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 Javelin Venture Partners and MHS Capital
Series B (2013): $12.5M featuring Javelin Venture Partners, Steamboat Ventures, and MHS Capital
Series C (2014): $30M backed by Steamboat Ventures
Series D (2014): $100M with participation from Steamboat Ventures, Javelin Venture Partners, and Google Capital
Private Equity (2015): $125M led by Steamboat Ventures, CapitalG, Baillie Gifford, TriplePoint Venture Growth BDC, and Javelin Venture Partners
Private Equity (2019): $150M, investors not publicly disclosed
Unspecified (2021): $275M featuring Tiger Global Management, Sequoia Capital, CapitalG, G Squared, Blackstone Alternative Asset Management, Founders Circle Capital, Baillie Gifford, and Qatar Investment Authority
Debt (2024): $75M backed by Silicon Valley Bank and Hercules Capital
Key Investors in Thumbtack
Tiger Global Management
Tiger Global Management is an investment firm that deploys capital across public and private markets, founded in 2001 and headquartered in New York City.
Sequoia Capital
Sequoia Capital in India manages significant funds and invests across venture, growth, and late-stage opportunities, acting as an active partner to entrepreneurs. Globally, it has a strong track record of backing market leaders.
CapitalG
CapitalG is Alphabet's independent growth fund, investing capital and expertise in transformative companies to accelerate their growth, focusing on growth-stage companies with significant capital and operational support.
What's next for Thumbtack?
With its latest major strategic investment, Thumbtack is poised for accelerated growth and market expansion. The substantial capital infusion is expected to fuel further platform development, enhance service offerings, and potentially broaden its geographic reach. This funding round, characterized as enterprise-level, suggests a focus on scaling operations and solidifying its competitive advantage in the on-demand services sector. Thumbtack's strategic backing indicates a strong confidence from investors in its business model and future potential, likely leading to increased marketing efforts and technological advancements to better serve both consumers and service professionals.
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