ServiceTitan was valued at $9.5 billion this summer.
ServiceTitan
A unicorn may times over, ServiceTitan Inc. is ready to go public.
The Glendale software provider for the home and commercial service industries is preparing for an initial public offering, reported Reuters this week.
The development follows a $200 million Series G this summer that valued the company at $9.5 billion. ServiceTitan is reportedly hoping to double that valuation with an IPO.
The news comes as the company added two seasoned technology experts to its board of directors: Diya Jolly, chief product officer at Okta, and Sameer Dholakia, former CEO of SendGrid.
Read more at Reuters.
Here’s what else L.A.-area tech companies got up to this week:
Funding
- Assembly, a Culver City e-commerce software and data platform, has announced a significant capital injection led by Advent International that has boosted the company’s valuation north of $1 billion.
- Blue Bear Capital, a Beverly Hills venture and growth equity firm focused on AI-powered solutions for the world’s energy, infrastructure and climate challenges, announced the oversubscribed final close of its second venture capital fund at its hard cap of $150 million.
- Fifth Wall, a Venice venture capital firm focused on technology for the real estate industry, has raised more than $140 million for its Climate Tech Fund from Equity Residential, Hudson Pacific Properties, Invitation Homes, Ivanhoé Cambridge and Kimco Realty Corporation.
- El Segundo-based Saviynt Inc. has closed $130 million in financing from HPS Investment Partners and PNC Bank, bringing its total funding to $170 million, to invest in R&D and personnel for its cloud-based identity solution.
- Omaze Inc., the Los Angeles social impact fundraising platform that offers the chance to win once-in-a-lifetime prizes to support charities, has secured $85 million in new capital led by Louis Bacon's Moore Strategic Ventures with participation from celebs including Bono, Kerry Washington, Tom Brady and Alexis Ohanian.
- Los Angeles livestream shopping platform NTWRK has raised $50 million led by the Growth Equity business within Goldman Sachs Asset Management and global luxury group Kering.
- Los Angeles home audio company Syng, founded by Longtime Apple designer Christopher Stringer, has closed a $48.75 million Series A led by Palo Alto-based Eclipse Ventures.
- Riverside-based WurkNow Inc., a fully integrated, digital staffing and workforce management platform for hourly work, has closed a $10 million Series A funding round led by Newport Hayseed Group.
- Just Insure, a Los Angeles-based pay-per-mile insurance technology company that uses telematics to reward safe drivers and reduce insurer bias, has raised $8 million, bringing its total funding amount to $15 million.
- On the heels of the launch of its video marketplace and creator network, Los Angeles-based CreatorUp has closed a $5 million Series A led by New Markets Venture Partners.
- Fuzzybot, a Los Angeles video game studio founded by a couple of former EA developers, has raised $3.5 million for its “ambitious cross-genre, co-op game.”
- Los Angeles-based Welcome, a city guide powered by friends and experts and made smart by a real-time AI, has launched out of beta with $3.5 million in seed funding led by Accel that brings its total funding to $4.2 million.
- DogDrop Inc., a Los Angeles-based dog care startup, has secured $2.9 million in funding led by Fuel Capital to scale convenient, tech-enabled dog care locations across the U.S.
- Together Casa Inc. has raised $2 million for its three-sided marketplace where people to find, join and start communities, called casas, centered around shared values and interests.
- Perch Mobility, the Los Angeles provider of portable charging pods that fuel the micromobility industry, has closed a seed funding round, enabling the company to deploy more than 20 commercial modular electric scooter charging stations across the nation, especially California and Texas, and launched a partnership with LAZ Parking.
Acquisitions
- On the heels of raising $40 million, Culver city influencer marketing platform CreatorIQ has acquired San Francisco-based influencer marketing analytics platform Tribe Dynamics.
- Brea-based Karman Missile & Space Systems, backed by Dallas-based Trive Capital, has acquired Seattle-area Systima Technologies Inc., which can integrate energetic and mechanical systems into the structural design of mission critical space or hypersonic systems.
- Pasadena fin-tech firm Groundwork has been snapped up by Seattle-based Snap Mobile, the parent company of the fundraising platform Snap Raise, for its banking and financial management services.
Partnerships
- Bird Rides Inc. has launched a free integration between its shared scooter platform and local bikeshare service providers in Oslo, Austin, Los Angeles, San Antonio and Milwaukee to help encourage multimodal mobility.
PlayVS is partnering with Special Olympics North America to offer esports to Unified Champion Schools.
Special Olympics Indiana
- PlayVS, the Los Angeles amateur esports platform and operator of official state high school and national college esports leagues in the United States and Canada, has partnered with Special Olympics North America to grow Special Olympics Unified esports, which combines students with intellectual disabilities and without on inclusive esports teams. Under the deal, PlayVS will serve as the official high school esports league operator in the United States.
Launch
The newly rebranded BITE has created the first ever 100% plastic free deodorant with compostable refills.
Evan Robinson/Bite
- Los Angeles-based BITE, which got its start offering an all-natural, zero-waste, toothpaste tablet, has expanded its product line to include a plastic-free deodorant with compostable refills and rebranded to mean “Because It’s The Earth.”
