One of the byproducts of the Kovid-19 epidemic is that it has stepped up the game for businesses to have better digital tools for businesses and to get things for their own work. Today, a company called JoBar, which has created a platform that is declaring a round of funding – for a particular segment of the market – as home services professionals – is seeing its business grow.
The Canadian startup has raised $ 60 million in funding. Equity round led by Summit Partners, with participation from previous backers OMERS Ventures and Version One Ventures and the new Investors Tech Pioneers Fund.
Jobber’s platform is centered around management software to employ sole traders and small home services businesses and streamline their program, set up billing and manage their accounts and help market their services online. The funding phase comes at a time when Jobr already has some 100,000 customers in 47 countries and 50 service segments, including cleaning, electrical repair, landscaping, plumbing, and more.
This is a small piece of opportunity: Jobber estimates that those with domestic services and other traditions make up a workforce of some 5 million in the US alone, contributing more than $ 550 billion to the economy annually.
The rise of Jobber is an important moment not only in the macroeconomic sense, but also in the world of technology.
A large number of businesses in many sectors – for example, finance, human resources, medicine, commerce, education, and more – have spent decades adopting digital services to accomplish their work, a trend that has lasted one. The year has seen great acceleration and added intricacies that have brought the world of coronovirus work.
But within this trend, one of the last holdouts has been small business owners, and especially those who work in very “hands-on” areas such as home services, many using mobile phones, but not technology. Very few advertise themselves or run their own operations on the way.
This has seen a notable change in the past year. Consumers are more than ever before using the Internet to do business – whether it involves searching for companies or paying for goods and services – and traditional people have turned themselves in that direction, not only To meet the changing demands of consumers, but also to keep themselves safe and in business. On top of that, traditionally own populations are getting younger and more digitally native, and they are adopting and using these tools more naturally than their predecessors.
Jobber’s growth, in an interview to CEO Sam Pilar (who co-founded the company with Forrest Zissler, CTO), is being driven “by a number of factors, not just homeowners, but also providers of these services.” ” He said that many types of services that provide home services to people – home repair, our housekeeping, usually do not disappear with a type of epidemic.
“Those two trends meant that home services professionals performed better than you expected in the economy, and so did we,” Pilar said. “The younger generation of business owners are trying to figure out how to start or handle companies that they would use to manage otherwise there is a mass of paper.” So offering them solutions that are user-friendly also makes a difference, he said .. “Even though they are comfortable with technology, they are busy,” he said.
Jobber’s funding comes as part of a larger trend in startup construction services for later adopters in the B2B world, which is also boosting their business – and attracting attention from vice-chancellors.
These include hover, building technology and a comprehensive set of equipment for home repair to source materials, estimate pricing and work, and run the administration of its businesses, which generated a $ 60 million turnover in November . And in December GoSite raised $ 40 million for a platform to help all types of SMBs – the key factor being that many of them are coming online for the first time – to build and operate their businesses.
A fact of joining the trio is that they are not only tapping into the broader “digital transformation” trends, but that the need for their specialized services has actually come into focus especially in the past year.
“We believe the home service category is in the early stage of a significant digital transformation – and Jobr is paving the way for thousands of small and medium-sized service businesses to incorporate digital tools to meet customer expectations Working for. ” “, Colin Mistel, Head of Summit Partners in a statement.” The JOBER team strong product vision, data-driven market perspective and customer-centric approach – a powerful combination that we believe supports the company’s continued rapid growth We are thrilled to partner with the Jobber team – and we are excited about the future of this category. ”Mistel is joining the board with this round.
The company is not disclosing its valuation and raised just $ 16 million before this round.