- ServiceTitan, CA-based provider of software for the home and commercial service industries, raised $500m in funding at an $8.3 billion valuation
- The round was led by Tiger Global Management and Sequoia Capital Global Equities with participation from H.I.G. Growth Partners
- The company intends to use the funds to accelerate growth and to invest in customer experience, product development, and hiring top talent around the globe
- ServiceTitan also provides a software suite that includes CRM, intelligent dispatch, custom reporting, marketing automation, a mobile solution for field techs
- ServiceTitan also announced that it has surpassed $250m in annual recurring revenue, having grown more than 50% over the past twelve months
- The company serves more than 7,500 contracting businesses that collectively employ more than 100,000 technicians
