ServiceTitan was founded in 2012 by Mahdessian and Kuzoyan, both sons of tradesmen who discovered their fathers' professions were vastly underserved by the types of digital tools that were disrupting numerous other industries. This financing will help us stay vigilant and continue to meet the evolving needs of our customers." "We believe that an extraordinary customer experience isn't something that is built once, but is continuously examined and refined. "In a single year, we have doubled our customer base and grown a customer success infrastructure no one else is offering the home-services industry," said Mahdessian.
"We're proud to have established partnerships with industry manufacturers and distributors like Honeywell who see the same potential in equipping tradespeople with a cutting-edge SaaS solution," says ServiceTitan President and co-founder Vahe Kuzoyan. The company intends to use the capital to bring new features to its platform, deepen its investment in its industry-leading customer support, expand its offerings to more segments of the home services sector, and solidify key partnerships with wholesalers, manufacturers and other collaborators in the industry.
62M ICONIQ GROWTHSAWERSVENTUREBEAT SOFTWARE
ServiceTitan provides a state-of-the-art software platform that allows home-service businesses to effortlessly manage and streamline their operations, improve customer service and grow their business. "We're thrilled to deepen our partnership with Battery, who have decades of experience in specialized software markets," said Ara Mahdessian, co-founder and CEO of ServiceTitan. As part of the transaction, Battery General Partner Michael Brown will join ServiceTitan's board. Existing investors Bessemer Venture Partners and ICONIQ Capital also participated in the financing.
62M ICONIQ GROWTHSAWERSVENTUREBEAT SERIES
Please email Sarah Stebbins ( with any questions.ServiceTitan, the leading provider of workflow and field service management software for home-service businesses, including residential plumbing, HVAC, electrical service providers, and garage door installers, has raised $62 million in Series C funding in a round led by Battery Ventures.
They are round-agnostic and centered on backing product-focused founders building category-defining businesses such as Datadog, Snowflake, Robinhood, Miro, Adyen, Blackline, Chime, Gitlab, Procore, Benchling, Komodo, Calendly, along with 60+ others.
Their investments range from $10-$400M+ and are focused on providing growth capital to leading technology businesses. ICONIQ Growth invests and partners with exceptional entrepreneurs and leaders to effect global impact and change via a structurally differentiated platform of entrepreneurs backing entrepreneurs.
ICONIQ Capital’s advisory board and network includes global entrepreneurs and operators such as Reid Hoffman, Mark Zuckerberg, Jerry Yang, Anne Mulcahy, and many other notable executives of Global 2000 brands. ICONIQ Growth is a $9B+ direct-investment technology-investing fund affiliated with ICONIQ Capital. If interested in the analyst program, please send a resume and transcript to Sarah Stebbins ( Growth: ICONIQ Growth is opportunistically hiring an additional full-time analyst to join their growth equity tech investing team in August 2021.
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