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Handybook Raises $30 Million in Series B Led by Revolution Growth

Leading On-Demand Home Service Brand Has Now Raised a Total of $49mm

NEW YORK, June 11, 2014-- New York City-based startup Handybook, the leading on-demand home cleaning and repair service, today announced it has closed a $30 million Series B investment round led by Revolution Growth, the $450 million fund co-founded by Steve Case, Ted Leonsis and Donn Davis. Existing investors Highland Capital Partners and General Catalyst Partners also participated in the round. Handybook has now raised $49 million in total capital. With the new investment, Handybook will continue to build the team and product necessary to deliver a great consumer experience to meet growing demand across its 26 cities.

Handybook was founded in 2012 by two Harvard Business School classmates, Oisin Hanrahan and Umang Dua, to connect consumers with trusted home improvement and cleaning professionals. The company first launched in Boston and New York and quickly expanded to 26 markets throughout North America. With background checked professionals and a 100% money-back guarantee, Handybook is the easiest way to find, book and pay for on-demand home services. In addition to home cleaning, the brand offers home repair services including plumbing, electrical work, painting, moving, furniture assembly and many other tasks.

"The Revolution Growth team has a unique track record of building and growing companies that will be valuable to Handybook as we develop the remote control for managing your home," said CEO and Co-founder, Oisin Hanrahan. "Their understanding of building a business on a local level, insight, guidance and capital will help us maintain our successful customer service model that is so important to us at Handybook."

"We're focused on creating the best end to end consumer experience at Handybook" said Handybook Co-Founder and COO, Umang Dua. "From ease of booking to working with trusted professionals to provide best in class service, our goal is to build an ongoing relationship with our customers who continue to turn to us for all their service needs within the home."

"Investing in Handybook is consistent with our strategy of backing great entrepreneurs who are offering consumers more choice, control and convenience," said Steve Case, chairman and CEO of Revolution. "We've seen how quickly millions of people have embraced on-demand marketplaces for booking cars and places to stay, and we believe home services is the next big category ripe for disruption."

Available across the United States and Canada, including New York, Los Angeles, San Francisco, Boston and Toronto, Handybook has experienced significant growth in 2014. The brand purchased Exec, a West Coast based on-demand home cleaning and improvement brand in January 2014 and expanded into 12 additional cities this spring, including Toronto, Baltimore, Orlando, Tampa, Denver, San Antonio, Austin, Phoenix, Las Vegas, Portland, Sacramento and San Jose bringing the brand into 26 markets. The company's expansion has led to an unprecedented rate of growth in customers, revenue and jobs booked as well as consistent double digit month over month growth since January 2014. Handybook continues to focus on deeply engaging with customers on the local level in each market and providing the best customer experience for an on-demand home cleaning and repair service.

About Handybook

Founded in 2012 by Harvard Business School students, Oisin Hanrahan and Umang Dua, Handybook is an on-demand home improvement and cleaning service that provides trusted, fully vetted professionals for common household services. Since bookings are all by appointment, there is no 4-hour window or painfully long wait times. All bookings can be made online or at the tap of Handybook's app in just three steps - select your desired service, confirm the time of service and enter your email address. Handybook is currently available in over 26 cities worldwide.

For additional information, interviews or imagery, please contact:

Handybook

Lisa Frank
lisa@derris.com
646.362.4695


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