Thumbtack (website)

Last updated
Thumbtack
Thumbtack logo black RGB.png
Type of business Private
Type of site
Consumer service
Available in English
Founded2008;14 years ago (2008) [1]
Headquarters San Francisco, California
Founder(s)
CEOMarco Zappacosta
URL thumbtack.com
RegistrationOptional
Current statusActive

Thumbtack is an American home services website. It is an online directory that allows users to search for, rate, and hire local service providers to work on a variety of personal projects, including home improvement, financial and legal services, and event planning. The company is backed by Sequoia Capital, Tiger Global Management, Javelin Venture Partners, Baillie Gifford, and Capital G, among others.

Contents

Early years

Thumbtack was founded in 2008 by Marco Zappacosta, Jeremy Tunnell, Jonathan Swanson, and Sander Daniels. [2]

Investment

In June 2010, Thumbtack.com raised $1.2 million in funding, primarily from angel investors. [3] In January 2012, Thumbtack raised another $4.5 million through a Series A round of venture capital funding. [4] In June 2013, Thumbtack raised an additional $12.5 million through a Series B round of venture capital funding. [5] In May 2014, Thumbtack raised $30 million through a Series C round of venture capital funding from Sequoia Capital and Tiger Global Management. [6] In August 2014, Thumbtack raised $100 million through a Series D round of venture capital funding, led by Google Capital. [7] In September 2015, Thumbtack raised $125 million of venture capital funding, led by Baillie Gifford. [8]

In July 2019 the company secured $150 million in Series F at a valuation of nearly $1.7 billion. [9]

In July 2021 the company raised $275 million at a $3.2 billion valuation. [10]

Competitors

Thumbtack's major competitors include Yelp, HomeAdvisor, Angi and TaskRabbit.

Related Research Articles

Sequoia Capital is an American venture capital firm. The firm is headquartered in Menlo Park, California and mainly focuses on the technology industry. It was the most active VC fund company in India in 2019.

Accel (company) Venture capital firm

Accel, formerly known as Accel Partners, is an American venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional operating funds in London, India and China.

Lightspeed Venture Partners is a global venture capital firm focusing on multi-stage investments in the enterprise, consumer, and health sectors. Lightspeed invests in seed, early and growth-stage companies.

Andreessen Horowitz is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California.

Anaplan is a business planning software company headquartered in San Francisco, California. Anaplan sells subscriptions for cloud-based business-planning software and provides data for decision-making purposes.

Udemy American online learning platform

Udemy, Inc. is a for-profit massive open online course (MOOC) provider aimed at professional adults and students. It was founded in May 2010 by Eren Bali, Gagan Biyani, and Oktay Caglar.

Stripe (company) Irish/American payment technology company

Stripe, Inc. is an Irish-American financial services and software as a service (SaaS) company dual-headquartered in San Francisco, United States and Dublin, Ireland. The company primarily offers payment processing software and application programming interfaces (APIs) for e-commerce websites and mobile applications.

Wise is a London-based financial technology company founded by Estonian businessmen Kristo Käärmann and Taavet Hinrikus in January 2011.

Blockchain.com is a cryptocurrency financial services company. The company began as the first Bitcoin blockchain explorer in 2011 and later created a cryptocurrency wallet that accounted for 28% of bitcoin transactions between 2012 and 2020. It also operates a cryptocurrency exchange and provides institutional markets lending business and data, charts, and analytics.

CapitalG is a private equity firm under Alphabet Inc. Founded in 2013, it focuses on larger, growth-stage technology companies, and invests for profit rather than strategically for Google. In addition to capital investment, CapitalG's approach includes giving portfolio companies access to Google's people, knowledge, and culture to support the companies' growth and offer them guidance.

Valar Ventures is a US-based venture capital fund founded by Andrew McCormack, James Fitzgerald and Peter Thiel. Historically, the majority of the firm's investments have been in technology startups based outside of Silicon Valley, including in Europe, the UK, the US and Canada. Valar Ventures originally spun out of Thiel Capital, Peter Thiel's global parent company based in San Francisco, and is now headquartered near Madison Square in Manhattan. The firm's namesake is the Valar of J. R. R. Tolkien's legendarium, who are god-like immortal spirits that chose to enter the mortal world to prepare it for their living creations.

