Thumbtack Secures $275 Million Investment at $3.2 Billion Valuation
Summary
SAN FRANCISCO--(BUSINESS WIRE)--Thumbtack, the modern home management platform, today announced it has secured a $275 million investment at a valuation of $3.2 billion. The round was led by Qatar Investment Authority (QIA) and joined by Blackstone Alternative Asset Management (BAAM) as well as G Squared. For Thumbtack, helping homeowners instantly book the right skilled professionals from plumbers and painters to landscapers and contractors is not just a one-time event, but the beginning of a long-term relationship. "Our instant results and differentiated matching experience make Thumbtack the best place to find and hire a pro who is qualified, interested and available — with nearly 90% of customers receiving a response from a service provider that they choose. Bringing the $500 billion home services industry online, Thumbtack empowers millions of homeowners to fix, maintain, and improve their most valuable asset.