Thumbtack is raising up to $120M on a flat valuation
Thumbtack, one of the first players in what is now known as the gig economy, has hit the fundraising circuit once again.
The online services marketplace that matches customers with nearby professionals is raising up to $120 million in Series H shares, according to a Delaware stock authorization filing uncovered by the Prime Unicorn Index. Thumbtack did not immediately respond to a request for comment.
At more than 10 years old, the business has previously raised nearly $300 million in a combination of debt and equity funding. The upcoming round comes at a flat valuation to its 2015 Series G funding of $125 million, which valued Thumbtack at $1.3 billion. Scottish asset manager Baillie Gifford led that round, which increased its valuation roughly 60 percent from $804 million, according to PitchBook.
Thumbtack’s funding history
June 2009: $650,000 Series A | $3.3M valuation
Jan. 2012: $4.4B Series C | $16.5M valuation
June 2013: $12.5M Series D | $46.5M valuation
May 2014: $30M Series E | $230M valuation
Aug. 2014: $100M Series F | $804M valuation
Sept. 2015: $125M Series G | $1.3B valuation
June 2019: ~$120M Series H | ~$1.3B valuation
Source: PitchBook
As Thumbtack has worked
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