Carousell (company) Mobile and online marketplace

Carousell is a Singaporean smartphone and web-based consumer to consumer and business to consumer marketplace for buying and selling new and secondhand goods. Headquartered in Singapore, it also operates in Malaysia, Indonesia, the Philippines, Cambodia, Taiwan, Hong Kong, Macau, Australia, New Zealand and Canada. Carousell is available on both iOS and Android devices.

Bolt (company) Peer-to-peer ridesharing, food delivery

Bolt is an Estonian mobility company that offers vehicle for hire, micromobility, car-sharing, and food delivery services headquartered in Tallinn and operating in over 400 cities in over 45 countries in Europe, Africa, Western Asia and Latin America. The company has 100 million customers globally and more than 2.5 million drivers use the Bolt Driver platform to offer rides.

Oscar Health, Inc. is an American health insurance company, founded in 2012 by Joshua Kushner and Mario Schlosser, and is headquartered in New York City. The company focuses on the health insurance industry through telemedicine, healthcare focused technological interfaces, and transparent claims pricing systems which would make it easier for patients to navigate.

Dataiku

Dataiku is an artificial intelligence (AI) and machine learning company which was founded in 2013. In December 2019, Dataiku announced that CapitalG - the late-stage growth venture capital fund financed by Alphabet Inc. - joined Dataiku as an investor and that it had achieved unicorn status. As of 2021, Dataiku is valued at $4.6 billion. Dataiku currently employs more than 1000 people worldwide between offices in New York, Paris, London, Munich, Sydney, Singapore, and Dubai.

Zilingo is a technology and commerce platform in the fashion industry.

Roofstock is an Oakland-based Fin-tech startup founded by Gary Beasley who serves as the CEO, Gregor Watson who serves as the Chairman and Rich Ford who serves as the Chief Development Office. The startup was established in 2015.

ezCater is a Boston-based company that connects businesses with restaurants and caterers through an online marketplace. It was co-founded by Stefania Mallett, CEO, and Briscoe Rodgers, Chief Strategy Officer, in 2007.

Tiger Global Management American investment firm

Tiger Global Management, LLC is an American investment firm. It mainly focuses on Internet, software, consumer, and financial technology industries.

References

  1. Michael Guta (July 28, 2020). "12 Thumbtack's New Instant Results Feature Matches Customers with Service Pros Fast". Small Business Trends . Retrieved March 12, 2020.
  2. "Thumbtack, a marketplace for local services, raises $30 million". Silicon Valley Business Journal. Retrieved 2021-08-20.{{cite web}}: CS1 maint: url-status (link)
  3. "Well-known angels back local services startup Thumbtack.com". VentureBeat. 2010-06-09. Retrieved 2020-02-09.
  4. "Local Services Marketplace Thumbtack Raises $4.5 Million". TechCrunch. Retrieved 2020-02-09.
  5. "Thumbtack Partners with Sequoia to Reimagine Local Services". Thumbtack Journal. 2013-06-13. Retrieved 2020-02-09.
  6. "Local Services Marketplace Thumbtack Raises $30 Million". TechCrunch. Retrieved 2020-02-09.
  7. Mac, Ryan. "How Thumbtack Plans To Be Your One-Stop Local Services Shop For Plumbers, Chefs And Belly Dancers". Forbes. Retrieved 2020-02-09.
  8. Benner, Katie. "Thumbtack Raises New Funding at a $1.3 Billion Valuation". bits.blogs.nytimes.com. Retrieved September 30, 2015.
  9. "Thumbtack raises $150 million for its local services marketplace". TechCrunch. Retrieved March 12, 2021.
  10. "Home services platform Thumbtack raises $275M on a $3.2B valuation to double down on home management". TechCrunch. Retrieved 2021-08-22.