TaskRabbit Raises $17.8 Million In Series B

Posted Dec 14, 2011

TaskRabbit is a Bay Area based startup company that helps you find personal assistants for having your house cleaned, running errands, building IKEA furniture, delivering groceries, etc. Former Disney CEO Michael Eisner is joining TaskRabbit’s board of directors as a strategic adviser.

TaskRabbit has raised $17.8 million in Series B funding from existing investors including Lightspeed Venture Partners, Allen & Company, and the Tornante Company. Eisner runs the Tornante Company.

TaskRabbit plans on using the funding to hire additional engineers and designers. They will also spend it on building mobile products like an Android app. They will also expand to other U.S. cities and abroad. In the next couple of months, TaskRabbit will be available in Seattle and Portland. International expansion is expected by the end of 2012.

Eisner approached TaskRabbit after hearing about it on a News special with Diane Sawyer this past September. TaskRabbit saw about 6.5 million users visit their company website after that. ?He really saw the potential in what we?re building. Every single task that?s posted and completed is a story, and even the TaskRabbits themselves are stories,? stated TaskRabbit founder Leah Busque. TaskRabbit was founded in 2008.