ServiceTitan Announces Funding to Help Increase Use of Its Home Service Business Software
Company continues to advance its software for the HVAC, plumbing, and electrical markets
GLENDALE, Calif. — ServiceTitan, a mobile, cloud-based management platform for home service businesses, announced an $18 million Series A funding round led by Bessemer Venture Partners, at a post-money valuation of roughly $100 million. ServiceTitan said its platform helps service companies streamline operations, improve customer service, and grow revenue, bringing modern technology infrastructure to an industry traditionally underserved by software.
“With over $1 billion processed in transactions a year, we’re expanding rapidly and investing in providing more capabilities and support to our customers, residential home service companies in the HVAC, plumbing, and electrical industries, which currently lack effective, modern software solutions,” said ServiceTitan CEO Ara Mahdessian. “Our customers will always be an extension of the ServiceTitan family, and it’s our commitment to them and their needs that constantly drives how we evolve the software and our company.”