How to Buy ServiceTitan Stock in 2024

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ServiceTitan is a leading multi-billion-dollar startup offering comprehensive software solutions to over 11,800 home and commercial service providers. Its all-in-one platform supports various functions such as dispatching, scheduling, marketing, reporting, and call booking, helping contractors enhance their business operations and customer experiences. The company’s clientele includes a wide range of service providers, from plumbers and electricians to landscapers and HVAC companies. With an estimated annual revenue exceeding $500 million, ServiceTitan is poised for significant growth and is actively preparing for an IPO, potentially by the end of 2024.

How to Buy ServiceTitan Stock

Currently, ServiceTitan remains a private company, meaning it does not have a stock symbol or trade on public exchanges. However, accredited investors have the opportunity to purchase shares through Hiive, a platform that facilitates investments in private, pre-IPO, venture capital-backed startups.

Accreditation Requirements

To qualify as an accredited investor, you must meet at least one of the following criteria:

  • An individual annual income of $200,000 or a joint income of $300,000.
  • A net worth exceeding $1,000,000, excluding the primary residence.
  • Status as a qualifying financial professional.

ServiceTitan is among over 2,000 companies listed on Hiive. As of now, there are 18 listings for ServiceTitan stock, each created by different sellers, including current or former employees and investors. Buyers can view these listings, accept asking prices, place bids, or add the company to a watchlist for updates on new activity.

Can Retail Investors Buy ServiceTitan Stock?

Retail investors cannot directly purchase ServiceTitan shares while the company remains private. However, exposure to ServiceTitan is possible through Fundrise’s Innovation Fund, which invests in privately held, venture-backed technology companies. This fund allocated $10 million to ServiceTitan in June 2023, recognizing its growth potential in various markets. The Innovation Fund is accessible to non-accredited investors with a minimum investment of $10.

When Will ServiceTitan IPO?

ServiceTitan has been preparing for an IPO, initially planned for 2022 but delayed due to market conditions. As of December 2023, the company renewed its efforts to go public, hiring Michele O’Connor as Chief Accounting Officer to aid in this process. While no IPO date has been set, the company is expected to go public soon, given the improving IPO market climate. Once public, investors will need a brokerage account to purchase shares.

Founders and Company Background

ServiceTitan was founded by Ara Mahdessian and Vahe Kuzoyan in 2007. Inspired by their fathers, who worked as contractors, they developed software to improve business operations in the service industry. Since its inception, ServiceTitan has grown significantly, surpassing $100 million in annual recurring revenue (ARR) in 2018 and reaching an estimated $500–650 million by mid-2024. The company has raised $1.1 billion across eight funding rounds, indicating strong investor confidence.

Valuation and Investment

In June 2021, ServiceTitan’s Series G funding round valued the company at $9.5 billion. With current ARR estimates, its valuation could be around $19 billion. ServiceTitan has attracted investments from prominent firms like Thoma Bravo, Tiger Global Management, and Sequoia Capital.

FAQs About Investing in ServiceTitan

What is ServiceTitan?
ServiceTitan is a software company providing an all-in-one platform for home and commercial service providers, helping them manage various business functions efficiently.

How can I invest in ServiceTitan before its IPO?
Accredited investors can buy shares through Hiive, a platform for investing in private companies. Retail investors can gain indirect exposure through Fundrise’s Innovation Fund.

When is ServiceTitan expected to go public?
While there is no confirmed IPO date, ServiceTitan is preparing for a public offering, potentially within the next few months, as the IPO market conditions improve.

What are the risks of investing in private companies like ServiceTitan?
Investing in private companies involves risks such as market volatility, limited liquidity, and the uncertainty of an IPO timeline. It’s essential to assess these factors before investing.

Who are the major investors in ServiceTitan?
ServiceTitan has raised funds from notable investors, including Thoma Bravo, Tiger Global Management, and Sequoia Capital, among others.

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