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- Thumbtack
Thumbtack Revenue, Valuation, Funding & Investors
Thumbtack is valued at $3.2B as of June 2021.
Last Thumbtack valuation
$3.2B
Series G · Jun 2021
Last Thumbtack funding round
$275M
Series G · Jun 2021
Thumbtack revenue
$400M
Series F · Jul 2019
Key investors in Thumbtack
Sequoia Capital
Tiger Global
Javelin Venture Partners
Baillie Gifford
CapitalG
Blackstone
About Thumbtack
Thumbtack is a San Francisco-headquartered online marketplace linking homeowners with local professionals for home services including repairs, improvements, and events. It guides users with tailored project advice and hire recommendations drawn from a network exceeding 300,000 service businesses across the United States, while analyzing bid data to deliver accurate project cost insights.
Founded
2008
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$400M (Jul 2019)
Valuation
$3.2B (Jun 2021)
Thumbtack Valuation
Thumbtack is currently valued at $3.2B, based on its Series G in June 2021.
The $275M round was led by Qatar Investment Authority, with participation from Baillie Gifford, Blackstone, Founders Circle Capital, G Squared, CapitalG and 2 other investors.
Thumbtack's valuation has grown 68x from $47M at its Series B in June 2013 to $3.2B in June 2021, across 5 priced rounds.
Thumbtack valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2021 | Series G | $3.2B | - |
| Jul 2019 | Series F | $1.7B | 4.3x |
| Sep 2015 | Series E | $1.3B | 3.3x |
| Aug 2014 | Series D | $804M | - |
| Jun 2013 | Series B | $47M | - |
Thumbtack Revenue
Thumbtack's latest recorded revenue is $400M, as of its Series F in July 2019. At a $1.7B valuation, that implies a 4.3x revenue multiple.
Revenue moved from $400M in September 2015 to $400M in July 2019, while the revenue multiple moved from 3.3x to 4.3x.
Thumbtack revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2019 | $400M | $1.7B | 4.3x | Series F |
| Sep 2015 | $400M | $1.3B | 3.3x | Series E |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Thumbtack Funding History
Thumbtack has raised a total of $693M across 6 funding rounds.
Thumbtack's first fundraising round was a $13M Series B in June 2013. The most recent completed round was a $275M Series G in June 2021.
Thumbtack funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2021 | Series G | Qatar Investment Authority (lead); Baillie Gifford; Blackstone; Founders Circle Capital; G Squared; CapitalG; Sequoia Capital; Tiger Global | $275M | $3.2B | Thumbtack is a technology platform connecting homeowners with local service professionals for home maintenance, repairs, and improvements, operating as a modern home management app across every U.S. county. The company raised $275 million in a late-stage funding round on June 15, 2021, led by Qatar Investment Authority with participation from Blackstone Alternative Asset Management (BAAM), G Squared, and existing investors Baillie Gifford, CapitalG, Founders Circle Capital, Sequoia Capital, and Tiger Global Management. This Series I round valued Thumbtack at $3.2 billion post-money, up nearly double from its prior $100 million+ round in 2019, with funds allocated to accelerate innovation, growth, and platform adoption including mobile features and instant booking. The investment came amid strong pandemic-driven demand, with Thumbtack reporting over 50% revenue growth in the last 12 months prior to the announcement and projecting more than $2 billion in gross revenue generated for service providers in 2021. The platform facilitated millions of homeowner projects and supported hundreds of thousands of professionals building businesses, positioning Thumbtack to capture part of the $500 billion U.S. home services market by digitizing it. Total funding raised reached approximately $682-698 million cumulatively. Thumbtack's momentum positioned it as an IPO candidate, though no immediate plans were confirmed, with leadership emphasizing sustained acceleration through 2020-2021. The round included both primary and secondary capital, with recent Delaware filings authorizing over $158 million in new shares. |
