TaskRabbit Secures $5M in Series A Financing

TaskRabbit, a San Francisco, Calif.-based service networking platform that connects busy people who need extra help to get things done with people who line in their area and can complete these tasks, has secured $5m in Series A financing.

The round was led by Shasta Ventures, with participation from Baseline Ventures, First Round Capital, FLOODGATE, Collaborative Fund, and 500 Startups.

In conjunction with the funding, Sean Flynn, principal at Shasta Ventures, will join TaskRabbit’s Board of Directors.

Capitalizing on its success in Boston and San Francisco, the company intends to use the capital to aggressively expand into multiple cities across the country.

Led by founder and CEO Leah Busque, TaskRabbit provides people and businesses with a way to get both everyday and skilled tasks done, leveraging the power of the geografical proximity. It connects “senders”, people who need extra help getting a task done, with “runners”, a network of background-checked and pre-approved individuals who have the skills and free time available to complete these tasks (shopping, picking up dry cleaning, painting a house, designing a website, teaching a cooking lesson).



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