ServiceTitan raises $500 mn led by Tiger Global and Sequoia Capital

ServiceTitan, a provider of software for the trades, announced a $500 million round led by Tiger Global Management and Sequoia Capital Global Equities.
ServiceTitanThere was participation from H.I.G. Growth Partners. Existing investors participated, including Arena Holdings, Battery Ventures, Bessemer Venture Partners, Dragoneer Investment Group, Durable Capital Partners, ICONIQ Growth, Index Ventures, and funds and accounts advised by T. Rowe Price Associates.

ServiceTitan serves more than 7,500 contracting businesses that collectively employ more than 100,000 technicians and perform more than $20 billion worth of annual transactions across various home and commercial service verticals, including plumbing, air conditioning, electrical, and more.