# Handy Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/handy-technologies

- Industry: Internet
- Headquarters: New York, US
- Website: www.handy.com
- Total disclosed funding: $108M
- Latest round: Series C (Oct 14, 2015)
- Investors on record: 7

## About

Handy Technologies, Inc. provides a digital platform connecting users with home service professionals for cleaning and handyman tasks, enhancing home maintenance accessibility for clients.Founded in 2012 in New York, US, Handy Technologies, Inc. specializes in home services, having pivoted its offerings to a more comprehensive service model over the years. The firm was co-founded by N Scott, Umang Dua, and W. Scott, who have previously contributed to various ventures. Handy has participated in 9 total funding deals, with its most recent being a Series C round on October 11, 2018, led by Fidelity Investments, raising a total of USD 50.00 mn, bringing the total amount raised to USD 50.00 mn and achieving a current company valuation of USD 342.255 mn.Handy offers a comprehensive suite of home services, primarily focused on cleaning and handyman tasks. Their core product offerings include home cleaning, move-out cleaning, office cleaning, deep cleaning, and various handyman services such as furniture assembly, plumbing, electrical work, and outdoor projects. These services cater to homeowners and renters who seek reliable assistance in managing household tasks and improvements. Handy serves a diverse client base, including busy professionals, families, and property managers, across major metropolitan areas in the United States, Canada, and the United Kingdom, including cities like New York, Los Angeles, Chicago, Toronto, and London.Handy's revenue generation model is primarily transactional, where clients book services directly through their platform. Customers pay upfront for services provided by vetted professionals rated by prior users. This direct-to-consumer transaction structure allows for straightforward pricing and service availability. Handy's flagship offerings, particularly home cleaning and handyman services, significantly contribute to their revenue, reflecting the company's focus on quality home maintenance solutions.In October 2018, ANGI Homeservices Inc. agreed to acquire Handy Technologies, Inc. Financial terms of the deal were not disclosed. Handy plans to leverage its recent funding to enhance its service offerings and expand its market presence. The company is looking to introduce new products in response to customer demands and aims to expand into additional cities across the US, Canada, and the UK by 2020.

## Funding rounds

- Series C, Oct 14, 2015, $50M — Highland Capital Partners, TPG, General Catalyst Partners, Fidelity Investments, Revolution Ventures
- Series B, Dec 17, 2014, $15M — Highland Capital Partners, TPG, General Catalyst Partners, Revolution Ventures, Sound Ventures
- Series B, Sep 2, 2014, $1.8M — Highland Capital Partners, Revolution Ventures
- Series B, Jun 5, 2014, $30M — Highland Capital Partners, General Catalyst Partners, Revolution Ventures
- Series A, Oct 22, 2013, $9.2M — Highland Capital Partners, General Catalyst Partners
- Series A, Oct 16, 2012, $2.2M — Highland Capital Partners, General Catalyst Partners, BoxGroup

## Investors

- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series A, Series B, Series C
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A, Series B, Series C
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Series A
- Revolution Ventures (https://capitalatlas.ai/funds/revolution-ventures) — Series B, Series C
- TPG (https://capitalatlas.ai/funds/tpg) — Series B, Series C
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Series B
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series C