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Funding Round Series B led by Steve Case from Revolution Growth has been a great success! The 2012 start-up Handybook raised $30M from important investors: Revolution LLC, Highland Capital Partners and General Catalyst Partners, the last two being active in previous series A rounds.
Founded by Umang Dua and Oisin Hanrahan, in their room at Harvard Business School, Handybook is the new Uber for everything home-related.
Revolution LLC Supports Handybook
Revolution LLC partners and founders Donn Davis, Steve Case and Ted Leonsis state they have been looking for a long time for this type of start-up.
Donn Davis: “Our goal was to find an Uber for everything that happens in the gome: maintenance, cleaning, repair, plumbing – we all love our homes and hate the hassle”. And even if no company has fully matched their expectations, Davis ads: “No company has the full portfolio today, but Handybook was the closest. They have the best service, the best team, and we thought they had the best opportunity with our funding”
Handybook story and mission
Founded by two roommates with a common goal, Handybook has evolved in a positive and explosive way. In March 2014 they had 50 employees, active in 18 different cities, and have reached 150 employees and 26 cities.
Even if the major goal set after Handybook raised $30M is to use the funds received to expand even more and faster, founders Hanrahan and Umang Dua say they will focus on the cities in which they have already built a reputation.
Hanrahan: “We’re going to keep building the customer service team – it’s all about the customer experience. We’ve built quite a good engineering team in New York and will keep growing out the product”
Handybook raised $30M – Competition arises
However, they must keep up their professionalism, as competitor Homejoy has also received more than $40M in funding from angels like Google Ventures and Redpoint Ventures. Yet, they still have not achieved the $49M mark raised by Handybook since its foundation in 2012.