Business

Service marketplace Thumbtack grabs $100M from Google Capital & others

Thumbtack
Image Credit: Thumbtack/Instagram
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Thumbtack, a marketplace for services, has raised a new $100 million round of funding, the company announced today.

Thumbtack’s marketplace allows trade professionals to sell their services directly to customers. It offers a broad variety of services, including painting, tutoring, plumbing, and much more. Customers also benefit from being able to compare different service pros, pricing, and the like.

The startup said it plans to use the new capital to grow its business, promote its marketplace, and hire additional engineers.

Google Capital, the late-stage investment arm of search giant Google, led the round. Existing investors Tiger Global Management, Sequoia Capital, and Javelin Venture Partners also participated.

Founded in 2009, the San Francisco, Calif.-based startup has raised a total of $148.2 million in funding to date. Thumbtack competes with established service marketplace rivals like HomeAdvisor and a handful of others.

More information:

Thumbtack is an internet marketplace for local services, launched in December 2009.Thumbtack allows service providers and consumers to find each other and negotiate jobs online. In August 2010, CEO Marco Zappacosta claimed Thumbtack ha... read more »

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