Handy Technologies, Inc. is an online two-sided marketplace for residential cleaning, installation, and other home services.[1] Founded in 2012 in Cambridge, Massachusetts, the now New York–based company operates services in United States, United Kingdom, and Canada. The company was acquired by ANGI Homeservices in October 2018.
Handybook was launched with incubation support from the Harvard Innovation Lab.[6] In October 2012 Handybook raised US$2 million in seed financing from General Catalyst Partners and Highland Capital Partners.[7] The following year in October 2013, Handybook raised further 10 million dollars from existing investors[8] along with David Tisch's BoxGroup and other investors.[6][9] The same month Handybook began talks to acquire the San Francisco–based Exec, a similar service for hiring people to complete household tasks. In January 2014, Handybook completed the acquisition of the company which helped establish its West Coast presence.[10] By May 2014, the company was employing nearly a hundred people.[3]
In June 2014, Handybook raised $30 million in a series B round of investment led by Revolution Growth.[11] By this point, the company had expanded operations to twenty-six cities in North America, including Vancouver and Toronto. It also reported that the service was being used to complete about 10,000 jobs per week.[9] In September 2014, Handybook changed its name to Handy.[12][13] A week after the rebrand, Handy acquired Mopp, a similar London-based service, at an undisclosed valuation.[14] After the acquisition, Mopp continued to operate under the same name, adding the subtitle “powered by Handy” to its brand. Mopp’s founders Pete Dowds and Tom Brooks stayed on to continue Handy’s expansion in the European market.[15]
In March 2015, Handy announced another round of funding led by TPG Growth, which raised 15 million dollars.[18] In May 2015, TechCrunch reported that Handy was in talks to acquire its rival Homejoy.[19][20] However, Homejoy shut down in July 2015 without being acquired amid worker classification suits.[21] Immediately following the announcement of Homejoy’s expected shutdown, Handy offered a $1000 signing bonus to any Homejoy workers looking to switch to Handy’s service.[22] In June, just a month before, Handy had announced completing its one millionth booking on the platform.[23][2]
As of November 2015, the company planned to include the delivery and assembly of furniture as some of the services offered.[24] Handy also announced its series D round of $50 million. This round of funding led by Fidelity Management & Research included contributions from several of the company’s previous investors.[25]
Handy operates in 28 cities in the United States,[28][29] and several cities in Canada, and the United Kingdom.[12][30] As of July 2015, it employs a full-time staff of at least 160 and has engaged about 10,000 cleaners to work on its platform.[31] According to Handy, about 80% of its bookings come from repeat customers.[23]
As of November 2016, Amazon’s Alexa allows users to book services through Handy by using the Amazon Echo’s voice-activated features.[32] In May 2017, the company partnered with the online retailer Wayfair to offer installation and assembly as an added feature when purchasing furniture through Wayfair.[33] In 2018, the company similarly began offering additional in-home installation services to Walmart retail customers.[34]