TaskRabbit is looking to nibble on some new markets, and Portland and Seattle are among the first on the company’s list now that it has raised $17.8 million in fresh capital.
The San Francisco company — which has raised about $25 million to date — operates an online marketplace where individuals can post tasks (think hanging holiday lights, raking the yard, etc.) and find individuals to complete the chores. TaskRabbit recently named Hotwire co-founder and former Expedia president Eric Grosse to the postion of CEO.
The company notes in a blog post:
“Our new investment will help us respond to this overwhelming demand and allow us to bring the service to those who have been clamoring for it as a solution to their employment and economic situation and their hectic, crazy lives. So, where are we headed? Seattle, Portland, Austin, Houston, Atlanta, Miami, DC, Denver, Philly (just to name a few)… get ready for some easy living!”
Investors in the round include LightSpeed Venture Partners, Baseline Ventures, First Round Capital, FLOODGATE Fund, Collaborative Fund, Shasta Ventures and The Tornante Company, the investment firm led by former Disney CEO Michael Eisner.
The financing follows a $14 million venture capital round for Zaarly, which operates a similar service. As part of its funding, Zaarly named former eBay CEO Meg Whitman to its board.