Total amount raised
$175 Millions
Latest funding date
6/1/2022
Location
Housecall Pro has successfully raised significant funding across multiple rounds, attracting notable investors such as Vista Credit Partners and Permira. The platform offers comprehensive business management solutions tailored for home service professionals.
Keep reading to delve into the details of Housecall Pro's funding journey and the key investors supporting this innovative platform.
What Is Housecall Pro?
Housecall Pro, founded on June 1, 2013, is headquartered in Denver, Colorado. The company was established by Adam Perry-Pelletier, Chris Zwickilton, Ian Heidt, and Roland Ligtenberg.
Housecall Pro offers a mobile software platform designed to streamline business operations for home service professionals. The platform includes features such as job scheduling, customer database management, invoicing, payment processing, and technician dispatch.
With a workforce of between 1001-5000 employees, Housecall Pro continues to support service professionals in running their businesses efficiently through its comprehensive suite of tools.
How Much Funding Has Housecall Pro Raised?
- Seed Round
- Amount Raised: $1.5M
- Date: December 2013
- Lead Investors: Charles Yim
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the platform and validate the business model.
- Seed Round
- Amount Raised: $1.5M
- Date: May 2014
- Lead Investors: Canter Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Non-Equity Assistance
- Date: June 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources without diluting equity.
- Series A
- Amount Raised: $6M
- Date: September 2015
- Lead Investors: August Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's features.
- Series B
- Amount Raised: $11M
- Date: August 2017
- Lead Investors: Baird Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve customer acquisition strategies.
- Series C
- Amount Raised: $30M
- Date: September 2018
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and support rapid growth.
- Secondary Market
- Date: November 2020
- Lead Investors: Akkadian Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series D
- Amount Raised: $65M
- Date: June 2022
- Lead Investors: Permira
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the organization and enhance product features.
- Debt Financing
- Amount Raised: $60M
- Date: June 2022
- Lead Investors: Vista Credit Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational needs without diluting equity.
Total Amount Raised: $175M. Current Valuation: Not publicly disclosed.
Key Investors
- Permira
- Details: Permira is a global investment firm founded in 1985, advising funds with over $65 billion in assets under management. The firm employs over 450 people across 16 offices worldwide.
- Investment Focus Areas: Technology, cybersecurity, digital commerce, fintech, online marketplaces.
- Notable Investments: Klarna, Mirakl, Zwift.
- Vista Credit Partners
- Details: Vista Credit Partners is the credit-investing arm of Vista Equity Partners, focusing on the enterprise software, data, and technology market. Formed in 2013, it has deployed over $8.6 billion and manages over $6.4 billion in assets.
- Investment Focus Areas: Enterprise software, data, technology.
- Notable Investments: Specific notable investments are not listed.
- Akkadian Ventures
- Details: Akkadian Ventures specializes in providing liquidity solutions for private company shareholders. The firm focuses on secondary market transactions.
- Investment Focus Areas: Secondary market transactions, private equity.
- Notable Investments: Not publicly disclosed.
- General Catalyst
- Details: General Catalyst is a venture capital firm that partners with founders from seed to growth stage. The firm has a strong track record in technology investments.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Stripe, Airbnb, Snap.
- Baird Capital
- Details: Baird Capital provides venture capital, growth equity, and private equity to companies in the healthcare, technology, and industrial sectors. The firm has a global presence with offices in the U.S., Europe, and Asia.
- Investment Focus Areas: Healthcare, technology, industrial.
- Notable Investments: Not publicly disclosed.
What's Next for Housecall Pro?
Housecall Pro is poised to capitalize on the growing digital transformation in the home services industry. With $125 million in new funding from Permira Growth Opportunities and Vista Credit Partners, the company aims to scale its organization and enhance its platform's features. This financial backing provides a significant opportunity to expand its market reach and support a larger customer base.
Future fundraising opportunities seem promising, given the involvement of experienced investors like Permira and Vista Credit Partners. However, Housecall Pro may face challenges such as maintaining innovation pace and managing rapid growth while ensuring service quality. The company's ability to navigate these hurdles will be crucial for its continued success.
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