| Jul 2019 | Series F | Sequoia Capital (lead); Baillie Gifford | $150M | $1.7B | Thumbtack is a US-based online marketplace connecting customers with local service professionals, such as handymen, tax lawyers, dog walkers, and translators, across more than 1,000 categories. Founded in 2008, the platform has evolved its business model to automatically generate quotes based on customer needs and location, charging professionals a fee only when customers contact them after receiving a quote. In July 2019, Thumbtack raised $150 million in a Series H round led by Sequoia Capital, with participation from Baillie Gifford, valuing the company at $1.7 billion post-money and bringing total funding to over $420 million. The funding came after a challenging period where Thumbtack rewrote its backend, created a new frontend, and pivoted its business model, leading to reaccelerated growth. Prior to this round, a regulatory filing indicated plans to raise $120 million at a flat $1.3 billion valuation, unchanged from its 2015 Series G round of $125 million led by Baillie Gifford. Earlier rounds included a $100 million Series D in 2014 led by CapitalG (then Google Capital), with backers like Sequoia, Tiger Global Management, Javelin Venture Partners, and Draper Associates. Thumbtack operates nationwide in the US, empowering small businesses and service providers. The 2019 proceeds were earmarked for business growth, developing new tools and products, and aggressively expanding headcount. CEO Marco Zappacosta noted the investment would accelerate infrastructure to help small businesses run and grow. Reports suggested this could be the last private round before a potential IPO, amid pressure on aging unicorns to pursue liquidity. |
| Sep 2015 | Series E | Baillie Gifford (lead); CapitalG; Sequoia Capital; Javelin Venture Partners; Tiger Global | $125M | $1.3B | Thumbtack, founded in 2008, operates a platform connecting customers with local service professionals such as electricians, yoga instructors, personal trainers, and plumbers for services ranging from home improvement to event planning and tutoring. It facilitates custom project quotes, handles marketing and job listings, and charges professionals a fee per bid or contact, enabling over 200,000 active pros to serve nearly 5 million customer projects annually. The platform targets the massive U.S. local services market, estimated at $500-750 billion, where Thumbtack was delivering more than $1 billion worth of business to professionals at the time of the round. On September 29, 2015, Thumbtack raised $125 million in a round led by Baillie Gifford, with participation from prior investors including Sequoia Capital, Tiger Global, Google Capital (now CapitalG), and Javelin Venture Partners, pushing total funding to $273.2 million. This investment valued the company at $1.3 billion post-money, up from $750 million the prior year after a $100 million round, catapulting it into unicorn status. Baillie Gifford, managing $173 billion in assets, brought a long-term investment approach to support Thumbtack's ambition to build a big, independent business. Sequoia partner Bryan Schreier highlighted the opportunity in the untapped $500 billion+ market. The company aimed to expand tools like CRM, invoicing, and services such as childcare and elderly care to evolve beyond introductions into an end-to-end solution for pros. This 2015 round marked Thumbtack's entry into the billion-dollar club, amid a wave of similar unicorns. Later developments included a 2021 $275 million raise at $3.2 billion valuation led by Qatar Investment Authority, with participation from Blackstone and prior backers, to fuel growth toward a public listing. |
| Aug 2014 | Series D | CapitalG (lead); Sequoia Capital; Javelin Venture Partners; Tiger Global | $100M | $804M | Thumbtack is an online services marketplace connecting customers with local professionals for home services and other gigs, operating as a pioneer in the gig economy. This followed a May 2014 Series E round of $30 million at $230 million valuation. The Series F marked significant growth for Thumbtack, increasing valuation from prior rounds amid expansion in the U.S. local services market. Subsequent rounds included a September 2015 Series G of $125 million at $1.3 billion valuation led by Baillie Gifford. Thumbtack continued raising capital, reaching nearly $300 million in combined debt and equity by 2019, with later rounds like $150 million in 2019 at ~$1.7 billion and $275 million in 2021 at $3.2 billion involving similar investors including CapitalG, Sequoia, and Tiger Global. |
