Total amount raised
$180.3 Millions
Latest funding date
10/1/2011
Location
Angi has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform connects homeowners with service professionals for various home improvement and maintenance tasks.
Keep reading to explore the intricacies of Angi's fundraising journey and the investors backing this innovative platform.
What Is Angi?
Angi, founded in 1995 by Abdullah Khalid, is headquartered in Indianapolis, Indiana. The platform connects homeowners with vetted home service professionals for various tasks, from repairs to renovations. With a workforce of 5001-10000 employees, Angi ensures quality and reliability in home improvement services.
How Much Funding Has Angi Raised?
- Debt Financing
- Amount Raised: $3.5M
- Date: January 1, 2006
- Lead Investors: Headline
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and improve service offerings.
- Venture Round
- Amount Raised: $2.7M
- Date: January 1, 2007
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's technology and user experience.
- Venture Round
- Amount Raised: $35M
- Date: April 10, 2008
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market penetration.
- Venture Round
- Amount Raised: $18M
- Date: November 8, 2008
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expand service offerings.
- Venture Round
- Amount Raised: $22.5M
- Date: September 21, 2010
- Lead Investors: Saints Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and increase user acquisition.
- Venture Round
- Amount Raised: $53.6M
- Date: March 24, 2011
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and market reach.
- Debt Financing
- Amount Raised: $15M
- Date: August 31, 2011
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and strategic initiatives.
- Debt Financing
- Amount Raised: $30M
- Date: October 20, 2011
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and enhance service offerings.
Total Amount Raised: $180.3M. Current Valuation: Not publicly disclosed.
Key Investors
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm. They have been investing in cutting-edge, category-defining businesses for over 35 years.
- Investment Focus Areas: Software, Industrial Technology, Consumer Technology
- Notable Investments: Glassdoor, Nutanix, Sprinklr
- Saints Capital
- Details: Saints Capital is a leading direct secondary acquirer of venture capital and private equity investments. They focus on providing liquidity to investors and founders.
- Investment Focus Areas: Healthcare, Technology, Consumer
- Notable Investments: Facebook, Twitter, Zappos
- Headline
- Details: Headline is a global venture capital firm with a focus on early-stage investments. They have a strong presence in the US, Europe, and Asia.
- Investment Focus Areas: Technology, Consumer, Fintech
- Notable Investments: Bumble, Sonos, Farfetch
- ORIX Venture Finance
- Details: ORIX Venture Finance provides flexible capital solutions to high-growth companies. They are part of ORIX Corporation, a diversified financial services group.
- Investment Focus Areas: Technology, Healthcare, Business Services
- Notable Investments: Not publicly disclosed
- Bridge Bank
- Details: Bridge Bank is a division of Western Alliance Bank, offering a full spectrum of financial solutions to businesses. They specialize in working with technology and innovation companies.
- Investment Focus Areas: Technology, Life Sciences, Renewable Energy
- Notable Investments: Not publicly disclosed
What's Next for Angi?
Angi stands at the cusp of significant growth opportunities, driven by the increasing demand for online service recommendations. With $53.6 million already raised and an additional $6.4 million in potential funding, the company is well-positioned to enhance its platform and expand its user base. The involvement of major investors like T. Rowe Price Group Inc. underscores the confidence in Angi's future prospects.
Future fundraising opportunities appear promising, with potential for further private share offerings or investments from large mutual funds and institutional investors. However, Angi must navigate challenges such as intense competition and the need for continuous innovation to maintain its market position. Regulatory hurdles related to fundraising and financial disclosures also pose potential obstacles.
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