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JobNimbus Receives $53 Million Investment from Mainsail Partners
Utah-based home services software company experiences robust growth amid increases in home renovation market and accepts a growth capital investment of $53 million
LEHI, UTAH -- Jan. 13, 2021 -- Utah-based home services software company, JobNimbus, has received $53 million in funding from Mainsail Partners, a San Francisco-based growth equity firm. This investment comes amid a surge in home improvement spending among U.S. homeowners, spiking business for residential contractors and demand for core business management software. This capital investment is expected to advance JobNimbus’ software, leading to full-scale growth in their core platform, support services, and team to serve their customers’ businesses.
“Partnering with Mainsail to secure this funding will help not only further develop our software, but also our team,” said Ben Hodson, co-founder and CEO of JobNimbus. “We are excited to further advance the JobNimbus technology through innovative user-experience improvements and the support we offer our customers,” Hodson said. “Our mission is to make residential contractors Heroes to their customers - a better product and better service helps us fulfill that mission.”
JobNimbus is projected to double in size in 2021, after more than doubling customers and employees in 2020. The company plans to add approximately 100 employees in 2021 with an emphasis on product development and customer support roles. Their headquarters, located in Lehi, Utah, is expanding to make room for quality talent to join their fast-growing team.
“The opportunity to invest behind and support an experienced management team that has built a core business management software platform for a growing and durable end market is the reason Mainsail exists. We are excited to partner with Ben and the rest of the JobNimbus team to help them deliver even greater value to their customers," said Vinay Kashyap, Partner at Mainsail Partners.
Mainsail Partners has invested in more than 50 growing companies since 2003. Along with capital, Mainsail brings experience in guiding software companies to scale their businesses and accelerate growth. The partnership endeavors to directly impact the success of JobNimbus customers through higher quality products and customer service.
“We believe this funding will fuel the development of our product, advance our team, and provide enhanced support to our customers,” said Aaron Shelly, COO of JobNimbus. “Our future holds great possibilities as we continue to make innovative advancements to the JobNimbus software platform, offer exceptional service to our customers, and continue to drive growth for their businesses.”
Since being founded in 2013, JobNimbus has developed a growth management platform designed to serve contractors and business owners across various home contractor service industries, including roofing, solar, exterior restoration, and more.
As part of the investment, Vinay Kashyap, Partner, and KC Kanoff, Vice President, of Mainsail Partners, will be joining the JobNimbus board of directors. Jeff Gardner, the former CEO of Zen Planner, a former Mainsail portfolio company, will also be joining the JobNimbus board.
JobNimbus is a Lehi, Utah-based software company that serves contractors and business owners in the home services construction industry with their project management, CRM platform and growth services. Since being founded in 2013, JobNimbus has expanded their offerings across 11 home service industries, specializing in roofing, solar install and exterior renovations. For more information, visit http://www.jobnimbus.com
About Mainsail Partners
Mainsail Partners is a San Francisco-based growth equity firm that invests exclusively in fast-growing, bootstrapped software companies. The firm has raised over $1.2 billion and invested in more than 50 growing companies since 2003. Mainsail prioritizes investments in software companies with compelling business models in growing markets. The firm’s approach to driving value creation is anchored in a dedicated Operations Team that is purpose-built to help founders scale their businesses and accelerate growth. These women and men include former software company operators who leverage real-world experience, well-established best practices, and a true partnership ethos to support management teams. For more, visit http://www.mainsailpartners.com