Handy, on-demand home service provider, has raised $50 million in its Series C round of funding led Fidelity Management and Research Company along with other participants that include existing investors TPG Ventures, General Catalyst, Highland Capital and Revolution Growth.
Founded in 2012 by Oisin Hanrahan and Umang Dua, the startup Handy helps the user to connect with top-quality, prescreened independent professionals who help in cleaning or repairing the house. Hanrahan, CEO of Handy said, “Our vision has been simple – to connect customers to professionals of virtually every home service with the tap of a button. 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.”
With the fresh funds, Handy intends to stabilize its position in the market as a leader in the home services sector in the USA and the UK. It plans to invest in 28 markets where it is already active before expanding to other cities and countries by the end of next year. Hanrahan said, “We want to deliver a better customer experience and a better experience for the pros on our platform.” The company also plans to move beyond cleaning services and want to deliver every possible service for every house.
Handy claims to be a growing company with more than 1 million cumulative bookings in the month of June alone of which the 80% of them were repeat customers. Till date, it has raised funding of more than $110 million. Just before the funding announcement, the company hired Ben Kelly, Birchbox’s former director of data science. Having taken up a similar role in the startup, he would use his analytics and data skills to improve the efficiency of Handy’s matchmaking service.