SEC Form SCHEDULE 13G filed by ServiceTitan Inc.
$TTAN
Computer Software: Prepackaged Software
Technology
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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ServiceTitan, Inc. (Name of Issuer) |
Class A Common Stock, $0.001 par value per share (Title of Class of Securities) |
81764X103 (CUSIP Number) |
12/31/2024 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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| Rule 13d-1(c)
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 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 81764X103 |
| 1 | Names of Reporting Persons
15 Angels II LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
214,268.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
0.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13G
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| CUSIP No. | 81764X103 |
| 1 | Names of Reporting Persons
Bessemer Venture Partners VIII L.P. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
3,989,222.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
5.2 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13G
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| CUSIP No. | 81764X103 |
| 1 | Names of Reporting Persons
Bessemer Venture Partners VIII Institutional L.P. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
4,797,611.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
6.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13G
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| CUSIP No. | 81764X103 |
| 1 | Names of Reporting Persons
Deer VIII & Co. L.P. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
9,001,101.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
11.8 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13G
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| CUSIP No. | 81764X103 |
| 1 | Names of Reporting Persons
Deer VIII & Co. Ltd. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
9,001,101.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
11.8 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13G
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| CUSIP No. | 81764X103 |
| 1 | Names of Reporting Persons
Cloud All Star Fund, L.P. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
2,470.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
0 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13G
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| CUSIP No. | 81764X103 |
| 1 | Names of Reporting Persons
Deer Management Co. LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
2,470.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
0 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
ServiceTitan, Inc. | |
| (b) | Address of issuer's principal executive offices:
800 N. Brand Blvd., Suite 100Glendale, California, 91203 | |
| Item 2. | ||
| (a) | Name of person filing:
This statement is being filed by the following persons with respect to certain shares of Class A Common Stock (the "Shares" or the "Common Stock") of the Issuer. Bessemer Venture Partners VIII L.P. ("BVP VIII"), Bessemer Venture Partners VIII Institutional L.P. ("BVP VIII Inst"), and 15 Angels II LLC ("15 Angels" and together with BVP VIII and BVP VIII Inst, the "Funds") and Cloud All Star Fund, LP ("CASF") directly own shares of Common Stock. Deer Management Company LLC ("Deer") is the management company of the Funds and owns a material interest in Cloud All Star Fund GP, LLC, the general partner of CASF.
Deer, Deer VIII Ltd, Deer VIII LP, BVP VIII, BVP VIII Inst, 15 Angels and CASF are sometimes individually referred to herein as a "Reporting Person" and collectively as the "Reporting Persons." | |
| (b) | Address or principal business office or, if none, residence:
The address of the principal business office of each of Deer, Deer VIII Ltd, Deer VIII LP, BVP VIII, BVP VIII Inst, and 15 Angels:
c/o Bessemer Venture Partners
1865 Palmer Avenue; Suite 104
Larchmont, NY 10583
The address of the principal business office of CASF:
180 Lytton Avenue
Palo Alto, CA 94301 | |
| (c) | Citizenship:
Deer VIII Ltd - Cayman Islands
Deer VIII LP - Cayman Islands
BVP VIII - Cayman Islands
BVP VIII Inst - Cayman Islands
15 Angels - Delaware
CASF - Delaware
Deer - Delaware | |
| (d) | Title of class of securities:
Class A Common Stock, $0.001 par value per share | |
| (e) | CUSIP No.:
81764X103 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
Deer VIII Ltd - 9,001,101 shares
Deer VIII LP - 9,001,101 shares
BVP VIII - 3,989,222 shares
BVP VIII Inst - 4,797,611 shares
15 Angels - 214,268 shares
CASF - 2,470 shares
Deer - 2,470 shares | |
| (b) | Percent of class:
Deer VIII Ltd - 11.8%
Deer VIII LP - 11.8%
BVP VIII - 5.2%
BVP VIII Inst - 6.3%
15 Angels - 0.3%
CASF - 0.003%
Deer - 0.003%
The percentage of shares beneficially owned is based on a total of 76,537,855 shares of Class A Common Stock, par value $0.001 per share ("Common Stock") of the Issuer as of December 31, 2024, as reported by the Issuer in its Form 10-Q filed with the SEC on January 14, 2025. | |
| (c) | Number of shares as to which the person has:
| |
| (i) Sole power to vote or to direct the vote:
Deer VIII Ltd - 9,001,101 shares
Deer VIII LP - 9,001,101 shares
BVP VIII - 3,989,222 shares
BVP VIII Inst - 4,797,611 shares
15 Angels - 214,268 shares
CASF - 2,470 shares
Deer - 2,470 shares | ||
| (ii) Shared power to vote or to direct the vote:
Deer VIII Ltd - 0 shares
Deer VIII LP - 0 shares
BVP VIII - 0 shares
BVP VIII Inst - 0 shares
15 Angels - 0 shares
CASF - 0 shares
Deer - 0 shares | ||
| (iii) Sole power to dispose or to direct the disposition of:
Deer VIII Ltd - 9,001,101 shares
Deer VIII LP - 9,001,101 shares
BVP VIII - 3,989,222 shares
BVP VIII Inst - 4,797,611 shares
15 Angels - 214,268 shares
CASF - 2,470 shares
Deer - 2,470 shares | ||
| (iv) Shared power to dispose or to direct the disposition of:
Deer VIII Ltd - 0 shares
Deer VIII LP - 0 shares
BVP VIII - 0 shares
BVP VIII Inst - 0 shares
15 Angels - 0 shares CASF - 0 shares
Deer - 0 shares | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
As the general partner of Deer VIII LP, which in turn is the general partner of the Funds, Deer VIII Ltd may be deemed to beneficially own all 9,001,101 Shares held directly by the Funds and have the power to direct the dividends from or the proceeds of the sale of such Shares.
Deer owns a material interest in Cloud All Star Fund GP, LLC, the general partner of CASF, Deer may be deemed to beneficially own all 2,470 Shares held directly by CASF and have the power to direct the dividends from or the proceeds of the sale of such Shares. | ||
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Exhibit 2 sets forth information regarding the identity of members of a group. The Reporting Persons disclaim membership in a group and this report shall not be deemed an admission by any of the Reporting Persons that they are or may be members of a "group" for purposes of Rule 13d-5 or for any other purpose. | ||
| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
Not Applicable
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| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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