article thumbnail

With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

TechCrunch LA

Who knew building a vertical software as a service toolkit focused on home heating and cooling could be worth $8.3 In all, the new $500 million round likely sets the stage for a public offering later this year or before the end of 2022 if market conditions hold. Rowe Price, Dragoneer Investment Group, and ICONIQ Growth.

SaaS 292
article thumbnail

How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

The company’s stock tanked by more than 26 percent, representing a $230 billion reduction in market cap and a $31 billion drop in Zuckerberg’s personal net worth. — Lucas Matney (@lucasmtny) February 6, 2022. “ Crypto investment starts 2022 with a roar. Image Credits: TechCrunch. other things.

Marketing 246