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News June 15, 2021

Thumbtack Secures $275 Million Investment at $3.2 Billion Valuation

– Thumbtack, the modern home management platform, announced it has secured a $275 million investment at a valuation of $3.2 billion. – The round was led by Qatar Investment Authority and joined by Blackstone Alternative Asset Management as well as G Squared. – Prior investors Baillie Gifford, CapitalG, Founders Circle Capital, Sequoia Capital, and Tiger Global Management also participated. – The new funding will be used to accelerate innovation, fuel the company’s growth, and drive continued adoption. – The modern home is more connected, but home services remains one of the largest markets still in the early stages of moving to digital.