Business News

Handybook raises $30m in Series B led by Revolution Growth

By Business & Finance
11 June 2014

New York City-based start-up Handybook the on-demand home cleaning and repair service, today announced it has closed a $30m Series B investment round led by Revolution Growth – the $450 million fund co-founded by Steve Case, Ted Leonsis and Donn Davis.

Existing investors Highland Capital Partners and General Catalyst Partners also participated in the round. Handybook has now raised $49m in total capital.

Handybook was founded in 2012 by two Harvard Business School classmates, Oisin Hanrahan and Umang Dua, to connect consumers with trusted home improvement and cleaning professionals. The company first launched in Boston and New York and quickly expanded to 26 markets throughout North America. With background checked professionals and a 100% money-back guarantee, Handybook is the easiest way to find, book and pay for on-demand home services.

“The Revolution Growth team has a unique track record of building and growing companies that will be valuable to Handybook as we develop the remote control for managing your home,” said CEO and co-founder, Oisin Hanrahan. “Their understanding of building a business on a local level, insight, guidance and capital will help us maintain our successful customer service model that is so important to us at Handybook.

According to co-Founder and COO, Umang Dua, “From ease of booking to working with trusted professionals to provide best in class service, our goal is to build an ongoing relationship with our customers who continue to turn to us for all their service needs within the home.”

Available across the United States and Canada, including New York, Los Angeles, San Francisco, Boston and Toronto, Handybook has experienced significant growth in 2014.  The brand purchased Exec, a West Coast based on-demand home cleaning and improvement brand in January 2014 and expanded into 12 additional cities this spring, including Toronto, Baltimore, Orlando, Tampa, Denver, San Antonio, Austin, Phoenix, Las Vegas, Portland, Sacramento and San Jose bringing the brand into 26 markets. The company’s expansion has led to an unprecedented rate of growth in customers, revenue and jobs booked as well as consistent double digit month over month growth since January 2014. Handybook continues to focus on deeply engaging with customers on the local level in each market and providing the best customer experience for an on-demand home cleaning and repair service.