Google Capital, a strategic investment subsidiary of internet company Google, led a $100m series D round for US-based short-term hiring marketplace Thumbtack yesterday.
The round also featured existing Thumbtack investors including Sequoia Capital, Tiger Global Management, and Javelin Venture Partners.
Thumbtack’s online platform links skilled people with customers who can pay them for a range of skilled services. It will use the funding to expand as it launches nationwide advertising campaigns and grows its engineering team.
The company has now raised $150m since it was founded in 2008 from backers also including Draper Associates, MHS Capital and assorted angels. A total of $30m of that came from Tiger Global and Sequoia as recently as May this year.
Marco Zappacosta, chief executive of Thumbtack, said: “We were already a strong and well capitalised business, but [Google Capital partner David Lavee] and Google Capital offer something truly special, and we couldn’t pass up the opportunity to work with them.
“David brings years of experience working to help small businesses market themselves online, and the Google Capital financing and partnership allows us to think even bigger and further expand our business.”