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Thumbtack raises $100 million in funding led by Google Capital

August 21, 2014

San Francisco-based Thumbtack, a startup that provides a network connecting consumers with service professionals, announced Google Capital is leading a $100 million round of funding in the company, with past investors Tiger Global Management, Sequoia Capital and Javelin Venture Partners also participating.

The investment follows a $30 million round of Series C financing in May, co-led by early investor Sequoia Capital and Tiger Global Management. Thumbtack has received a total of $150 million of funding to date.

The company said it will use the funds to significantly grow the business, launch nationwide marketing campaigns and scale the engineering team in order to accelerate investments in its product and infrastructure.

“Thumbtack has a real opportunity to transform how local professionals find new customers,” said David Lawee, general partner at Google Capital. “The Thumbtack team is highly impressive and the opportunity in front of them is enormous. We're excited to be a part of it.”

“We were already a strong and well-capitalized business, but David and Google Capital offer something truly special, and we couldn't pass up the opportunity to work with them,” said Thumbtack CEO Marco Zappacosta. “David brings years of experience working to help small businesses market themselves online, and the Google Capital financing and partnership allows us to think even bigger and further expand our business.”