ServiceTitan
ServiceTitan is a privately held startup based out of Glendale, California that sells a work management software platform for home services companies and contractors in areas such as plumbing and electrical work[1][2]. ServiceTitan was founded in 2012 by Ara Mahdessian and Vahe Kuzoyan, who were joined in 2018 by former Netflix Executive David Burt as CFO.[3][4] In 2018, Armenia's Deputy Prime Minister Tigran Avinyan led a delegation of government officials to the United States to negotiate and solidify investment agreements between the U.S. and Armenia that started at ServiceTitan's headquarters and ended in investment agreements between the two countries worth $30.5 million.[5]
Funding[edit]
ServiceTitan is valued at $1.65 billion, giving it "Unicorn" status, and has raised a total of $326 million.[6][7] In March of 2018, the company raised $62 million in Series C[8], and in November 2018 the company raised $165 million in Series D led by Index Ventures, with participation from Dragoneer and T. Rowe Price.[9] ServiceTitan covers roughly 20% of the market across the U.S. and Canada, as of November 2018.[10]
Acquisitions[edit]
In 2018, ServiceTitan acquired JaRay Software Inc., a 40-year old business management system based in Kansas.[11][12]
References[edit]
- ↑ "ServiceTitan is LA's least likely contender to be the next billion-dollar startup". TechCrunch. Retrieved 2018-11-16.
- ↑ "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 2018-11-30.
- ↑ "ServiceTitan Names Former Netflix Executive David Burt CFO". Retrieved 2018-11-30.
- ↑ "Software For Plumbers and Electricians is a $1.7B Business". Bloomberg.
- ↑ "Avinyan Solidifies $30.5 Million Investment Agreements During U.S., Canada Visit | Asbarez.com". asbarez.com. Retrieved 2018-11-16.
- ↑ "ServiceTitan raises $165M for its home services software, now valued at $1.65B". TechCrunch. Retrieved 2018-11-16.
- ↑ "ServiceTitan". Crunchbase.
- ↑ "ServiceTitan Raises $62 Million in Series C Funding | Los Angeles Business Journal". labusinessjournal.com. Retrieved 2018-11-16.
- ↑ www.bizjournals.com https://www.bizjournals.com/losangeles/news/2018/11/14/software-for-plumbers-and-electricians.html. Retrieved 2018-12-10. Missing or empty
|title=(help) - ↑ "ServiceTitan raises $165m to end bummers for all the plumbers". The Hustle. 2018-11-15. Retrieved 2018-11-16.
- ↑ "ServiceTitan Announces Acquisition of JaRay Software". CONTRACTOR. 2018-11-08. Retrieved 2018-11-30.
- ↑ "ServiceTitan Acquires JaRay Software Inc". www.achrnews.com. Retrieved 2018-12-11.
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