US-based office maintenance service Managed by Q has raised $25m in a series B round featuring GV, the corporate venturing division of conglomerate Alphabet, the New York Times reported on Friday.
Kapor Capital, the investment arm of Kapor Center for Social Impact, also contributed funds. Managed by Q will foster diversity and inclusion through training and other means as part of its deal with Kapor.
Founded in 2013, Managed by Q operates an on-demand or scheduled service that businesses can use to book cleaning and maintenance staff, including handymen who can assist with tasks such as changing light bulbs and assembling furniture.
Managed by Q directly hires all its employees rather than relying on contractors, paying them above minimum wage and offering a range of benefits including health insurance.
The company currently operates in New York, Chicago, San Francisco and Los Angeles. The money will help it strengthen its market position in those locations and support technology development. MG Siegler, general partner at GV, will join Managed by Q’s board.
Managed by Q previously obtained $15m in series A capital in a June 2015 round led by venture capital firm RRE Ventures. Greycroft Partners, Homebrew, Sherpa Ventures, SV Angel, Steadfast Financial and assorted angel investors also took part in that round.
Homebrew, RRE Ventures, Haywire VC and undisclosed other investors provided $1.65m for the company in a November 2014 seed round, adding to $775,000 in seed capital secured from Slow Ventures and angel investors in August 2014.
The seed capital was raised in the form of debt financing and has since been converted into equity.