ServiceTitan, the provider of workflow and field service management software for home-service businesses, including residential plumbing, HVAC, electrical service providers, and garage door installers, has raised $62 million in Series C funding in a round led by Battery Ventures. Existing investors Bessemer Venture Partners and ICONIQ Capital also participated in the financing. As part of the transaction, Battery General Partner Michael Brown will join ServiceTitan’s board.
“We’re thrilled to deepen our partnership with Battery, who have decades of experience in specialized software markets,” said Ara Mahdessian, co-founder and CEO of ServiceTitan.
ServiceTitan intends to use the capital to bring new features to its platform, deepen its investment in its industry-leading customer support, expand its offerings to more segments of the home services sector, and solidify key partnerships with wholesalers, manufacturers and other collaborators in the industry.
"We're proud to have established partnerships with industry manufacturers and distributors like Honeywell who see the same potential in equipping tradespeople with a cutting-edge SaaS solution," sayid ServiceTitan President and co-founder Vahe Kuzoyan.