The round was led by Canvas Ventures and Plural with participation from angel investors Tony Xu, Thomas Layton, and Allison Pickens. Led by CEO Dan Laufer, PipeDreams is a tech-enabled home services provider. The company acquires businesses in local markets, employs all its tradespeople, and integrates its proprietary technology stack to improve their earnings, productivity, and quality of life while continuing to deliver services for customers. PipeDreams companies operate in the San Francisco Bay Area; the California Central Coast; Southern California; Tucson, Arizona; Denver, Colorado; and McAllen, Texas. Commenting on the news, Dan Laufer said: “The rise of vertical SaaS has been a boon for many service industries, but in talking to owners and consumers we found that a software layer alone doesn’t go deep enough to streamline operations or deliver reliable service for customers.“