How much is Thumbtack worth?

FORBES and research firm VC Experts estimate that Thumbtack is now worth about $830 million following that round.

Who owns Thumbtack?

CEO Marco Zappacosta
Co-founder and CEO Marco Zappacosta confirmed that the round values Thumbtack at $3.2 billion. For some context, this is nearly double the valuation Thumbtack had when it last raised money, a $150 million round led by Sequoia in 2019. It also comes on the heels of a strong 2020, where its revenue grew more than 50%.

What is Thumbtack business model?

Today, Thumbtack makes money by selling leads to service providers. So, when someone opts to work with a service provider on the platform, Thumbtack will charge a fee from the service provider. The cost per lead depends on the project size, market, and how many other available vendors there are.

How many employees does Thumbtack have?

Company Growth (employees)

Does Thumbtack send fake leads?

The biggest complaint that comes from contractors is that Thumbtack puts out fake leads, making them appear as though they are coming from real people. By doing this, contractors would spend more on credits because they believe they are receiving leads, all the while not actually getting any value out of them.

Does Thumbtack make money?

Thumbtack earns money by charging a fee for each lead received by contractors. Thumbtack also offers Thumbtack Promote, a paid service that helps contractors elevate their profile in the list of search results. Thumbtack is an internet marketplace that connects clients with local experts.

Does Thumbtack go public?

The company has not officially endorsed a plan to participate in an IPO. Thumbtack is an online platform that allows customers to hire service providers in a broad range of categories.

What type of platform is Thumbtack?

It’s an app that is one of the biggest players in a changing technological landscape made up of a blend of apps, web pages, local directories, and review sites. Thumbtack works by providing job leads to businesses and gives them the option to provide a quote.

Is Thumbtack only in the US?

Thumbtack is only available in the U.S. for now. In other words, I hope that Thumbtack doesn’t expand to Europe any time soon, as the company has enough funding to crush the local competition.

How do pros get paid on Thumbtack?

Pay a pro – Thumbtack Help. When you hire a pro, you work directly with them to pay for the project. Check a pro’s profile to see how they accept payment. This is often listed below the pro’s introduction.

Do you have to pay to use Thumbtack?

How Thumbtack works – Thumbtack Help. We show customers your business, for free. Millions of customers come to Thumbtack to find pros like you. Customers see search results in real-time with profiles, ratings, and more.

Does Thumbtack take a percentage?

They only pay to quote, and Thumbtack does not charge commission on jobs they complete or future jobs that they book with the same customer and their referrals. A single credit costs roughly $1.50, but that goes down as low as $1.42 if a professional buys a bulk pack of credits.

How did thumbtack raise $275 million?

The company has raised $275 million, money that the company plans to use to build out a home management and maintenance business alongside its network of home services professionals. Co-founder and CEO Marco Zappacosta confirmed that the round values Thumbtack at $3.2 billion.

What is thumbtack pro hiring?

When you need to hire someone – a landscaper, a DJ, anyone – Thumbtack finds them for you for free. Wait, what’s a pro? Thumbtack pros are local business owners right in your community. They’re the neighbors you just haven’t met yet, with the skills you need to get the job done.

What is the thumbtack guarantee?

The Thumbtack Guarantee. If the job isn’t done as agreed, you can get your money back. And if there’s property damage, you’re protected. Explore more projects. These annoying chores used to eat up your entire weekend. Not anymore.

How many bids have we analyzed on Thumbtack?

We analyzed millions of bids from Thumbtack professionals to see what things really cost. Find out what other people have paid for projects like yours. Trending now in these areas. All 50 states. There’s nothing worse than getting your hopes up, then not being able to find what you want. That won’t happen on Thumbtack.