| May 2014 | Series C | Sequoia Capital; Javelin Venture Partners; Tiger Global | $30M | - | Thumbtack is an online marketplace connecting customers with local service professionals for home services, events, wellness, and lessons. In May 2014, it raised $30 million in a Series C venture funding round from Sequoia Capital, Tiger Global Management, and Javelin Venture Partners. This followed a $12.5 million Series B in June 2013 and preceded a $100 million Series D in August 2014 led by Google Capital. Later financials show significant growth: $400 million revenue in fiscal year 2024, over 50% year-over-year gross revenue growth in 2021 with expectations to facilitate $2 billion in transactions, and $231.1 million or $300 million in estimated annual revenue from other reports. Subsequent rounds included $125 million Series E in 2015, $150 million Series F in 2019 at nearly $1.7 billion valuation, and $275 million in 2021 at $3.2 billion valuation led by Qatar Investment Authority with participation from Sequoia and Tiger Global. In 2024, Thumbtack secured $75 million debt financing and launched AI-enhanced features and real estate services. The platform supports 300,000 professionals, has facilitated over 80 million projects, and serves 10 million active customers as of recent years. |
| Jun 2013 | Series B | Sequoia Capital (lead); Javelin Venture Partners | $13M | $47M | Thumbtack, a marketplace connecting local service providers with customers, raised a $12.5 million Series B (also referred to as Series D in some sources) round on June 13, 2013, led by Sequoia Capital, with participation from Javelin Venture Partners and MHS Capital. This brought total funding to $18.2 million. The post-money valuation was $46.5 million. At the time, Thumbtack had over 250,000 service providers across all 50 U.S. states, with 20,000 paying monthly, and was facilitating $300 million in annualized service requests without a dedicated sales and marketing team. Popular categories included cleaning, event services, and home improvement. |
Who has invested in Thumbtack?
9 investors have backed Thumbtack across its funding rounds, including Sequoia Capital, Tiger Global, Javelin Venture Partners, Baillie Gifford, CapitalG and Blackstone.
Lead investors include Qatar Investment Authority, Sequoia Capital, Baillie Gifford and CapitalG.
Thumbtack Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Lead | Jun 2013 | ||
| 4 | Participant | Jun 2013 | ||
| 4 | Participant | May 2014 | ||
| 3 | Lead | Sep 2015 | ||
| 3 | Lead | Aug 2014 | ||
| 1 | Lead | Jun 2021 | ||
| 1 | Participant | Jun 2021 | ||
This data is available for Pro users. Sign up to see all 9 Thumbtack investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Thumbtack
Thumbtack has acquired 2 companies to date.
Last acquisition by Thumbtack was on December 8th 2020. Thumbtack acquired Setter for undisclosed valuation.
Latest Acquisitions by Thumbtack
| Description | Setter is a New York City-based platform connecting homeowners with vetted professionals for home maintenance, repairs, and renovations. Launched in 2021, it offers services including plumbing, electrical work, HVAC installations, and general handyman tasks through an app that matches users with local experts. The company guarantees workmanship with insurance coverage up to $2 million per job and provides upfront pricing with no hidden fees. Setter serves major U.S. markets like Boston, Philadelphia, and Washington D.C., handling over 50,000 projects annually with a network of 5,000 technicians. | HeartThis is an online shopping aggregator that curates products and sales from retailers like Macy's and Nordstrom in a unified interface. San Francisco-headquartered and backed by Freestyle Capital and 500 Startups, it employs recommendation algorithms to surface personalized deals and wishlists. |
| HQ Country | ||
| HQ City | Toronto | San Francisco, CA |
| Deal Date | 8 Dec 2020 | 3 Sep 2015 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Thumbtack acquisitions and their M&A valuation multiples. Start Free Trial | ||
Investments by Thumbtack
Thumbtack has invested in 2 companies to date.
Latest investment by Thumbtack was on May 8th 2023. Thumbtack invested in PermitFlow in their $6M Seed round.
