HIVE Invests in ServiceTitan
HIVE Ventures invested in ServiceTitan's latest $62M round alongside Battery Ventures, Bessemer Venture Partners, and ICONIQ Capital.
We’re beyond excited to share with you the news of our latest investment. HIVE Ventures has invested in ServiceTitan, a Glendale, California-based provider of workflow and field service management software for home-service businesses. HIVE Ventures invested in ServiceTitan’s latest $62M round alongside Battery Ventures, Bessemer Venture Partners, and ICONIQ Capital. There are many reasons we chose to invest in ServiceTitan; we’ve listed a few of them below:
- Founders Ara Mahdessian and Vahe Kuzoyan demonstrate a passion for the space (no doubt from their fathers, who are both tradesmen) and a keen ability to understand the many pain points in the industry, specifically a lack of digitization
- ServiceTitan is addressing a massive market – home maintenance represents a $40Bn opportunity
- The company is committed to providing a great customer experience
- We believe the subscription-based service is the proper business model for this space
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