JobNimbus: $330 Million Raised From Sumeru Equity Partners

By Amit Chowdhry • Nov 22, 2024

JobNimbus, a SaaS provider for the roofing industry, announced a $330 million growth investment from Sumeru Equity Partners. And existing investors including founder and CEO Ben Hodson, other co-founders Nick and Jason Wood, and Mainsail Partners will continue as investors in the business. This funding round will help JobNimbus scale its operations, expand product offerings, and continue its mission to transform the contractor technology space.

Additional members who are joining the JobNimbus board of directors from Sumeru are Chris Litster, Paul Mercadante, Jack McCabe, and Blake Shott. Vinay Kashyap and KC Kanoff from Mainsail Partners will remain on the board.

JobNimbus offers contractors with an all-in-one software that helps streamline their business operations. And contractors can quickly create quotes, order materials, and manage projects all from a single and user-friendly platform. And by simplifying these essential tasks, JobNimbus helps contractors save time and reduce overhead, empowering them to focus on growing their businesses.

The funding round will be used to help accelerate product development, invest in AI-driven features, and scale the team to support growing demand from customers across the roofing industry. And the company plans to expand significantly, with a focus on key roles in engineering, product development, and customer support.

KEY QUOTES:

“This investment marks a significant milestone for JobNimbus and is a testament to the hard work of our incredible team. We chose Sumeru as our partner because of their expertise in scaling high-growth companies, and with this funding, we’ll continue to double down on our commitment to making contractors heroes, helping them drive their businesses forward with advanced technology.”

– Ben Hodson, CEO of JobNimbus

“JobNimbus is a unique company, transforming the day-to-day lives of contractors through aggressive product innovation and a mission-driven culture. We are excited to partner with the JobNimbus and Mainsail teams to continue to scale the company, expand the platform and create a clear category leader. JobNimbus is an ideal fit with our skill set helping founders and management teams scale world class SaaS businesses.”

– Jason Babcoke, Sumeru Co-Founder and Managing Director, who will join the JobNimbus board of directors as part of the investment

“There’s a lot to be proud of from the last four years of our partnership with JobNimbus, from working together to expand the product suite and customer base, to completing three strategic acquisitions. Most importantly, JobNimbus has delivered on its mission to help roofing and residential contractors become heroes to their customers. We welcome the opportunity to partner with the Sumeru and JobNimbus teams to help drive the company’s continued growth and impact on the roofing industry.”

– Vinay Kashyap, Partner at Mainsail Partners