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Business

Airtasker more than doubles capital with new investment round

Airtasker is focusing on temporary recruitment and growing its mobile platforms.
Written by Michael Lee, Contributor on

Airtasker has picked up AU$2 million from a number of investors, bringing its total capital to AU$3.5 million.

Exto Partners, BridgeLane Capital, and a number of private angel investors are backing the company, which helps businesses and individuals find someone to complete short-term errands or tasks.

It is currently further targeting the temporary recruitment industry.

"We are seeing businesses demand greater flexibility in the way they recruit talent in order to stay nimble and competitive," Airtasker co-founder and CEO Tim Fung said in a statement.

"While there will undoubtedly always be a need for full-time work, Airtasker is creating a safe and trusted environment for job seekers to connect with businesses and individuals who need short-term help."

The Sydney-based startup has also been taking a keen interest in mobile, launching a new marketplace platform and taking advantage of location-based services available on devices. It claims that over 50 percent of its traffic now comes from the mobile web.

It has also brought on BigCommerce CEO and founder Mitchell Harper as an advisor to the company.

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