article thumbnail

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

TechCrunch LA

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.

article thumbnail

9 Innovative Startups To Watch For in 2024

Tech.Co

Bobbie’s growth snowballed after caregivers sought new sources of baby formula during the nationwide shortage in 2022. million in 2022. million in 2022 to $5 million in 2023. Brightwheel is a SaaS childcare management solution that provides technology to preschools. You can unsubscribe at any time.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? Probably not and 10x (May 2022) seems more in line with the historical trend (actually 10x is still high).

article thumbnail

ServiceTitan Eyes IPO

socalTECH

According to reports, the company has "kicked off preparations" for an IPO in early 2022. Los Angeles-based ServiceTitan, which develops software-as-a-service products to help home service and contractors manage their business and service calls, is reportedly looking to file for an IPO. billion earlier this year.

article thumbnail

Down bad

TechCrunch LA

— Alex Cohen (@anothercohen) June 18, 2022. — Molly White (@molly0xFFF) June 16, 2022. Our guest, Aaron Levie, built a successful SaaS business in Box, and now he’s on a mission to beef – respectfully – with web3 stans all over Twitter. Bitcoin looks like Chamath took it public via a SPAC. uh coindesk are you ok?

article thumbnail

Praying to the God of Valuation

Both Sides of the Table

Sure, we built SaaS products before the term even existed but at 31 it was hard to delineate reality from what all of the monied people around us were telling us what we were worth. People proclaimed that there was a “new economy” and “the old rules didn’t apply” and if you questioned it you “just didn’t get it.” Until we weren’t.