Amid Home Improvement Surge, Jobber Raises $60 Million

Jobber, a software company that helps home-service firms manage their businesses, has raised a $60 million growth equity round, as it seeks to capitalize on the spike in the industry brought on by Covid-19. 

The firm has 100,000 service professionals on its platform across 47 countries, with the U.S. comprising its largest individual market. Last year Jobber processed $1.7 billion in transactions, and during that time it grew recurring revenue by 90{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}. 

The pandemic has been a tailwind. “Our customers are home service businesses: landscapers and lawn care companies, plumbers, electricians, HVAC businesses,” cofounder and CEO Sam Pillar says. “These aren’t discretionary services. If your roof is leaking, you’re gonna fix it. If your furnace is broken, you’re gonna fix it.”

Summit Partners led the funding round, with participation from OMERS Ventures, Version One Ventures and Tech Pioneers Fund. “We believe the home service category is in the early stages of a significant digital transformation,” Colin Mistele, a principal at Summit, said in a statement. 

It’s a wide-open market. There are some 5 million small and medium-size home service businesses in the U.S., many with analog workflows. Jobber’s pitch is that—like ServiceTitan, Housecall

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