ServiceTitan Raises $62 Million in Series C Funding

By staff-author

March 23, 2018

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ServiceTitan, a Glendale-based software app for service professionals, announced $62 million in Series C funding. The funding round was led by Battery Ventures and will be used to expand the company from 400 to 500 employees by the end of the year, as well as for product enhancement and partnership expansion.

“We’re thrilled to deepen our partnership with Battery, who have decades of experience in specialized software markets,” said Ara Mahdessian, ServiceTitan co-founder and chief executive, in a statement.

ServiceTitan was founded in 2012 and is a mobile, cloud-based app used by home service companies such as plumbers, electricians and other HVAC professionals to organize their workflow and grow their businesses. Through the app, companies can market, access Quickbooks, and manage other customer service aspects of their business. ServiceTitan has more than two thousand customers and in September was named as one of Forbes’ Next Billion-Dollar Startups of 2017.

“We’re proud to have established partnerships with industry manufacturers and distributors like Honeywell who see the same potential in equipping tradespeople with a cutting-edge SaaS [software as a service] solution,” said ServiceTitan President and co- founder Vahe Kuzoyan

As part of the deal, Bessemer Venture Partners and ICONIQ Capital added to their existing investments. In addition, Battery Ventures partner Michael Brown will join the board.

Technology reporter Eli Horowitz can be reached at ehorowitz@labusinessjournal.com. Follow him on Twitter @coachhorowitz13 for the latest in L.A. tech news.

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