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Software for Plumbers and Electricians Is a $1.7 Billion Business

  • Index Ventures leads new funding round to back expansion plans
  • Business software helps homes service companies run operations
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Photographer: Daniel Acker/Bloomberg

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ServiceTitan Inc. is the newest startup unicorn out of the Los Angeles area, proving that even plumbing can be a billion-dollar technology business.

The company, which makes software for plumbers, electricians and other home-services companies, plans to announce Wednesday that it was valued at $1.65 billion in a new venture capital infusion. Index Ventures led the funding round, which totaled $165 million.