ServiceTitan was founded in 2012 by Ara Mahdessian and Vahe Kuzoyan. ServiceTitan announced its IPO, estimated to occur in 2024.
ServiceTitan is a developer of a field management platform designed for HVAC, plumbing, and electrical home service businesses. Per Forge data, ServiceTitan has raised a total of $1.1 billion in funding over 9 rounds. Their latest funding was raised on Jun 30, 2021, from a Series G round. Key investors include Bessemer Venture Partners, ICONIQ Growth, Battery Ventures, Tiger Global Management, and Index Ventures.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
ServiceTitan completed their IPO on December 12, 2024 to list on NASDAQ with ticker TTAN. They raised $625MM at an implied valuation of $7.59B. Forge no longer actively tracks this company.
ServiceTitan completed their IPO on December 12, 2024 to list on NASDAQ with ticker TTAN. They raised $625MM at an implied valuation of $7.59B. Forge no longer actively tracks this company.
Company Details
ServiceTitan was founded in 2012 by Ara Mahdessian and Vahe Kuzoyan. ServiceTitan announced its IPO, estimated to occur in 2024.
ServiceTitan is a developer of a field management platform designed for HVAC, plumbing, and electrical home service businesses. Per Forge data, ServiceTitan has raised a total of $1.1 billion in funding over 9 rounds. Their latest funding was raised on Jun 30, 2021, from a Series G round. Key investors include Bessemer Venture Partners, ICONIQ Growth, Battery Ventures, Tiger Global Management, and Index Ventures.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
You may invest in ServiceTitan as it is a public company listed on the NASDAQ with ticker TTAN. But if you are an accredited investor interested in buying pre-IPO shares of a private company, you can learn more about how to invest in the private market or register today to get started.
Can you sell shares of ServiceTitan before it goes public?
You can no longer sell shares of ServiceTitan on Forge as this company is no longer private. However, if you own shares of a private company, Forge may be able to help you sell them in a way that works for you and the company. Learn more or register with us today to get started.
What is the pre-IPO value of my ServiceTitan shares?
Forge can no longer determine the value of ServiceTitan shares as this company is no longer private. However, if you own shares of a private company, Forge may help you value and sell them in a way that works for you and the company. Learn more or register with us today to get started.
Is ServiceTitan a publicly traded company?
ServiceTitan became a public company following its IPO on 12/12/2024 and is now traded on the NASDAQ under the ticker TTAN.
To learn more about ServiceTitan potential IPO
Will ServiceTitan go IPO?
ServiceTitan became a public company following its IPO on 12/12/2024 and is now traded on the NASDAQ under the ticker TTAN.
What is ServiceTitan’s IPO price?
The IPO price of ServiceTitan is not currently available.
When was ServiceTitan founded?
ServiceTitan was founded in 2012.
What is ServiceTitan funding to date?
ServiceTitan has raised $4.38B to date.
Who are ServiceTitan’s major investors?
