for its support of technology and innovation-focused companies.
Hercules Capital
Hercules Capital is a specialty finance company providing venture growth loans to high-growth, venture capital-backed companies across technology, life sciences, and sustainable industries.
Javelin Venture Partners
Javelin Venture Partners backs founders building new products and platforms in technology, commerce, and services, offering committed capital and practical guidance to early-stage teams.
What's next for Thumbtack?
The substantial enterprise-level funding Thumbtack has garnered indicates a strategic phase of scaling and market expansion. This capital infusion is likely to fuel further platform development, enhance service offerings, and potentially broaden its geographic reach. The company's focus on empowering local professionals and simplifying service discovery positions it for continued growth in the competitive gig economy and local services market. Future initiatives may include deeper integration of AI for service matching, expansion into new service verticals, and strengthening its B2B offerings.
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