Funding round
Thumbtack Series C
Thumbtack, which works in home improvement services marketplace facilitation in San Francisco, raised $30M in a Series C round announced on 22 May 2014, led by Sequoia Capital. 3 firms took part. It is Thumbtack's third venture round on record; the one before was a Series B in Jun 2013.
$30M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Thumbtack did not disclose a valuation in this round; its last disclosed one was $47M at the Series B (Jun 2013). It came 11 months after Thumbtack's Series B. It is 4.3% of the $697M Thumbtack has raised in the venture rounds on record. Thumbtack raised again 3 months later: a Series D round of $100M in Aug 2014. Its next priced round, a Growth in Sep 2015, valued it at $1.25B.
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 this round 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
Sequoia Capital led the round with 2 other firms.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- Tiger Global backs 391 venture-backed companies new investor
- backs 46 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
86 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 1.5 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automattic Tech Companies | 5 May 2014 | $160M | $1.16B | Insight Partners |
| Addepar Tech Companies | 13 May 2014 | $50M | $272M | Valor and Craft Ventures |
| Netskope Tech Companies | 15 May 2014 | $35M | $200M | Accel |
| Tech Companies | 1 May 2014 | $20M | not disclosed | Sapphire Ventures |
| Tech Companies | 1 May 2014 | $8.6M | not disclosed | not named |
| Tech Companies | 1 Jun 2014 | $100M | $500M | Sequoia Capital |
| MediaMath Tech Companies | 3 Jun 2014 | $74M | not disclosed | Spring Lake Equity Partners |
| Tech Companies | 21 Apr 2014 | $70M | not disclosed | Foundation Capital |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Thumbtack raise in its Series C round?
Thumbtack raised $30M in its Series C round, announced in May 2014.
Who led Thumbtack's Series C round?
Sequoia Capital led it, with Tiger Global and Javelin Venture Partners.
What was Thumbtack's valuation at the Series C round?
It was not disclosed; its last disclosed one was $47M at the Series B (Jun 2013).
How does it compare with other Series C rounds in Tech Companies?
86 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 1.5 times the median.
Did Thumbtack raise again after this round?
Yes: a Series D round in Aug 2014 of $100M.