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Handybook Raises $30 Million In Revolution-Led Series B
<!DOCTYPE html><html lang="en"><head><meta charSet="utf-8"/><title>Handybook Raises $30 Million In Revolution-Led Series B</title><link rel="preload" href="https://i.forbesimg.com/assets/fonts/merriweather/merriweather-bold-webfont.woff2" as="font" type="font/woff2"/><link rel="preload" href="https://i.forbesimg.com/assets/fonts/work-sans/worksans-regular-webfont.woff2" as="font" type="font/woff2"/><link rel="preload" href="https://i.forbesimg.com/assets/fonts/schnyder-s-bold.otf" as="font"/><link rel="preload" href="https://i.forbesimg.com/assets/fonts/Schnyder/Schnyder-SDemi-Web.woff2" as="font"/><meta http-equiv="Content-Language" content="en_US"/><meta name="viewport" content="width=device-width,initial-scale=1,maximum-scale=5,minimum-scale=1,user-scalable=yes"/><meta name="description" itemProp="description" content="Handybook, which aims to make scheduling a home cleaner, plumber or handyman as simple as hailing an Uber car, has now raised a total of $49 million since it launched 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class="ef7tZD8z DlCaB" data-testid="locked-top-ad-container" aria-hidden="true" role="presentation" tabindex="-1"></div><main class="_4tKaI MFONZ"><div class="ITdpl KpLaT"><div class="HUZQQ"><div class="_8cjw-SPU fTSKiIOA cB20L uEn4T"><span class="_6Q2IDc-r"><a class="isDg-4PG" href="https://www.forbes.com/leadership/" data-ga-track="breadcrumb-L2">Leadership</a></span><span class="_6Q2IDc-r"><span class="KChd-Vju" data-testid="separator"><svg class="fs-icon fs-icon--chevron-right" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24"><path d="M8.2 7.2L13 12l-4.8 4.8 1.5 1.4L16 12 9.7 5.8z"></path></svg></span><a class="isDg-4PG" href="https://www.forbes.com/ceo-network/" data-ga-track="breadcrumb-L3">CEO Network</a></span></div></div><h1 class="dp_VC">Handybook Raises $30 Million In Revolution-Led Series B</h1><div class="AhtZ3 CU3md"><div class="ZgVJj"><div class="vDF8R"><div data-testid="truncation-inner" class="_9GOxm"><span style="-webkit-line-clamp:1" class="Ccg9Ib-7 Msqbf CRVMw"><div class="Na3NTglQ _51GWpoAk CF_dd"><span class="ujvJmzbB LfmqX">By</span><a class="_4tin10wS _9xFYp" href="https://www.forbes.com/sites/stevenbertoni/" rel="noreferrer" target="_self">Steven Bertoni</a><span class="AtUb4gy8 LfmqX DHzQR">, Forbes Staff. </span></div> <!-- -->Steven Bertoni is a New York-based editor who covers entrepreneurs. </span></div></div><div class="T65Fn"></div></div><div style="position:relative"><button type="button" class="_18BedXz4 zfmcPBtS _9gE86Z3W RGcmU lOw_p Nd7xMFo8" disabled="" data-testid="variants"><span class="">Follow Author</span></button></div></div><span class="ycHdAQ4U _0th4g">Jun 11, 2014, 08:53am EDT</span></div><div class="YHOim KpLaT jOjL0"><div class="WkaGZ"><div class="e9YVP"><div class="rwK2G"><div class="socialShareContainer"><button type="button" aria-label="open share menu" class="sTVDLFT0 AYwaD CKkMh"><svg class="fs-icon fs-icon--share" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24"><path fill-rule="evenodd" clip-rule="evenodd" d="M18 16.1c-.8 0-1.4.3-2 .8l-7.1-4.2c.1-.2.1-.5.1-.7s0-.5-.1-.7L16 7.2c.5.5 1.2.8 2 .8 1.7 0 3-1.3 3-3s-1.3-3-3-3-3 1.3-3 3c0 .2 0 .5.1.7L8 9.8C7.5 9.3 6.8 9 6 9c-1.7 0-3 1.3-3 3s1.3 3 3 3c.8 0 1.5-.3 2-.8l7.1 4.2c-.1.2-.1.4-.1.6 0 1.6 1.3 2.9 2.9 2.9s2.9-1.3 2.9-2.9-1.2-2.9-2.8-2.9z"></path></svg></button></div><button disabled="" type="button" aria-label="save article" class="sElHJWe4 CKkMh RbOxY _0YX29K8j"><svg class="fs-icon fs-icon--saved-article" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20"><path d="M13.9 3c.7 0 1.3.6 1.3 1.3V17L10 13.9 4.8 17V4.3c0-.7.5-1.3 1.3-1.3h7.8z"></path></svg><span class="ktx_b IHojBFcO">Save Article</span></button></div><span id="highlight-wrapper"></span><div class="Sx49T"><svg class="bI3wj" xmlns="http://www.w3.org/2000/svg" viewBox="-5 -5 30 30" data-test-id="clockIcon"><path d="M12.5 7H11v6l5.2 3.1.8-1.2-4.5-2.7V7zM12 20c-4.4 0-8-3.6-8-8s3.6-8 8-8 8 3.6 8 8-3.6 8-8 8zm0-18C6.5 2 2 6.5 2 12s4.5 10 10 10 10-4.5 10-10S17.5 2 12 2z"></path></svg><span data-test-id="elderlyLabel" class="byn9U">This article is more than<!-- --> <!-- -->10<!-- --> <!-- -->years old.</span></div><div class="p5_3X"><div class="b6Cr_ article-body-container"><div class="fs-article fs-responsive-text current-article article-body"><p>Handybook just mopped-up $30 million in new funding in a Series B investment round led by <a href="http://www.forbes.com/profile/steve-case/" target="_self" data-ga-track="InternalLink:http://www.forbes.com/profile/steve-case/" aria-label="Steve Case's">Steve Case's</a> <a href="http://revolution.com/revolution-growth#.U5hO5HJdXmc" target="_blank" rel="nofollow noopener noreferrer" data-ga-track="ExternalLink:http://revolution.com/revolution-growth#.U5hO5HJdXmc" aria-label="Revolution Growth">Revolution Growth</a> fund.