SCHEDULE 13G: Major Investment Funds Disclose Significant Stakes in ServiceTitan, Inc.
Beneficial Ownership Report
Multiple investment entities, including Bessemer Venture Partners and Deer VIII, have disclosed their beneficial ownership of Class A Common Stock in ServiceTitan, Inc., with Deer VIII & Co. L.P. and Deer VIII & Co. Ltd. each holding an 11.8% stake.
Summary
- This Schedule 13G filing reports the beneficial ownership of Class A Common Stock of ServiceTitan, Inc. by several investment entities.
- The filing was made by 15 Angels II LLC, Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P., Deer VIII & Co. L.P., Deer VIII & Co. Ltd., Cloud All Star Fund, L.P., and Deer Management Co. LLC.
- As of December 31, 2024, Deer VIII & Co. L.P. and Deer VIII & Co. Ltd. each beneficially own 9,001,101 shares, representing 11.8% of ServiceTitan's Class A Common Stock.
- Bessemer Venture Partners VIII Institutional L.P. holds 4,797,611 shares (6.3%), and Bessemer Venture Partners VIII L.P. holds 3,989,222 shares (5.2%).
- 15 Angels II LLC owns 214,268 shares (0.3%), while Cloud All Star Fund, L.P. and Deer Management Co. LLC each own 2,470 shares (0.003%).
- The percentages are based on a total of 76,537,855 shares of Class A Common Stock outstanding as of December 31, 2024, as reported by ServiceTitan, Inc. in its Form 10-Q filed on January 14, 2025.
Sentiment
Score: 5
Explanation: This is a factual disclosure of beneficial ownership, which is neutral in sentiment regarding the company's performance or prospects. It indicates significant institutional investment, which can be seen as a positive signal of confidence, but the document itself is purely informational.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Increased transparency regarding significant institutional ownership in ServiceTitan, Inc.
- Provides shareholders and potential investors with information on major holders of Class A Common Stock.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event requiring the filing of this statement, indicating the beneficial ownership as of this date. |
| 01/14/2025 | Date ServiceTitan, Inc. filed its Form 10-Q, which reported the total shares outstanding used for percentage calculation. |
| 02/14/2025 | Date the Schedule 13G statement was signed by the reporting persons. |
Keywords
ServiceTitan Inc., Class A Common Stock, Schedule 13G, Beneficial Ownership, Bessemer Venture Partners, Deer VIII, Investment Fund, SEC Filing, Institutional Investor
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.