Thumbtack Raises New Funding at a $1.3 Billion Valuation

Thumbtack, which handles marketing and job listings for professionals like yoga instructors and electricians, has raised $125 million and is now valued at about $1.3 billion. The investment catapults the six-year-old start-up into the ranks of the unicorns, a popular term for privately held companies that are valued at more than $1 billion. Thumbtack was valued at around $750 million last year. The Scottish money management firm Baillie Gifford led the latest funding, which nearly doubles the amount of money Thumbtack has raised, and previous investors including Tiger Global, Google Capital and Sequoia Capital also participated.

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