Tuesday, June 16, 2015
ServiceTitan Scores $18M For Home Services Management Software
Glendale-based ServiceTitan, a developer of cloud-based software used by home services business management, has raised $18M in a Series A funding round. The funding was led by Bessemer Venture Partners, and also included I2BF Digital, Mucker Capital, and AMENALAV Group. ServiceTitan, led by Ara Mahdessian, develops software used by home service companies inn the HVAC, plumbing, and electrical industries, who use the cloud-based software for managing their operations and computer service. ServiceTitan said the funding round values the company at $100M. ServiceTitan said the funding goes towards strategic technical hires, expansion of its customer support infrastructure, and outreach to customers.