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New Deal


Announced

Completed

Tiger Global and Sequoia led a $500m financing round in ServiceTitan.

Financials

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Transaction Value£144m
Consideration TypeCash
Capital Owned-
Capital Bid For2%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Cross Border

Completed

Minority

Private Equity

commercial services

Venture Capital

United States

Software

Friendly

Private

all-in-one software

software platform

software

Synopsis

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Tiger Global and Sequoia, two venture capital firms, led a $500m financing round in ServiceTitan, a provider of software for the trades. Existing investors participated, including Arena, Battery Ventures, Bessemer Venture Partners, Dragoneer Investment Group, Durable Capital, ICONIQ, Index Ventures, and funds and accounts advised by T. Rowe Price Associates. "By providing contractors with the tools they need to deliver a great customer experience and grow their businesses with ease, ServiceTitan is enabling the hardworking men and women of the trades to reach the level of success they deserve," Ara Mahdessian, ServiceTitan Co-founder and CEO.

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