Thumbtack, Inc.

California

Classification

Private

About

About

Thumbtack, Inc. is a technology company that operates a digital marketplace for local services. Thumbtack connects customers with skilled professionals across various service categories, including home improvement, wellness, events, and business services. The platform empowers consumers to hire trusted local pros for tasks ranging from home repairs to personal training by providing detailed profiles, customer reviews, and instant quotes. Thumbtack's mission is to simplify the process of finding and hiring local services, making it easier for people to care for their homes and complete personal projects. Product Breakdown Service Marketplace: Thumbtack's core product is its online marketplace, which allows users to search for and hire local service providers. The platform covers a wide range of categories such as home improvement, wellness, events, and more. Users can read reviews, compare quotes, and book services directly through the platform. Pro Management Tools: Thumbtack offers a suite of tools designed to help professionals manage their businesses. These include online booking, customer relationship management (CRM) software, automated marketing, and payment processing. Tools like ClientTether and Podium help pros streamline communications and improve customer engagement, while Wisetack provides financing solutions to enable larger projects. Lead Generation and Marketing: Thumbtack provides professionals with leads and marketing tools to grow their businesses. Pros can create custom websites, generate reviews, and utilize marketing platforms like Scorpion and Hatch to enhance their online presence and attract more customers. These tools help pros respond faster to inquiries and manage their client interactions efficiently.

Financials

Revenue & Profit

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

Funding

Keywords

Keywords

Classified

Private