Sequoia Capital
Undisclosed Investors
H.I.G. Growth Partners
I2bf Global Ventures
Iconiq Capital
Arena Holdings
Mucker Capital
Bessemer Venture Partners
Tiger Global Management
Dragoneer Investment Group
Tpg
Battery Ventures
Durable Capital Partners
T. Rowe Price
Amenalav Group
Thoma Bravo
Index Ventures
Hive Ventures
ServiceTitan Major Investors
Sequoia Capital
Undisclosed Investors
H.I.G. Growth Partners
I2bf Global Ventures
Iconiq Capital
Arena Holdings
Mucker Capital
Bessemer Venture Partners
Tiger Global Management
Dragoneer Investment Group
Tpg
Battery Ventures
Durable Capital Partners
T. Rowe Price
Amenalav Group
Thoma Bravo
Index Ventures
Hive Ventures
Show All InvestorsShow Fewer Investors
ServiceTitan Funding Rounds and Valuation
Funding History Chart
Funding Round Details
Funding Date
Share Class
Amount Raised
Price per Share
Post-Money Valuation
Key Investors
04/19/2024
Series H-1
$24.04MM
$xx.xx
$7.55B
Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
284,281
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
11/22/2022
Series H
$473.96MM
$xx.xx
$7.35B
Tpg
Price per Share
$xx.xx
Shares Outstanding
5,604,318
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.1x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Tpg
06/30/2021
Series G
$262.59MM
$xx.xx
$9.49B
Thoma Bravo
Price per Share
$xx.xx
Shares Outstanding
2,207,340
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Thoma Bravo
03/26/2021
Series F
$300MM
$xx.xx
$8.34B
Arena Holdings, Battery Ventures, Bessemer Venture Partners, Dragoneer Investment Group, Durable Capital Partners, H.I.G. Growth Partners, Iconiq Capital, Index Ventures, Sequoia Capital, Tiger Global Management, T. Rowe Price
Price per Share
$xx.xx
Shares Outstanding
2,795,266
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arena Holdings, Battery Ventures, Bessemer Venture Partners, Dragoneer Investment Group, Durable Capital Partners, H.I.G. Growth Partners, Iconiq Capital, Index Ventures, Sequoia Capital, Tiger Global Management, T. Rowe Price
04/23/2020
Series E
$73.82MM
$xx.xx
$2.24B
Arena Holdings, Durable Capital Partners
Price per Share
$xx.xx
Shares Outstanding
2,184,287
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arena Holdings, Durable Capital Partners
11/14/2018
Series D
$150MM
$xx.xx
$1.67B
Battery Ventures, Bessemer Venture Partners, Dragoneer Investment Group, Iconiq Capital, Index Ventures, T. Rowe Price
Price per Share
$xx.xx
Shares Outstanding
5,704,551
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Battery Ventures, Bessemer Venture Partners, Dragoneer Investment Group, Iconiq Capital, Index Ventures, T. Rowe Price
04/13/2018
Series C
$50MM
$xx.xx
$857.04MM
Battery Ventures, Bessemer Venture Partners, Hive Ventures, Iconiq Capital
Price per Share
$xx.xx
Shares Outstanding
3,437,441
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Battery Ventures, Bessemer Venture Partners, Hive Ventures, Iconiq Capital
03/15/2017
Series B
$35MM
$xx.xx
$348.6MM
Iconiq Capital
Price per Share
$xx.xx
Shares Outstanding
5,774,623
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Iconiq Capital
06/16/2015
Series A-1
$528,459.17
$xx.xx
$75.66MM
Amenalav Group, Bessemer Venture Partners, I2bf Global Ventures, Mucker Capital
Price per Share
$xx.xx
Shares Outstanding
4,701,594
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amenalav Group, Bessemer Venture Partners, I2bf Global Ventures, Mucker Capital
06/16/2015
Series A-2
$51,657.76
$xx.xx
$75.66MM
Amenalav Group, Bessemer Venture Partners, I2bf Global Ventures, Mucker Capital
Price per Share
$xx.xx
Shares Outstanding
1,067,309
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.1%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amenalav Group, Bessemer Venture Partners, I2bf Global Ventures, Mucker Capital
06/16/2015
Series A-3
$18.1MM
$xx.xx
$100.88MM
Amenalav Group, Bessemer Venture Partners, I2bf Global Ventures, Mucker Capital
Price per Share
$xx.xx
Shares Outstanding
8,587,100
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amenalav Group, Bessemer Venture Partners, I2bf Global Ventures, Mucker Capital
For many trade businesses — such as plumbers, electricians, or HVAC technicians — the emphasis is understandably on the skilled labor they're performing. However, the behind-the-scenes operational work, such as scheduling, billing, and marketing can make or break these businesses.
While a lot of investor and media focus has been on the AI industry and its continued growth and funding, the trend could also signal a positive outlook for IPOs. According to Forge’s November Private Market Update, China based autonomous driving technology company WeRide went public in the U.S. at a valuation of over $4 billion in October. And another Chinese autonomous driving company, Pony AI also filed in the U.S. last month. These developments came at the same time San Francisco-based Omada Healthreportedly filed for an IPO confidentially.
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Updated on: Dec 30, 2024
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Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.
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