Funding round
Thumbtack Series D
Thumbtack, which works in home improvement services marketplace facilitation in San Francisco, raised $100M in a Series D round announced on 20 Aug 2014, led by CapitalG. 4 firms took part. It is Thumbtack's fourth venture round on record; the one before was a Series C in May 2014.
$100M
Amount raised
Not disclosed
Post-money valuation
4
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 3 months after Thumbtack's Series C. It is 14% of the $697M Thumbtack has raised in the venture rounds on record. Thumbtack raised again 13 months later: a Growth round of $125M in Sep 2015, at $1.25B 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 this round 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
CapitalG led the round with 3 other firms.
Lead investor
- CapitalG backs 70 venture-backed companies new investor
Also in the round
- Tiger Global Management new investor
- Sequoia Capital backs 589 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
39 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 3.3 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Druva Tech Companies | 7 Aug 2014 | $25M | not disclosed | Sequoia Capital |
| Tech Companies | 8 Jul 2014 | $30M | not disclosed | NGP Capital |
| Tech Companies | 22 Jul 2014 | $27M | not disclosed | QuestMark Partners |
| Tech Companies | 29 Jul 2014 | $24M | not disclosed | Fung Capital and Silver Lake Waterman |
| Houzz Tech Companies | 1 Oct 2014 | $165M | $2.30B | Sequoia Capital |
| Tech Companies | 3 Jun 2014 | $34M | not disclosed | Insight Partners |
| Tech Companies | 18 Jun 2014 | $26M | not disclosed | Harmony Partners |
| Tech Companies | 7 Oct 2014 | $25M | not disclosed | Catalyst Investors |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Thumbtack raise in its Series D round?
Thumbtack raised $100M in its Series D round, announced in Aug 2014.
Who led Thumbtack's Series D round?
CapitalG led it, with Tiger Global Management, Sequoia Capital and Javelin Venture Partners.
What was Thumbtack's valuation at the Series D round?
It was not disclosed; its last disclosed one was $47M at the Series B (Jun 2013).
How does it compare with other Series D rounds in Tech Companies?
39 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 3.3 times the median.
Did Thumbtack raise again after this round?
Yes: a Growth round in Sep 2015 of $125M at $1.25B post-money.