What is TaskRabbit?
Founded in 2008 and headquartered in San Francisco, California, TaskRabbit operates as an on-demand service platform. It efficiently connects customers with skilled individuals, known as Taskers, to fulfill a wide array of everyday home improvement and maintenance needs within their local communities. The company has established itself as a key player in the gig economy, facilitating convenient and reliable task completion for consumers seeking assistance with chores and repairs.
How much funding has TaskRabbit raised?
TaskRabbit has raised a total of $37.7M across 6 funding rounds:
Other Financing Round
$25K
Angel/Seed
$1M
Angel/Seed
$850K
Series A
$5M
Series B
$17.8M
Series C
$13M
Other Financing Round (2009): $25K with participation from fbFund
Angel/Seed (2009): $1M led by Baseline Ventures and Shervin Pishevar
Angel/Seed (2010): $850K supported by Floodgate Fund, First Round Capital, and Baseline Ventures
Series A (2011): $5M featuring Floodgate Fund, First Round Capital, Collaborative Fund, Baseline Ventures, 500.com, and Shasta Ventures
Series B (2011): $17.8M backed by Lightspeed Venture Partners
Series C (2012): $13M with participation from Baseline Ventures, 500.com, Shasta Ventures, Founders Fund, and Lightspeed Venture Partners
Key Investors in TaskRabbit
Floodgate Fund
Floodgate Fund is a venture capital firm specializing in early-stage technology investments, focusing on identifying and backing pattern-breaking companies and extraordinary founders at the pre-seed and seed stages.
First Round Capital
First Round Capital is a venture capital firm that invests in innovative startups across various sectors, supporting entrepreneurs with a focus on achieving significant results through notable IPOs and acquisitions.
Collaborative Fund
Collaborative Fund is a leading source of capital and strategic support for entrepreneurs, with a portfolio including Beyond Meat, Lyft, and Sweetgreen, focusing on companies that push the world forward.
What's next for TaskRabbit?
The recent major strategic investment positions TaskRabbit for significant scaling and potential market penetration into new territories or service verticals. This infusion of capital is likely to fuel enhancements in platform technology, expansion of the Tasker network, and intensified marketing efforts to capture a larger share of the home services market. TaskRabbit's trajectory suggests a focus on solidifying its leadership position and exploring innovative ways to meet evolving consumer demands for convenient, reliable home assistance.
See full TaskRabbit company page
