Total amount raised
$110.7 Million
Latest funding date
11/01/2015
Location
Handy has successfully raised funding over 7 rounds, with the latest being a Series C round. The platform connects users with professionals for various home services, including cleaning, installation, and handyman tasks.
Handy is backed by 14 investors, including Fidelity and Revolution Growth. Keep reading to explore the intricacies of Handy's fundraising journey and the investors backing this innovative platform.
What Is Handy?
Handy, formerly known as Handybook, is a private company based in New York, New York, United States. The company operates in the home services industry, offering a wide range of services including cleaning, handyman tasks, and installation. Handy has been acquired by Angi and has an employee count ranging from 251 to 500.
Handy allows users to book various household service providers such as cleaners, plumbers, and handymen through its app. The company emphasizes convenience with online booking, next-day availability, and a satisfaction guarantee. Handy has also acquired two organizations, Mopp and Exec, to expand its service offerings.
How Much Funding Has Handy Raised?
- Series A
- Amount Raised: USD 2,000,000
- Date: October 2012
- Lead Investors: General Catalyst, Highland Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch and establish Handy's platform in the home services market.
- Series A
- Amount Raised: USD 10,000,000
- Date: October 2013
- Lead Investors: David Tisch, General Catalyst, Highland Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Handy's service offerings and market reach.
- Series B
- Amount Raised: USD 30,000,000
- Date: June 2014
- Lead Investors: Revolution
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's technology.
- Series B
- Amount Raised: USD 15,000,000
- Date: March 2015
- Lead Investors: TPG Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand Handy's market presence and improve customer experience.
- Series C
- Amount Raised: USD 50,000,000
- Date: November 2015
- Lead Investors: Fidelity
- Valuation at Round: USD 500,000,000
- Motivation Behind the Round: To invest in existing markets and expand to new cities and countries.
- Series Unknown
- Amount Raised: USD 3,728,926
- Date: January 2014
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and growth initiatives.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: June 2012
- Lead Investors: Summer@Highland
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive mentorship and initial funding to kickstart the business.
Total Amount Raised: USD 110,728,926. Current Valuation: USD 500,000,000.
Key Investors
- Fidelity
- Details: Fidelity is a multinational financial services corporation based in Boston, Massachusetts. It led Handy's Series C funding round.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Uber, Airbnb, SpaceX
- Revolution Growth
- Details: Revolution Growth is a venture capital firm that invests in growth-stage companies. It participated in Handy's Series B and Series C funding rounds.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: Sweetgreen, DraftKings, BigCommerce
- TPG Growth
- Details: TPG Growth is the middle market and growth equity investment platform of TPG, a global private investment firm. It participated in Handy's Series B and Series C funding rounds.
- Investment Focus Areas: Technology, healthcare, consumer
- Notable Investments: Airbnb, Uber, Spotify
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. It participated in Handy's Series A and Series C funding rounds.
- Investment Focus Areas: Technology, healthcare, consumer
- Notable Investments: Snapchat, Stripe, Airbnb
- Highland Capital Partners
- Details: Highland Capital Partners is a venture capital firm that focuses on early-stage and growth-stage investments. It participated in Handy's Series A and Series C funding rounds.
- Investment Focus Areas: Technology, healthcare, consumer
- Notable Investments: 2U, Rent the Runway, Malwarebytes
What's Next for Handy?
Handy is poised to capitalize on significant opportunities in the on-demand home services market. With plans to expand into new cities and countries, the company aims to diversify its offerings beyond cleaning services. This expansion could potentially increase its customer base and job bookings, which currently stand at 100,000 per month.
Future fundraising opportunities seem promising, given the ongoing interest from investors and the need for scale. Handy's focus on improving service quality and leveraging technology to enhance user experience could attract additional investment rounds. However, the company may face challenges such as competition from larger players and legal issues related to worker classification.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Handy and gather other critical business insights.
Sign up for free to start making data-driven decisions and stay ahead of the competition.
