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Jobber Raises $60 Million, Seeks to Capitalize on the Industry Spike

Powered Now Trade News 1 min 13 Mar 2021

The COVID-19 pandemic has induced businesses to have superior digital tools to interface with clients to get things done in a better way. One of the famous organizations called Jobber has elevated $60 million in equity funds to a spike in the industry due to Covid-19.

About Jobbers

Jobber is a developer of customer management and job tracking software to manage the organizations that offer home service. They deal in software that offers task management, workflow scheduling, self-serve online portal, online booking, and automated client notifications.

Therefore, it enables all the sole-traders and small home services businesses to organize their entire operations from scheduling jobs to collect payments they have got you covered.

Large Market, Unexpected Demand

There are around 5 million small as well as medium-size home service businesses in the U.K. Most of the small businesses face some challenges during the COVID-19 pandemic to deliver home services like electrical contracting, cleaning, lawn care, plumbing, landscaping, electrical repairs, HVAC, and more.

So in order to renew the interest of consumers by improving and investing in home living spaces, they decide to seek to capitalize on the industry. The process was initiated by Summit Partners with contributions from its existing investors Version One Ventures, OMERS Ventures and, new backers Tech Pioneers Fund.

According to research, the U.K. home service market valued USD 7.49 Billion in 2018. Further, it is expected to increase at a USD 13.48 Billion growth rate by 2026. So, in this way, Jobbers can make your trade business thrive in the post-Covid world.

In concurrence with the funding, Colin Mistele, who is Principal at Summit Partners, has also joined the Jobber’s Board of Directors. The funding has come round when Jobber has nearly 100,000 customers across 47 countries as well as 50 service segments.

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