Angi Inc.

Angi Inc.

Company type	Public
Industry	Online marketplace, Home services
Founded	1995
Founder	William S. Oesterle, Angie Hicks
Headquarters	Denver , United States
Area served	United States, Canada, Europe
Products	Online platform for home services and contractor reviews
Parent	IAC Inc.
Website	angi.com

Angi Inc. (previously known as ANGI Homeservices Inc.) emerged in 2017 through the consolidation of Angie's List and HomeAdvisor. Angie's List, established in 1995, initially served as an online platform featuring user-generated reviews of local service providers and contractors.

For the fiscal quarter ending June 30, 2018, ANGI reported revenues amounting to US$1.132 billion alongside a net profit of US$77.5 million. In May 2017, IAC revealed its intention to purchase Angie's List, and by September that year, the merged company was rebranded as ANGI Homeservices Inc., with its shares publicly traded starting in October.

In March 2019, Angi shifted its corporate headquarters to Denver, Colorado.

History

Angie's List was founded in 1995 by William S. Oesterle and Angie Hicks, inspired by Hicks's efforts to find a trustworthy contractor in the suburbs of Columbus, Ohio. Together, they launched Columbus Neighbors, a call-in service paired with a publication providing local home and lawn care evaluations. During its first year, Hicks successfully enlisted over 1,000 members, motivating Oesterle to pursue investor funding for business expansion.

By 2013, investors had concerns regarding Angie's List’s inability to generate annual profits after nearly two decades and questioned the company’s valuation relative to its revenue. However, by 2015, projections indicated substantial growth in earnings per share with an anticipated long-term growth rate of 19%, accompanied by a 13.3% increase in stock forecasts—highlighting positive financial outlooks and market potential.

HomeAdvisor

ServiceMagic was founded in 1998 by Rodney Rice and Michael Beaudoin and later acquired by IAC in 2004. The company expanded into European markets through acquisitions of French and UK firms between 2008 and 2009, renaming its UK website ServiceMagic.co.uk. In 2012, ServiceMagic underwent rebranding to become HomeAdvisor.

To enhance its international presence, HomeAdvisor made strategic acquisitions such as Dutch platform Werkspot.nl in 2013, which subsequently launched Instapro in Italy in 2014. By 2015, HomeAdvisor reported annual revenues exceeding $300 million, serving over 30 million homeowners with close to 100,000 pre-screened service professionals and nearly three million verified customer reviews.

Continuing its global expansion, HomeAdvisor acquired Germany’s MyHammer in 2016, Canada’s HomeStars in 2017, and the UK’s MyBuilder also in 2017—strengthening its foothold across major international markets.

Angi

In 1996, the company purchased Unified Neighbors and moved its headquarters to Indianapolis.

By 2010, Angie's List had secured $25 million in funding—$22 million from Wasatch Funds and Battery Ventures combined, plus $2.5 million led by Saints Capital. On November 17, 2011, it went public on NASDAQ under the ticker symbol ANGI; the initial offering priced at $13 per share for 8.8 million shares and opened trading at $18—a premium of approximately 33%.

In July 2016, Angie's List transitioned to a freemium model that provided free basic membership granting access to over ten million reviews while maintaining paid subscription options.

On October 2, 2017, IAC completed the acquisition of Angie's List for $781.4 million and merged it with HomeAdvisor to create ANGI Homeservices. The new entity retained the ANGI ticker along with its stock history. In October 2018, ANGI Homeservices broadened its offerings by acquiring Handy for $165.5 million. By March 2021, Angie's List was rebranded as Angi, with ANGI Homeservices Inc. adopting the name Angi Inc.

Co-founder William Oesterle passed away in May 2023.

Lawsuits

In 2014, Angie's List Inc. resolved a lawsuit by agreeing to a $2.8 million settlement related to automatic membership renewals that charged customers at higher rates than initially disclosed.

By August 2016, HomeAdvisor reached a $1.4 million settlement for three class-action lawsuits. These cases questioned whether payments from service providers for advertising influenced their letter-grade ratings, customer reviews, and positions in search results. While HomeAdvisor denied the allegations, the company admitted that under specific circumstances, revenue from service providers may impact search ranking outcomes (Moore vs. AngiesList).