ara mahdessian

ara mahdessian

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Glendale-Based ServiceTitan Adds Landscaping to Its Platform for Trades Workers

A platform built for the millions of contractors and blue-collar tradespeople, ServiceTitan has become a giant.

Built by the children of immigrant trades workers, the Glendale-based company picked up Aspire Software, adding landscaping to its software platform for residential and commercial contractors. ServiceTitan also raised $200 million in Series G funding.

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A SaaS Startup for Tradespeople, Glendale-Based ServiceTitan Raises $500M

ServiceTitan is decidedly uncool and unglamorous, making all-in-one software for residential and commercial HVAC, plumbing, electrical and tradesmen. But that model has made it one of Southern California's most valuable startups.

The Glendale-based company announced Friday it has raised a half billion dollars at a $8.3 billion valuation. The round was led by Tiger Global Management and Sequoia Capital Global Equities with participation from H.I.G. Growth Partners. Existing investors participated, including Arena Holdings, Battery Ventures, Bessemer Venture Partners, Dragoneer Investment Group, Durable Capital Partners LP, ICONIQ Growth and Index Ventures.

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'We Will Do Anything It Takes': How Service Titan Built Its Product Around the Immigrant Entrepreneurial Experience

Shoeboxes full of invoices and receipts ignited the idea of ServiceTitan for Ara Mahdessian, the company's co-founder and CEO.

An Armenian kid from Iran, Ara immigrated with his family to the U.S. as a young boy. He watched his parents assimilate to their new country while toiling into late hours of the night in order to give their family a good life. Ara said, "I remember my parents would come home...extremely tired, exhausted, dusty and still have hours of work to do...And all this happened at dinner time. It happened after dinner. And so was this work that never ended."

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