Thumbtack secured $75 million in debt financing from Silicon Valley Bank and Hercules Capital to enhance liquidity and capital for its operations in the home services industry.

Jul 31, 2024•over 1 year ago

Amount Raised

$75 Million

San FranciscoSoftwareHome Services

Investors

Hercules CapitalSilicon Valley Bank

Description

Thumbtack announced a $75 million financing from Silicon Valley Bank and Hercules Capital to support its operations. This financing allows Thumbtack to continue advancing its technology offerings in the $600 billion home services sector.

Company Information

Company

Thumbtack

Location

San Francisco, California, United States

About

Thumbtack is a technology company helping millions of people confidently care for and improve their homes. The company provides personalized guidance to homeowners on home maintenance and improvement and connects them with a growing community of 300,000 local service businesses.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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