San Francisco-based Thumbtack, which provides a marketplace service to help consumers hire local service professionals, announced it has raised $125 million in funding. The round was led by Baillie Gifford and included previous investors Tiger Global, Google Capital and Sequoia Capital. The funding values the company at more than $1.3 billion, according to the New York Times.
Thumbtack CEO Marco Zappacosta blogged about lessons learned over the years since 2011 when he and his team were seeking a Series A round and received 42 rejections. With the latest round, the company has now raised about $273 million in funding.