Thumbtack was founded in San Francisco, California, in 2008, by
Marco Zappacosta, Jeremy Tunnell, Jonathan Swanson, and Sander Daniels. Thumbtack was an early contributor to what would be coined the "
gig economy." By February 2012, Thumbtack had reached 250,000 local merchants and service professionals utilizing the platform. In December 2020, Thumbtack acquired Setter, a
Toronto-based startup that offered virtual home consultations to help homeowners find home improvement vendors. The acquisition terms were not disclosed. In April 2024, Thumbtack released an updated
mobile app that offered automated recommendations, project advice, and
AI-supported search capabilities. The app's redesign was largely based on
millennial homeowner phone-centric habits and preferences. As of June 2025, American business magazine
Forbes reported that 300,000 local professionals from service businesses are active on the platform.
Funding and revenue In June 2010, Thumbtack.com raised $1.2 million in funding, primarily from
angel investors. In January 2012, Thumbtack raised another $4.5 million through a
Series A round of venture capital funding. In June 2013, Thumbtack raised an additional $12.5 million through a
Series B round of venture capital funding. In May 2014, Thumbtack raised $30 million through a Series C round of venture capital funding from
Sequoia Capital and
Tiger Global Management. In August 2014, Thumbtack raised $100 million through a Series D round of venture capital funding, led by Google Capital. In September 2015, Thumbtack raised $125 million of venture capital funding, in a Series E round led by
Baillie Gifford. In July 2019 the company secured $150 million at a valuation of nearly $1.7 billion, in a Series F round led by
Sequoia Capital. In July 2021 the company raised $275 million at a $3.2 billion valuation led by the
Qatar Investment Authority. In July 2024, the company announced $75 million in debt financing from
Silicon Valley Bank. In its 2024
fiscal year, American business magazine
Fast Company reported that Thumbtack earned $400 million in revenue, with "billions of dollars" going to approximately 300,000 small businesses that work via the platform. == Partnerships ==