Thumbtack, Inc.
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
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
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
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
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