Jobber has raised $100 million in a Series D round for its operations management software.
The firm will invest the new capital in research and development (R&D), sales and marketing, and new customer acquisition for the software used by home service businesses, Jobber said in a Tuesday (Feb. 7) press release.
“While this is an important milestone for Jobber, what we care about most is the success of the small businesses we serve,” Jobber CEO and Co-founder Sam Pillar said in the release. “We’re committed to doing everything we can to help them transform the way they deliver their services and operate their companies.”
Jobber’s software is currently used by 200,000 small home service businesses that provide lawn care, plumbing, residential cleaning, painting and other services. These firms earned $13 billion in revenue in 2022, according to the press release.
These small firms are finding increasing value in managing their workflows and cash flows through digital apps, Jobber Vice President of Payments and FinTech Laura Collinson told PYMNTS in an interview posted in 2021.
“Across many of these sectors, we’ve seen an acceleration of three to five years, measured in the adoption of digital tools,” Collinson said at the time.
The Jobber software helps these home service professionals send quotes, schedule crews, dispatch jobs, invoice customers and accept credit card payments, the release said.
“Although we’re proud of our growth to date, the real opportunity lies ahead of us,” Jobber Chief Revenue Officer Shawn Cadeau said in the release. “There are more than 6.2 million home service businesses in North America alone delivering more than $600 billion in services each year that can benefit greatly from using Jobber.”
As the platform moves toward its next iteration, the focus is on optimizing the trades with scheduling and seasonality tracking that helps a lawn care business, for example, stay busy through the winter months when there’s not a blade of grass to be cut, Jobber Payments and FinTech Lead Ryan Robertson told PYMNTS’ Karen Webster in an interview posted in January.
“We’re always focused on what are the ways that we can reduce friction, and the number of steps required and eliminate that complexity,” Robertson said at the time. “That’s the consistent theme that holds across the core operating system, if you will, as well as within the payments ecosystem that we’re building.”