A significant challenge that many people face is finding help when it comes to cleaning, repairs, or odd jobs at home. While most people used to have to go through the yellow pages and be subject to a company’s base fees, they now have a much more convenient and affordable way to hire help with daily chores.
Through the website and mobile application Handy, an individual can hire a person to help with various chores and jobs. The user will be able to choose between several different people in their area based on cost, experience, consumer reviews, and many other factors. The application is also beneficial for individuals looking for additional freelance work.
While it is a new website and application, Handy is continuing to grow at a rapid pace. In the last month the owners of the company announced that they had raised a new round of $50 million in equity, which ended up valuing the company at around $500 million. This newest round of equity will give the company a strong runway and more room to grow its footprint and add new services to the platform.
This marks a significant increase in value for the company. Just over three years ago, the company was founded by CEO Osin Hanrahan, an MBA candidate at Harvard. The company was initially founded with just a $50,000 seed investment and some additional incubator support.