Funding round
Thumbtack Series A
Thumbtack, which works in home improvement services marketplace facilitation in San Francisco, raised $4.5M in a Series A round announced on 1 Jan 2012, led by Javelin Venture Partners. 2 firms took part. It is Thumbtack's first venture round on record.
$4.5M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Thumbtack did not disclose a valuation in this round. It is Thumbtack's first venture round on record, 4 years after it was founded in 2008. It is under 1% of the $697M Thumbtack has raised in the venture rounds on record. Thumbtack raised again 17 months later: a Series B round of $13M in Jun 2013, at $47M post-money.
Thumbtack's funding rounds
Thumbtack has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Series A this round 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 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
Javelin Venture Partners led the round with 1 other firm.
Lead investor
- backs 46 venture-backed companies new investor
Also in the round
- MHS Capital new investor
Joined the board: Jed Katz (Javelin Venture Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, scaling operations and working capital.
- Hiring
- Scaling operations
- Working capital
Comparable rounds
How it compares
113 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $4.8M, and this round was close to the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 6 Jan 2012 | $6.0M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 24 Jan 2012 | $6.0M | not disclosed | BV Capital |
| Tech Companies | 1 Jan 2012 | $5.0M | not disclosed | SIG |
| Tech Companies | 18 Jan 2012 | $5.0M | not disclosed | Mayfield |
| Tech Companies | 4 Jan 2012 | $4.0M | not disclosed | Matrix and Atlas Ventures |
| Tech Companies | 6 Jan 2012 | $2.0M | not disclosed | not named |
| Tech Companies | 1 Jan 2012 | $2.0M | not disclosed | Runa Capital and Point Nine |
| Collibra Tech Companies | 1 Jan 2012 | $1.2M | not disclosed | Newion Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Thumbtack raise in its Series A round?
Thumbtack raised $4.5M in its Series A round, announced in Jan 2012.
Who led Thumbtack's Series A round?
Javelin Venture Partners led it, with MHS Capital.
What was Thumbtack's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
113 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $4.8M, and this round was close to the median.
Did Thumbtack raise again after this round?
Yes: a Series B round in Jun 2013 of $13M at $47M post-money.