</p> <p>The New York start-up, which aims to make scheduling a home cleaner, plumber or handyman as simple as hailing an Uber car, has now raised a total of $49 million since it launched in 2012. Previous investors <a href="http://www.generalcatalyst.com/" target="_blank" rel="nofollow noopener noreferrer" data-ga-track="ExternalLink:http://www.generalcatalyst.com/" aria-label="General Catalyst Partners">General Catalyst Partners</a> and <a href="http://www.hcp.com/" target="_blank" rel="nofollow noopener noreferrer" data-ga-track="ExternalLink:http://www.hcp.com/" aria-label="Highland Capital Partners">Highland Capital Partners </a>also participated in the round. Handybook would not comment on its valuation.</p> <div class="article_paragraph_2"></div> <p>The New York start-up has been on a growth streak. When I<a href="http://www.forbes.com/sites/stevenbertoni/2014/03/26/handybook-wants-to-be-the-uber-for-your-household-chores/" target="_self" data-ga-track="InternalLink:http://www.forbes.com/sites/stevenbertoni/2014/03/26/handybook-wants-to-be-the-uber-for-your-household-chores/" aria-label="interviewed Handybook CEO"> interviewed Handybook CEO </a>Oisin Hanrahan back in March, the company had 50 employees and operated in 18 cities. Three months later those numbers have surged to 150 employees and 26 cities. Hanrahan and cofounder Umang Dua plan to use the new cash to expand even faster. "We’re going to enter some new cities, but we’ll focus more on the cities we’re already in, " says Hanrahan. "We’re going to keep building the customer service team—it's all about customer experience. We've built quite a good engineering team in New York and will keep growing out the product."</p> <p>Revolution partner Donn Davis said the fund--which he co-founded with AOL alumi Steve Case and Ted Leonsis--had been searching for a start-up that could add a technological jolt to the humble home-care business. "Our goal was to find an Uber for everything that happens in the home: maintenance, cleaning, repair, plumbing--we all love our homes and hate the hassle," says Davis. "No company has the full portfolio today but Handybook was the closest. They have the best service the best team, and we thought they had the best opportunity with our funding."</p> <div class="vestpocket nsO6K"></div> <p>Handybook began at <a href="http://www.forbes.com/colleges/harvard-university/harvard-business-school/" target="_self" data-ga-track="InternalLink:http://www.forbes.com/colleges/harvard-university/harvard-business-school/" aria-label="Harvard Business School">Harvard Business School</a> in 2012, where Hanrahan and Dua met randomly as roommates. The pair spent their first year kicking around start-up ideas. Inspiration came by the way of their dirty apartment. “We were living in squalor. We had furniture sitting in the apartment for months that we hadn’t put together,” Hanrahan told me this March. “We thought why don’t we start thinking about home services and solving this enormous problem.” They found a few engineers and got busy recruiting freelancers from cleaning services. Over the summer of 2012 Hanrahan and Dua were had been accepted into Highland Capital’s incubator and started building a real business. That business has since expanded to 26 U.S. cities. This winter Handybook bought west coast cleaning business, Exec, for an undisclosed price reported to be under $10 million.</p><div style="min-height:0" class="d-none"><div class="G9049W9y _1apm68B5 L996f vKVY8 inlineAdContainer" aria-hidden="true" role="presentation" tabindex="-1" data-testid="ad-container"></div></div> <p>Handybook must continue to expand its reach and offerings as competition in the home-service space heats up increases. Its chief rival is Homejoy, the San Francisco-based company that has <a href="http://dealbook.nytimes.com/2013/12/05/homejoy-raises-38-million-in-new-round/" target="_blank" rel="nofollow noopener noreferrer" data-ga-track="ExternalLink:http://dealbook.nytimes.com/2013/12/05/homejoy-raises-38-million-in-new-round/" aria-label="raised $40 million">raised $40 million</a> from the likes of Google Ventures and Redpoint Ventures. "We’re at a place now where capital is flowing into the market and there’s going to be one or two winners," says Hanrahan. "It's now about who delivers the best experience in the most cities as fast as possible. 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Hanrahan and cofounder Umang Dua plan to use the new cash to expand even faster. \"We’re going to enter some new cities, but we’ll focus more on the cities we’re already in, \" says Hanrahan. \"We’re going to keep building the customer service team—it's all about customer experience. 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The pair spent their first year kicking around start-up ideas. Inspiration came by the way of their dirty apartment. “We were living in squalor. We had furniture sitting in the apartment for months that we hadn’t put together,” Hanrahan told me this March. “We thought why don’t we start thinking about home services and solving this enormous problem.” They found a few engineers and got busy recruiting freelancers from cleaning services. Over the summer of 2012 Hanrahan and Dua were had been accepted into Highland Capital’s incubator and started building a real business. That business has since expanded to 26 U.S. cities. 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