ServiceTitan secures $500 million in financing

ServiceTitan, a provider of software for the trades, has announced a $500 million round of financing. The round, which included multiple investors, was led by Tiger Global Management and Sequoia Capital Global Equities with participation from H.I.G. Growth Partners. The capital raised will be used to fuel rapid growth as the company continues to invest in customer experience, product development, and hiring top talent around the globe.

Mahdessian and co-founder and president Vahe Kuzoyan launched ServiceTitan in 2012 as a solution for their fathers, who both worked in the trades. Its end-to-end software suite includes CRM, intelligent dispatch, custom reporting, marketing automation, a mobile solution for field techs, and accounting, payments and financing integrations.