Latest Investments by Thumbtack
| Description | PermitFlow is a San Francisco-headquartered YC W22 company automating construction permitting nationwide. Its platform covers permit research, application preparation, submission, and status tracking for builders across multiple municipalities and states, leveraging local expertise to cut processing times. | Roots Homes is a UK-based proptech enabling shared ownership and rent-to-own models for residential properties. Buyers purchase shares starting from 25 percent equity while renting the remainder, with buyout options over 10 years. Operating in London and southern England, it partners with housing associations to deliver affordable homes. |
| HQ Country | ||
| HQ City | New York City, NY | Las Vegas, NV |
| Deal Date | 8 May 2023 | 25 Jan 2023 |
| Round | Seed | Seed |
| Raised | $6M | $2M |
| Investors | Mighty Buildings; PlanGrid; Procore; Initialized Capital; OpenDoor Venture Capital; Foundamental; Zillow | Morning Brew; CapitalX; Waveline Ventures; Founders; Boom Supersonic; PillPack; Wander; Behind Genius |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Thumbtack investments and their VC round multiples. Start Free Trial | ||
Thumbtack Competitors
Thumbtack competitors include listed companies like Seek and Goto Gojek Tokopedia, and private ones like ApplyBoard, CARS24, Souche and OPay.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $3.2B | - | ||
| Private | $1B | - | $3.3B | 3.3x | ||
| Publicly listed | $914M | ($63M) | $3.1B | 4.5x | ||
| Publicly listed | $1B | ($16M) | $3B | 1.7x | ||
| Private | - | - | $3B | - | ||
| Private | $38M | - | $2.8B | 73.7x |
Thumbtack Public Comps
Thumbtack is still privately-owned, but its public comps include Tongcheng Travel, Seek, Rasan, Goto Gojek Tokopedia, People, Inchcape, Mercari, Urban Company, Travel+Leisure and Stubhub.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.9B | $659M | 0.7x | 0.7x | 3.0x | 2.6x | |||
| $914M | ($63M) | 4.2x | 4.5x | (61.7x) | 10.2x | |||
| $174M | $73M | 16.1x | 11.0x | 38.6x | 25.9x | |||
| $1B | ($16M) | 2.0x | 1.7x | (125.5x) | 13.1x | |||
| $2.4B | $122M | 1.3x | 1.6x | 25.4x | 11.3x | |||
| $12B | $867M | 0.4x | 0.4x | 5.4x | 5.0x | |||
| $1.5B | $282M | 2.4x | 2.4x | 12.7x | 11.7x | |||
| $162M | ($26M) | 14.4x | 12.3x | (90.6x) | (72.0x) | |||
This data is available for Pro users. Sign up to see all Thumbtack competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Thumbtack
| When was Thumbtack founded? | Thumbtack was founded in 2008. |
| Where is Thumbtack headquartered? | Thumbtack is headquartered in San Francisco, CA, United States. |
| Is Thumbtack publicly listed? | No, Thumbtack is a private, VC-backed company. |
| What is Thumbtack's valuation? | Thumbtack was last valued at $3.2B in its Series G in June 2021. |
| How much funding has Thumbtack raised? | Thumbtack has raised $693M across 6 funding rounds. |
| What was Thumbtack's last funding round? | Thumbtack's last funding round was a $275M Series G in June 2021, led by Qatar Investment Authority. |
| Who are Thumbtack's investors? | Thumbtack's investors include Sequoia Capital, Javelin Venture Partners, Tiger Global, Baillie Gifford, CapitalG, Qatar Investment Authority, Blackstone, Founders Circle Capital and G Squared. |
| What is Thumbtack's revenue? | Thumbtack's latest recorded revenue is $400M (July 2019). |
| What is Thumbtack's revenue multiple? | Thumbtack's latest valuation implies a 4.3x revenue multiple ($1.7B valuation on $400M of revenue). |
| Which companies are comparable to Thumbtack? | Companies comparable to Thumbtack include ApplyBoard, CARS24, Seek, Goto Gojek Tokopedia, Souche and OPay. |
| How many companies has Thumbtack acquired? | Thumbtack has acquired 2 companies, including Setter and HeartThis. |
| How many companies has Thumbtack invested in? | Thumbtack has invested in 2 companies, including PermitFlow and Roots Homes. |
| What was Thumbtack's last investment? | In May 2023, Thumbtack invested in PermitFlow's $6M seed round alongside Mighty Buildings, PlanGrid, Procore and 4 other investors. |
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