Startup News

ServiceTitan raises $165 million in Series D Funding from Venture Capital Group

ServiceTitan raises $165 million in Series D Funding from Venture Capital Group
ServiceTitan raises $165 million in Series D Funding from Venture Capital Group

ServiceTitan, that is a Los Angeles and California based applications supplier for the house business services has raised $165 Million from the financing round of series D.

This round will probably make the startup valued at $1.65 Billion and has been directed by the Index Ventures, Dragoneer, Bessemer Venture Partners, Battery Ventures and ICONIQ Capital. Post financing, Nina Achadjian in the Index Venture will probably be going to combine as the firm Board of Member.

The business will probably be going to utilize the capital for the growth its reach more house service companies.

The startup that’s set up in the year 2012 from the Ara Mahdessian, CEO, Vahe Kuzoyan, President, ServiceTitan is a cloud and portable based software platform that enables the house service organizations to streamline operations, improvise the client support and boost the earnings. It provides to incorporate the smart dispatch, marketing automation, portable solution for techies, CRM, customized reporting and bookkeeping integrations together with all the Sage Intacct and QuickBooks.

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The organization as of today has a customers foundation of 2500 which signify approximately 50000 technicians on the street, across many domains that comprises the Air Conditioning, Garage Door, Plumbing and others and is getting the group of over 600 workers across the Atlanta and Glendale.

“The ServiceTitan assignment has always been private to people,” said Ara Mahdessian, co-founder and CEO of ServiceTitan. “Our software forces the tireless people of dwelling services who guarantee the world gets the basic essentials of life: running water, relief from the scorching heat and biting cold, electricity and power, and much more. We take it for granted now, until our bathrooms back upour air conditioning moves out through the heat of summerour lights go out in the middle of night. These are the heroes that come into our rescue, and we are here to help them become efficient and successful.”

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“Ara and Vahe began ServiceTitan since they desired to fix the pain stage they believed that the very first hands conducting their fathers’ companies,” explained Achadjian. “Ever since that time, the business has revolutionized the way that plumbers, electricians, ac technicians and tens of thousands of others in different transactions operate their businesses. The best part is that ServiceTitan is only getting started. We couldn’t be more excited to become part of the travel to change the $400 billion dwelling services marketplace.”

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