About Pro Referral
Pro Referral is a company based in Foster City (United States) founded in 2008 by Alireza Baktashian was acquired by The Home Depot in January 2012.. Pro Referral has raised $7.45 million across 2 funding rounds from investors including The Home Depot, TechCrunch+ and Mayfield. Pro Referral operates in a competitive market with competitors including Handy, Houzz, Porch, Puls and Angi, among others.
- Headquarter Foster City, United States
- Founders Alireza Baktashian
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Sectors
Business ServicesReal Estate & Construction Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.45 M (USD)
in 2 rounds
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Latest Funding Round
$7.4 M (USD), Series A
Aug 05, 2010
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Investors
The Home Depot
& 3 more
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Employee Count
Employee Count
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Acquired by
The Home Depot
(Jan 20, 2012)
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Software Development Team
203 people
Sales and Marketing
74 people
Human Resources and Administration
70 people
Leadership Team
67 people
Product Management Team
62 people
Senior Team
54 people
Data Analysis and Operations Team
51 people
Operations Team
49 people
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Funding Insights of Pro Referral
Pro Referral has successfully raised a total of $7.45M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.4 million completed in August 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $7.4M
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First Round
First Round
(09 Sep 2009)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2010 | Amount | Series A - Pro Referral | Valuation | Mayfield , Venrock |
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| Sep, 2009 | Amount | Seed - Pro Referral | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pro Referral
Pro Referral has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include The Home Depot, TechCrunch+ and Mayfield. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Mayfield is focused on AI innovation and venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location | |
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Multi-category news on technology and startups is provided online.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pro Referral
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pro Referral
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pro Referral Comparisons
Competitors of Pro Referral
Pro Referral operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Handy, Houzz, Porch, Puls and Angi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online marketplace that provides home repair & maintenance services
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| domain | founded_year | HQ Location |
Home design, decorating, and renovation platform is operated online.
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| domain | founded_year | HQ Location |
Online listing platform for home improvement service professionals
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| domain | founded_year | HQ Location |
Electronic repairs are delivered on-demand by vetted technicians at doorsteps.
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| domain | founded_year | HQ Location |
Home repair professionals are hired via an app-based platform.
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| domain | founded_year | HQ Location |
Web application that enables tradesmen to create customized preventive maintenance programs
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Pro Referral
When was Pro Referral founded?
Pro Referral was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Pro Referral located?
Pro Referral is headquartered in Foster City, United States. It is registered at Foster City, California, United States.
Who is the current CEO of Pro Referral?
Alireza Baktashian is the current CEO of Pro Referral. They have also founded this company.
Is Pro Referral a funded company?
Pro Referral is a funded company, having raised a total of $7.45M across 2 funding rounds to date. The company's 1st funding round was a Seed of $50K, raised on Sep 09, 2009.
What does Pro Referral do?
Pro Referral (rebranded from Redbeacon) is an online closed marketplace platform that connects homeowners with local home improvement service providers. Users need to specify their project requirements and the Pro Referral team connects them with relevant service providers. Users can then choose amongst them based on the community reviews, availability, and estimates. The company was founded in 2008 as Redbeacon and got acquired by The Home Depot in 2012. In Mar. 2016, it rebranded itself from Redbeacon to Pro Referral.
Who are the top competitors of Pro Referral?
Who are Pro Referral's investors?
Pro Referral has 4 investors. Key investors include The Home Depot, TechCrunch+, Mayfield, and Venrock.
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