ServiceTitan Raises $80M

Glendale-based ServiceTitan, which develops business management software for the home services and contracting industry, has raised $80M in a Series B funding, the company announced this morning. ServiceTitan said the new funding was led by ICONIQ Capital. ServiceTitan's software is used by residential plumbing, HVAC, and electrical service providers to manage everything from dispatch to invoice management, marketing, and reporting for those home services professionals. The startup is led by co-founder and CEO Ara Mahdessian and co-founder and President Vahe Kuzoyan. The company said the funding will go towards accelerating new features to the company's software, including online booking, more robust inventory management, integration with accounting systems, and more.