ServiceTitan Just Raised $80 Million to Serve You Even Better
Our co-founders, Ara Mahdessian and Vahe Kuzoyan, reached out to our customers this morning with an important announcement. Here is what they had to say in their own words.
We’re announcing some big news this week. I wanted you to hear about it from us first.
Two years ago, we raised $18M from the leading early-stage software investor, Bessemer Venture Partners, to help make ServiceTitan what it is today.
Now, we’ve raised an additional $80M from the leading growth-stage software investors, ICONIQ Capital, to help make ServiceTitan even better. You can read about the investment here.
Vahe and I have always been highly selective of who we partner with. It’s important for us to partner with people who share our values and are passionate about our mission of helping contractors. ICONIQ Capital represents many of the most successful and world-changing software entrepreneurs, including Mark Zuckerberg (Facebook CEO), Jack Dorsey (Twitter CEO), Reid Hoffman (LinkedIn Chairman), and many others. After spending extensive time with ICONIQ and their team, we’re confident this partnership will be as beneficial as our continued partnership with Bessemer.
This investment will allow us to deliver more and better features, faster – including many much-needed product enhancements. To that end, we’re doubling (and later tripling) our product and engineering teams. This investment also ensures that we will have the staff to support you on your journey, as we are doubling down on our customer success, support, and training teams, too.
We want to extend a heartfelt thank you to all of our customers for their incredible contributions and support throughout our collective journey. It’s been an honor serving you, and we look forward to an even more exciting future together.
Ara & Vahe
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