SCHEDULE 13G: Battery Ventures and Affiliates Disclose Significant Stake in ServiceTitan, Inc. Class A Common Stock

A group of Battery Ventures entities and their managing members have filed a Schedule 13G, disclosing their beneficial ownership of Class A Common Stock in ServiceTitan, Inc. as of December 31, 2024.

Summary

• Multiple Battery Ventures investment funds and their managing members collectively reported beneficial ownership of ServiceTitan, Inc.'s Class A Common Stock.
• As of December 31, 2024, the total Class A Common Stock outstanding for ServiceTitan, Inc. was 76,537,855 shares.
• Battery Ventures XI-A, L.P. beneficially owns 1,786,980 shares, representing 2.3% of the class.
• Battery Ventures XI-B, L.P. beneficially owns 472,152 shares, representing 0.6% of the class.
• Battery Ventures XI-A Side Fund, L.P. beneficially owns 1,856,557 shares, representing 2.4% of the class.
• Battery Ventures XI-B Side Fund, L.P. beneficially owns 402,579 shares, representing 0.5% of the class.
• Battery Investment Partners XI, LLC beneficially owns 82,803 shares, representing 0.1% of the class.
• Battery Partners XI, LLC beneficially owns 2,341,935 shares, representing 3.1% of the class.
• Battery Partners XI Side Fund, LLC beneficially owns 2,259,136 shares, representing 3.0% of the class.
• Battery Ventures Select Fund I, L.P. beneficially owns 205,999 shares, representing 0.3% of the class.
• Battery Partners Select Fund I, L.P. beneficially owns 205,999 shares, representing 0.3% of the class.
• Battery Investment Partners Select Fund I, L.P. beneficially owns 20,371 shares, representing 0.0% of the class.
• Battery Partners Select Fund I GP, LLC beneficially owns 226,370 shares, representing 0.3% of the class.
• Eight individual managing members (Neeraj Agrawal, Michael M. Brown, Jesse Feldman, Russell L. Fleischer, Roger H. Lee, Chelsea R. Stoner, Dharmesh Thakker, Scott R. Tobin) each reported shared beneficial ownership of 4,827,441 shares, representing 6.3% of the class, due to shared voting and investment authority over various Battery Ventures funds.
• Morad Elhafed reported shared beneficial ownership of 226,370 shares, representing 0.3% of the class, also due to shared voting and investment authority.
• The reporting persons explicitly disclaim status as a 'group' for the purposes of this Schedule 13G, despite shared voting and investment authority among certain individuals over the various Battery Ventures entities' holdings.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not convey positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

This document is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding ServiceTitan, Inc.'s future outlook.

Industry Context

This filing indicates continued investment and significant ownership by Battery Ventures, a prominent venture capital firm, in ServiceTitan, Inc., a company operating in the software or technology sector. Such disclosures are routine for large institutional investors and reflect their passive investment positions.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional and individual ownership stakes in ServiceTitan, Inc.

Key Dates

Keywords

ServiceTitan Inc., Class A Common Stock, Battery Ventures, SEC Filing, Schedule 13G, Beneficial Ownership, Institutional Investor, Venture Capital, Investment Funds