About ServiceTrade
ServiceTrade is a company based in Durham (United States) founded in 2012 by Brian Smithwick and Billy Marshall.. ServiceTrade has raised $119.81 million across 4 funding rounds from investors including JMI Management, Bull City Venture Partners and Frontier Growth. The company has 75 employees as of December 31, 2020. ServiceTrade has completed 2 acquisitions, including ASURiO and NorthBoundary. ServiceTrade offers products and services including OPERATIONS PLATFORM, Sales Success, InspectionManager, and PartsManager. ServiceTrade operates in a competitive market with competitors including ServiceTitan, Jobber, Housecall Pro, Tradify and Corrigo, among others.
- Headquarter Durham, United States
- Employees 75 as on 31 Dec, 2020
- Founders Brian Smithwick, Billy Marshall
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$00as on Apr 30, 2015
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Net Profit
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EBITDA
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Total Equity Funding
$119.81 M (USD)
in 4 rounds
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Latest Funding Round
$85 M (USD), Series C
Dec 06, 2021
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Investors
JMI Management
& 2 more
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Employee Count
75
as on Dec 31, 2020
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Investments & Acquisitions
ASURiO
& 1 more
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Products & Services of ServiceTrade
ServiceTrade offers a comprehensive portfolio of products and services, including OPERATIONS PLATFORM, Sales Success, InspectionManager, and PartsManager. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for streamlining operations and optimizing field performance.
Tools for managing sales pipelines and creating proposals.
Platform for code-compliant inspections and reporting.
Software for parts forecasting and purchasing.
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Software Development Team
23 people
Sales and Marketing
16 people
Product Management Team
9 people
Senior Team
8 people
Customer Team
6 people
Leadership Team
5 people
Finance and Accounting
3 people
Human Resources and Administration
3 people
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Funding Insights of ServiceTrade
ServiceTrade has successfully raised a total of $119.81M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $85 million completed in December 2021. 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 4
- Last Round Series C — $85.0M
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First Round
First Round
(11 Jan 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series C - ServiceTrade | Valuation | JMI Management | |
| Aug, 2020 | Amount | Series B - ServiceTrade | Valuation | Frontier Growth , Bull City Venture Partners |
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| Apr, 2015 | Amount | Series A - ServiceTrade | Valuation |
investors |
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| 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 ServiceTrade
ServiceTrade has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include JMI Management, Bull City Venture Partners and Frontier Growth. 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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Private equity firm investing in software companies
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided for B2B software founders.
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Founded Year | Domain | Location | |
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Investments in technology sectors are made by Frontier Growth.
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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 ServiceTrade
ServiceTrade has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ASURiO and NorthBoundary. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Platform offering sales enablement solutions for enterprises
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1996 | ||||
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Cloud-based inspection management software is provided for operational efficiency.
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1990 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ServiceTrade
| 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 |
Servicetrade Comparisons
Competitors of ServiceTrade
ServiceTrade 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 ServiceTitan, Jobber, Housecall Pro, Tradify and Corrigo, 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 |
Business management software is offered for home service providers.
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| domain | founded_year | HQ Location |
Business management software is offered for home service providers.
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| domain | founded_year | HQ Location |
Business management software is provided for home service professionals.
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| domain | founded_year | HQ Location |
Job management software for field service trades is offered.
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| domain | founded_year | HQ Location |
Mobile SaaS applications for field services are offered.
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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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Latest news on Servicetrade
Frequently Asked Questions about ServiceTrade
When was ServiceTrade founded?
ServiceTrade was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is ServiceTrade located?
ServiceTrade is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Who is the current CEO of ServiceTrade?
William Chaney is the current CEO of ServiceTrade.
Is ServiceTrade a funded company?
ServiceTrade is a funded company, having raised a total of $119.81M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4.11M, raised on Jan 11, 2013.
How many employees does ServiceTrade have?
As of Dec 31, 2020, the latest employee count at ServiceTrade is 75.
What does ServiceTrade do?
ServiceTrade was established in 2012 in Durham, United States, within the software sector for home services. Field solutions are offered to contractors and businesses, encompassing scheduling, dispatching, quoting, work orders, routing, and photo with data capture. Customer updates are enabled through these integrated features, supporting operational efficiency in the industry.
Who are the top competitors of ServiceTrade?
ServiceTrade's top competitors include ServiceTitan, Housecall Pro and Jobber.
What products or services does ServiceTrade offer?
ServiceTrade offers OPERATIONS PLATFORM, Sales Success, InspectionManager, and PartsManager.
How many acquisitions has ServiceTrade made?
ServiceTrade has made 2 acquisitions, including ASURiO, and NorthBoundary.
Who are ServiceTrade's investors?
ServiceTrade has 3 investors. Key investors include JMI Management, Bull City Venture Partners, and Frontier Growth.