Handy Raises $50 Million in Series C Funding, Solidifies Standing as Leader in On-Demand Home Services
Funding Round Led By Fidelity Management and Research Company
New York, NY – November 2, 2015 –Handy, the world’s leading platform for on-demand home services, today announced a $50 million Series C funding round led by Fidelity Management and Research Company and other current investors, TPG Ventures, General Catalyst, Highland Capital and Revolution Growth. This round further extends Handy’s dominance as the leading home services platform for customers and professionals in North America and the UK.
“Our vision has been simple – to connect customers to professionals of virtually every home service with the tap of a button,” said Oisin Hanrahan, CEO and Co-Founder of Handy, “We are grateful to our team and investors for enabling us to make that vision a reality. When we started three years ago, the home services market was inefficient and broken. With well over one million bookings completed through the platform, we have shown the need for a seamless, reliable and convenient on-demand alternative. With this recent funding round, we will continue to increase our presence in each of our cities, offer more home services and improve the platform to continue to deliver the experience that the hundreds of thousands of people using the platform have come to expect of us.”
Handy, based in New York City, instantly connects consumers with professionals who provide home services, including home cleaning, handyman repairs, painting, plumbing and furniture assembly, through its mobile and online platform across 28 cities. In June, the company announced that it had surpassed 1 million cumulative bookings, 80 percent of which were driven by loyal, repeat customers. Every month, over 10,000 independent professionals complete over 100,000 bookings. In the past year, the company has also expanded offerings, including comprehensive services for vacation and casual rental hosts and furniture assembly and delivery.
“Handy has demonstrated to consumers that it is the company to trust when it comes to finding professionals to take care of their homes,” said Umang Dua, COO and Co-Founder of Handy. “We provide value on both sides of the supply and demand equation. Professionals love the flexibility, high-paying jobs and high demand for their services, while consumers enjoy the convenience and high quality.”
Including previous funding, Handy has raised over $110 million in capital to-date. Previous investors include TPG Ventures, Revolution Growth, Highland Capital Partners and General Catalyst. These new funds will allow Handy to continue to build its core team and enhance the experience for professionals and customers throughout North America and the UK.
Handy is the easiest way to keep your home in order. Founded in 2012 and formerly known as Handybook, the company was founded by Oisin Hanrahan and Umang Dua as a practical solution to an age-old problem: finding trusted, effective professionals for common household services. Handy instantly connects individuals with top-quality, pre-screened independent professionals around the world, offering home cleaning and handyman services. With a seamless 60-second booking process, secure payment, and a 100% money-back guarantee, Handy is the premier, trusted platform for busy people everywhere to book home services.