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
You can read more about ServiceTitan’s fundraising round here.
From news to blogs to playbooks, our startup library gives you the tools you need on your business-building journey.