Thumbtack, the modern home management platform, has announced it has secured a US$275 million investment at a valuation of US$3.2 billion. The round was led by Qatar Investment Authority (QIA) and joined by Blackstone Alternative Asset Management (BAAM) as well as G Squared. Prior investors Baillie Gifford, CapitalG, Founders Circle Capital, Sequoia Capital, and Tiger Global Management also participated. The new funding will be used to accelerate innovation, fuel the company’s growth, and drive continued adoption.
Latham & Watkins LLP represents Thumbtack in the transaction with a Bay Area-based deal team led by partners Rick Kline, Sarah Axtell, and Saad Khanani, with associates Betsie Stukenborg and Adam Zuckerman. Advice was also provided on tax matters by partner Grace Lee, with the associate Derek Gumm; and on benefit and compensation matters by partners Jay Metz and Ashley Wagner.