Thumbtack Raises $4.5 Million
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Thumbtack, which has set itself to compete against Angie’s List and ServiceMagic in the SMB leads space, has raised $4.5 million from Javelin Venture Partners, with MHS Capital and Tim Draper participating.
The eight-person San Francisco company, founded in 2009, claims nearly a quarter-million active merchants — up from 150,000 in July — and “hundreds of thousands” of visits. Founder Marco Zappacosta tells us that the company continues to scale well on “both sides of the marketplace” — merchants and consumers. He says the company will use the funds to hire 12 people as soon as possible and focus on building the user experience. “The money is all about investing in the experience and really develop a marketplace solution,” he says.
Zappacosta notes that the company provides standard features such as quotes and finding the right people, but “there is a lot more we can do.” For instance, Zappacosta hopes to add payment and invoicing capabilities throughout the site, as well as scheduling.
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