Local Services Marketplace Thumbtack Raises $4.5 Million

Monday, January 9th, 2012

Robin Wauters is the European Editor of tech blog The Next Web and lead editor of Virtualization.com. He was a senior staff writer at TechCrunch until his departure in February 2012. Aside from his professional blogging activities, he’s an entrepreneur, event organizer, occasional board adviser and angel investor but most importantly an all-round startup champion. Wauters lives and works in... → Learn More

thumbtack
thumbtack

Thumbtack, which operates an online community marketplace where people can easily list and book local services, has raised $4.5 million in Series A funding, TechCrunch has learned. The round was led by Javelin Venture Partners, with MHS Capital and venture capitalist Tim Draper participating.

Founded in 2009, Thumbtack aims to “make hiring a service professional as easy as it is to buy a book on Amazon.com”. It’s up against startups like Redbeacon and OpenChime, among others.

It seems users have had no trouble finding their way to their website. Thumbtack says a new user has signed up every minute of every day for the last six months, on average.

The company also says 240,000 local merchants (carpenters, life coaches, wedding photographers, babysitters, math tutors, makeup artists and whatnot) have listed on Thumbtack.com to date, or roughly half as many registered merchants one can find on review site Yelp.

Thumbtack currently has 8 employees but plans to use the additional capital to hire more.


Company: Thumbtack
Website: thumbtack.com
Funding: $5.7M

Thumbtack.com provides a marketplace and review site for local services such as handymen, tutors, or gardeners. Thumbtack gives users the ability to vet, contact and book providers. All service providers create an online profile, then manage an online appointment calendar, accept online payments, and begin local marketing campaigns. Thumbtack also lets would-be employers vet the identity of the service providers before providing any financial information or booking an appointment.

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