Urban Company raises $255m in Series F funding round

Urban Company raises $255m in Series F funding round
Gulfbusiness.com
1 hour ago
Tech-enabled home services marketplace, Urban Company, has raised $255m in a Series F funding round.
The Series F round was led by Prosus Ventures, Dragoneer and Wellington Management, with participation from Vy Capital, Tiger Global and Steadview.
Founded in November 2014, Urban Company is now valued at $2.1bn. The latest round includes a primary capital infusion of $188m and a secondary sale of approximately $67m by select angels and early investors.
The company said that the new infusion will be used for innovation, training, product development, and to enhance quality control and safety measures for both partners and consumers. It also aims to increase its geographic footprint by entering the top 100 cities in India and further expanding into international markets this year.

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