# ServiceTitan

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/servicetitan

- Industry: Software
- Headquarters: Glendale, US
- Website: www.servicetitan.com/
- Total disclosed funding: $1.3B
- Latest round: Series H (Nov 22, 2022)
- Investors on record: 18

## About

Founded in 2007, and based in Glendale, CA, ServiceTitan, Inc. is a software company that provides a comprehensive platform tailored for the trades, enhancing operational efficiency and profitability for contractors in both commercial and residential sectors. ServiceTitan was co-founded by Ara Mahdessian and Vahe Kuzoyan. The company has raised a total of USD 1.55 billion across 11 rounds of funding. The core offerings include tools for dispatching, scheduling, call booking, marketing, and reporting, which empower contractors to enhance productivity and profitability. The platform consolidates essential functions into a single interface, allowing users to manage operations efficiently from job initiation through completion. Notably, ServiceTitan's integrations with over 70 leading commercial solutions—such as ServiceChannel, XOi, and Viewpoint Spectrum—further streamline workflows for service providers in the HVAC, plumbing, electrical, and other trades. This software is marketed primarily in North America, serving a diverse clientele that includes contractors, service providers, and construction firms. The company operates on a subscription-based revenue model, with pricing plans tailored to meet the diverse needs of its clients, establishing a B2B relationship for seamless billing and operational management. ServiceTitan plans to leverage its recent IPO, completed on December 3, 2024, where it raised USD 624.8 million by selling 8.8 million shares at USD 71, to expand its market reach and develop new product features. The company is looking to introduce enhancements to its platform and enter new markets, with specific plans for expanding its presence in the North American region. This capital will support the development of upcoming features as well as the scaling of operations to meet growing demand.

## Funding rounds

- Series H, Nov 22, 2022, $508M — TPG
- Series G, Jun 28, 2021, $200M — Battery Ventures, Index Ventures, Hong Shan, T Rowe Price, Thoma Bravo, Bessemer Venture Partners, Tiger Global Management, ICONIQ Capital, Dragoneer Investment Group
- Series F, Mar 25, 2021, $300M — Battery Ventures, Index Ventures, Hong Shan, T Rowe Price, Bessemer Venture Partners, Tiger Global Management, H.I.G. Growth Partners, ICONIQ Capital, Dragoneer Investment Group, Durable Capital Partners, Reform Ventures, Arena Holdings
- Series D, Nov 9, 2018, $150M — Battery Ventures, Index Ventures, T Rowe Price, Bessemer Venture Partners, ICONIQ Capital, Dragoneer Investment Group
- Series C, Feb 23, 2018, $50M — Battery Ventures, Bessemer Venture Partners, ICONIQ Capital, Hive Ventures
- Series B, Nov 22, 2016, $35M — Battery Ventures, Bessemer Venture Partners, I2BF, Mucker Capital, ICONIQ Capital
- Series A, Mar 15, 2015, $19M — Bessemer Venture Partners, I2BF, Mucker Capital, AMENALAV Group
- Seed, Jun 1, 2014 — I2BF, Mucker Capital, AMENALAV Group

## Investors

- I2BF (https://capitalatlas.ai/funds/i2bf) — Seed, Series A, Series B
- Mucker Capital (https://capitalatlas.ai/funds/mucker-capital) — Seed, Series A, Series B
- AMENALAV Group — Seed, Series A
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B, Series C, Series D, Series F, Series G
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series B, Series C, Series D, Series F, Series G
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series B, Series C, Series D, Series F, Series G
- Hive Ventures — Series C
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series D, Series F, Series G
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series D, Series F, Series G
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series D, Series F, Series G
- Hong Shan — Series F, Series G
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series F, Series G
- H.I.G. Growth Partners (https://capitalatlas.ai/funds/h-i-g-growth-partners) — Series F
- Durable Capital Partners — Series F
- Reform Ventures — Series F
- Arena Holdings (https://capitalatlas.ai/funds/arena-holdings) — Series F
- Thoma Bravo (https://capitalatlas.ai/funds/thoma-bravo) — Series G
- TPG (https://capitalatlas.ai/funds/tpg) — Series H