About TaskRabbit
TaskRabbit is a company based in San Francisco (United States) founded in 2008 was acquired by IKEA in September 2017.. TaskRabbit has raised $37.78 million across 7 funding rounds from investors including Facebook, IKEA and Lightspeed Venture Partners. TaskRabbit has completed 2 acquisitions, including One Jackson and SkillSlate. TaskRabbit operates in a competitive market with competitors including Zaarly, HomeAdvisor, Keepe, Frontdoor and Service.com, among others.
- Headquarter San Francisco, United States
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Sectors
Business Services
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Taskrabbit, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.78 M (USD)
in 7 rounds
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Latest Funding Round
$13 M (USD), Series C
Jul 23, 2012
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Investors
Facebook
& 12 more
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Employee Count
Employee Count
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Investments & Acquisitions
One Jackson
& 1 more
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Acquired by
IKEA
(Sep 28, 2017)
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Software Development Team
42 people
Product Management Team
18 people
Sales and Marketing
13 people
Senior Team
12 people
Leadership Team
10 people
Data Analysis and Operations Team
9 people
Legal and Compliance
6 people
Creative and Marketing Team
6 people
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Funding Insights of TaskRabbit
TaskRabbit has successfully raised a total of $37.78M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $13 million completed in July 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $13.0M
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First Round
First Round
(23 Mar 2009)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2012 | Amount | Series C - TaskRabbit | Valuation | Founders Fund | |
| Dec, 2011 | Amount | Series B - TaskRabbit | Valuation | Lightspeed Venture Partners , Allen & Company | |
| May, 2011 | Amount | Series A - TaskRabbit | Valuation | Shasta Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TaskRabbit
TaskRabbit has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Facebook, IKEA and Lightspeed Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Seed and early-stage investments are focused on US tech companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TaskRabbit
TaskRabbit has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include One Jackson and SkillSlate. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Kids' clothing designs are crowdsourced via consumer voting contests.
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2012 | ||||
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Local businesses are connected with consumers via an online marketplace.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TaskRabbit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Taskrabbit Comparisons
Competitors of TaskRabbit
TaskRabbit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zaarly, HomeAdvisor, Keepe, Frontdoor and Service.com, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Local home services are connected through an online marketplace.
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| domain | founded_year | HQ Location |
Marketplace for home improvement professionals
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| domain | founded_year | HQ Location |
Home repair services are booked on-demand via mobile app.
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| domain | founded_year | HQ Location |
Online marketplace for home appliance repair and maintenance services
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| domain | founded_year | HQ Location |
Marketplace for home service professionals
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Taskrabbit
Frequently Asked Questions about TaskRabbit
When was TaskRabbit founded?
TaskRabbit was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is TaskRabbit located?
TaskRabbit is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of TaskRabbit?
Ania Smith is the current CEO of TaskRabbit.
Is TaskRabbit a funded company?
TaskRabbit is a funded company, having raised a total of $37.78M across 7 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Mar 23, 2009.
What does TaskRabbit do?
TaskRabbit was founded in 2008 in San Francisco, United States, as an online platform in the gig economy sector. Connections are enabled between users and local independent taskers for services such as furniture assembly, mounting, moving, cleaning, home repairs, and painting. Operations focus on facilitating project scheduling with vetted professionals across various U.S. locations.
Who are the top competitors of TaskRabbit?
TaskRabbit's top competitors include Zaarly, Frontdoor and HomeAdvisor.
How many acquisitions has TaskRabbit made?
TaskRabbit has made 2 acquisitions, including One Jackson, and SkillSlate.
Who are TaskRabbit's investors?
TaskRabbit has 13 investors. Key investors include Facebook, IKEA, Lightspeed Venture Partners, Allen & Company, and Founders Fund.
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