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.

 

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