DENVER, CO — JUNE 23, 2022 — Housecall Pro, an industry-leading software platform trusted by over 25,000 home service companies, has raised $125 million in additional funding from Permira Growth Opportunities and Vista Credit Partners.
Over the past nine years, Housecall Pro’s all-in-one platform has been empowering home service professionals to save time, grow profitably, and provide best-in-class service to their customers. The $125 million will allow Housecall Pro to continue pursuing its vision to provide the complete business and financial operations solution for small and midsize home services businesses.
“Every day, Housecall Pro empowers the home services industry. With this additional funding, we will continue scaling our organization to deliver the product features our customers want and need most. Our team makes a meaningful impact on the lives of our 25,000-plus customers every day, pursuing excellence in all we do in support of the Pro,” said Mike Beaudoin, Housecall Pro CEO.
Alex Melamud, Principal at Permira, who joins the Board, commented: “We are inspired by Housecall Pro’s mission-driven approach in helping drive digital transformation in a core part of our economy. We are proud to back Mike and the team on their journey, and look forward to leveraging our experience in software and fintech to support the company’s growth and continue enabling home service technicians nationwide.”
“Housecall Pro is transforming a foundational market through its technological innovation and best-in-class platform,” said David Flannery, President of Vista Credit Partners. “We are excited to partner with the Housecall Pro team as they explore and realize their growth potential.”
About Housecall Pro
Housecall Pro is a top-rated business solution that helps home service professionals save time, sell bigger jobs, and provide best-in-class service. With easy-to-use tools for scheduling, dispatching, payments, and more, Housecall Pro enables Pros to manage every aspect of their business all in one place. The platform is available through a mobile app and web portal for Pros across the United States and Canada. Founded in 2013, Housecall Pro has been Championing Pros to Success through ever-improving product solutions and strong community support for over eight years. Housecall Pro’s brand portfolio includes BuildBook, construction management software for builders and remodelers. For more information, please visit HousecallPro.com.
Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds with total assets under management of US$65bn+ and makes long-term majority and minority investments. Permira employs over 450 people in 16 offices across the United States, Europe, and Asia. The Permira funds have an extensive track record in technology investing, having invested US$15.4 billion in 48 companies across SaaS, cybersecurity, digital commerce, fintech and online marketplaces. Permira invested in Housecall Pro via its Growth Opportunities Fund; its strategy is to back disruptive and market leading companies as they scale to the next level. The Permira funds have previously supported and helped scale some of the largest and fastest-growing technology businesses globally, including Klarna, Mirakl, Zwift, Nexthink, G2, FullStory, Carta, AllTrails, Sysdig, GWI, GoCardless, Salsify and SonarSource. Permira closed its second Growth Opportunities Fund in December 2021 at $4 billion. For more information, visit www.permira.com or follow the company on LinkedIn or Twitter.
Permira was advised by RBC Capital Markets on the transaction.
Vista Credit Partners is the credit-investing arm of Vista Equity Partners and is a strategic investor and financing partner focused on the growing enterprise software, data, and technology market. Vista Credit Partners employs a highly disciplined approach to credit investing while maintaining flexibility to pursue investments offering the best relative value and investing across the capital structure. Since formation in 2013 and as of March 31, 2022, Vista Credit Partners has deployed over $8.6 billion and grown to over $6.4 billion of assets under management. For more information, please visit www.vistacreditpartners.com.