Funding round
Thumbtack Growth
Reported as "Growth Equity"
Thumbtack, which works in home improvement services marketplace facilitation in San Francisco, raised $125M in a Growth round announced on 29 Sep 2015, led by Baillie Gifford, at a $1.25B post-money valuation. 4 firms took part, 3 of them already investors. It is Thumbtack's fifth venture round on record; the one before was a Series D in Aug 2014.
$125M
Amount raised
$1.25B
Post-money valuation
$1.13B pre-money
4
Investors
1 lead
27x
Step-up from the Series B
$47M in Jun 2013
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Thumbtack at $1.25B after the new money, 26.6 times the $47M of its Series B (Jun 2013). The $125M bought investors about 10% of the company. It came 13 months after Thumbtack's Series D. It is 18% of the $697M Thumbtack has raised in the venture rounds on record. Thumbtack raised again 46 months later: a Growth round of $150M in Jul 2019, at $1.70B post-money.
Thumbtack's funding rounds
Thumbtack has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 1 Jan 2012, led by Javelin Venture Partners $4.5M
- Series B 13 Jun 2013, led by Sequoia Capital $13M$47M post-money
- Series C 22 May 2014, led by Sequoia Capital $30M
- Series D 20 Aug 2014, led by CapitalG $100M
- Growth this round 29 Sep 2015, led by Baillie Gifford $125M$1.25B post-money
- Growth 22 Jul 2019, led by Sequoia Capital $150M$1.70B post-money
- Growth 15 Jun 2021, led by Qatar Investment Authority, Blackstone and G Squared $275M$3.20B post-money
- Debt not a venture round 31 Jul 2024, led by Hercules Capital $75M
Investors
Who put money in
Baillie Gifford led the round with 3 other firms. Tiger Global, CapitalG and Sequoia Capital had backed Thumbtack before.
Lead investor
- Baillie Gifford new investor
Also in the round
- Tiger Global backs 391 venture-backed companies existing investor
- CapitalG backs 70 venture-backed companies existing investor
- Sequoia Capital backs 589 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
59 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $33M, and this round was 3.8 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 28 Sep 2015 | $60M | not disclosed | Warburg Pincus |
| Tech Companies | 10 Sep 2015 | $30M | not disclosed | Susquehanna Growth Equity |
| Tech Companies | 13 Aug 2015 | $123M | not disclosed | JMI Equity |
| Tech Companies | 12 Oct 2015 | $100M | $650M | not named |
| Tech Companies | 13 Oct 2015 | $45M | not disclosed | FTV Management Company |
| GreyOrange Tech Companies | 10 Aug 2015 | $30M | not disclosed | Tiger Global Management |
| Tech Companies | 15 Oct 2015 | $25M | not disclosed | Goldman Sachs |
| Tech Companies | 5 Aug 2015 | $12M | not disclosed | TVC Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Thumbtack raise in its Growth round?
Thumbtack raised $125M in its Growth round, announced in Sep 2015.
Who led Thumbtack's Growth round?
Baillie Gifford led it, with Tiger Global, CapitalG and Sequoia Capital.
What was Thumbtack's valuation at the Growth round?
$1.25B post-money ($1.13B pre-money).
How does it compare with other Growth rounds in Tech Companies?
59 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $33M, and this round was 3.8 times the median.
Did Thumbtack raise again after this round?
Yes: a Growth round in Jul 2019 of $150M at $1.70B post-money.