Total amount raised
$183.5 Millions
Latest funding date
2/1/2023
Location
Jobber has successfully raised significant capital through multiple funding rounds, with its latest being a Series D. The platform offers comprehensive software solutions designed to streamline operations for home and commercial service businesses.
Continue reading to delve into the details of Jobber's funding journey and the key investors supporting its growth.
What Is Jobber?
Jobber, founded in 2011 by Forrest Zeisler and Sam Pillar, is headquartered in Edmonton, Alberta, Canada. The company specializes in providing cloud software solutions for mobile service businesses, helping them with scheduling, invoicing, CRM, and team management.
With a focus on industries such as lawn care, HVAC, residential cleaning, and tree care, Jobber's platform aims to streamline and automate daily operations. This allows small businesses to better connect with customers, grow their operations, and compete against larger corporations.
Currently, Jobber employs between 501 and 1000 people, reflecting its significant growth and impact in the service software industry.
How Much Funding Has Jobber Raised?
- Seed Round
- Amount Raised: CA$250K
- Date: January 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their software and validate the market need.
- Seed Round
- Amount Raised: CA$500K
- Date: January 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the product based on early user feedback.
- Seed Round
- Amount Raised: CA$1M
- Date: May 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market penetration.
- Series A
- Amount Raised: CA$8M
- Date: November 2015
- Lead Investors: OMERS Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series B
- Amount Raised: $16M
- Date: January 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and increase customer acquisition.
- Series C
- Amount Raised: CA$76M
- Date: January 2021
- Lead Investors: Summit Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth, which has since resulted in a tripling of revenue.
- Series D
- Amount Raised: $100M
- Date: February 2023
- Lead Investors: General Atlantic
- Valuation at Round: Estimated between $300M and $400M
- Motivation Behind the Round: To support continued growth through investments in R&D, sales, and marketing.
Total Amount Raised: $100M + CA$85.75M + $16M
Current Valuation: Estimated between $300M and $400M
Key Investors
- General Atlantic
- Details: General Atlantic is a leading global growth equity firm with over four decades of experience. They manage over $73 billion in assets and have a global presence with offices in major cities worldwide.
- Investment Focus Areas: Technology, consumer, financial services, healthcare.
- Notable Investments: Airbnb, Alibaba, Uber.
- Summit Partners
- Details: Summit Partners is a global alternative investment firm that invests in growth equity, fixed income, and public equity opportunities. They have a strong track record of supporting high-growth companies.
- Investment Focus Areas: Technology, healthcare, life sciences, other growth sectors.
- Notable Investments: Uber, Avast, Infor.
- Version One Ventures
- Details: Version One Ventures is an early-stage venture capital firm that invests in mission-driven founders. They focus on technology companies and have a strong presence in the SaaS and marketplaces sectors.
- Investment Focus Areas: SaaS, marketplaces, decentralized networks.
- Notable Investments: Coinbase, Dapper Labs, Clio.
- Tech Pioneers Fund
- Details: Tech Pioneers Fund is a venture capital firm that focuses on early-stage technology companies. They aim to support innovative and disruptive technologies.
- Investment Focus Areas: Technology startups, innovative solutions.
- Notable Investments: Not publicly disclosed.
- OMERS Ventures
- Details: OMERS Ventures is the venture capital arm of OMERS, one of Canada's largest pension funds. They invest in high-growth technology companies across North America and Europe.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Shopify, Hootsuite, Wattpad.
What's Next for Jobber?
Jobber's future is brimming with opportunities, driven by a substantial market size and increasing demand for home services. With $100 million in Series D funding, the company is poised to enhance its technological platform, expand its customer base, and diversify its service offerings. Covering 27 million households in North America, Jobber's growth potential is immense, especially as digital adoption among small businesses continues to rise.
Future fundraising opportunities seem promising, given the company's successful track record and the substantial market size. Jobber might attract further investments to support its expansion and innovation efforts. However, the company will need to navigate challenges such as intense competition, maintaining service quality, and adapting to regulatory changes. Despite these hurdles, Jobber's strategic focus on R&D, sales, and marketing positions it well for continued growth and success.
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