Australian task marketplace start-up raises $1.3m

Australian enterprise marketplace platform etaskr has announced a $1.3 million seed round with Oxygen Ventures, the latest in a number of wins for the fledgling Australian tech start-up scene.

Founded in 2013, etaskr positions itself as a platform like Freelancer or Airtasker but specifically for enterprise, aiming to change workplace culture away from what it says is “20th century solo thinking” to a more flexible and collaborative environment.

Article by

David Swan

www.theaustralian.com.au

Wednesday, 18 March 2015   

VIEW SOURCE


“Unrealised productivity costs organisations $305 billion a year in Australia alone,” said etaskr CEO David Chung.

“By placing employees in silos we hide talent, block collaboration and limit productivity. etaskr breaks through the silo walls and connects the people who need each other."

Staff looking for help can post tasks to the platform, which other employees inside the organisation can find. Every employee has a profile where they can declare their skills and receive notifications of new tasks that match those skills.

Additionally the newly-announced etaskr shopfront plugin allows organisations to ‘retail’ professional services through an ecommerce site that connects into etaskr.

Etaskr said it is set to launch its first shopfront with a blue­chip client.

“This is a major gap in the market for those looking to resource trusted professionals and high­functioning teams,” Mr Chung said.

“We’re super excited to announce this shortly and incredibly proud to be working with this major global brand.

“This organisation will be the first to offer this new path to market and their employees will be the first to be able to search for opportunities both inside and outside of the company.”

Mr Chung told Technology Spectator the money will be used for hiring, continued product development including scaling 'Shopfront' and sales and marketing ahead of launch later this year.

 
 

No revenue, no worries as Oxygen Ventures seeds Melbourne's eTaskr with $1.3 Million

The enterprise resourcing platform of start-up etaskr is one of many available, however it was a twist in its business model which persuaded Larry Kestelman’s Oxygen Ventures to seed it with $1.3 million despite revenue being months away.

Etaskr, which passed through the Angelcube accelerator program in early 2014 before podiuming in Oxygen Ventures’ Big Pitch competition last June, started out as a platform for big companies to track what their employees are working on in real time, and allocate them to projects based on their availability and nominated skills.

Article by

Michael Bailey 

www.brw.com.au

Wednesday, 18 March 2015

VIEW SOURCE


The startup, a graduate of the AngelCube program, was a finalist in last year’s Big Pitch competition, held by Oxygen Ventures. At the time, Oxygen Ventures founder Larry Kestelman didn’t rule out investing in all five finalists. Etaskr is the second startup from the Big Pitch to secure investment, after joint-winner eCal closed a $2 

joint-winner eCal closed a $2 million deal with Oxygen Ventures last year. Oxygen Ventures was unable to come to terms with the other winner, WeTeachMe.

Founded by Patrick Owens and David Chung in 2013, etasker is their attempt to tackle unrealised productivity, which they say costs Australian organisations $305 billion a year. Chung admits there’s no shortage of tools available that help facilitate collaboration but says there’s no like-for-like competition in the market.

We see the marketplace fragmenting into verticals. But we’re crossing that chasm between general outsourcing marketplaces, the narrowing of those marketplaces and entering the enterprise software space,”he says.

Being a bootstrapped startup in the enterprise space presented a significant challenge for etaskr. Chung says many of the potential clients they approached were hesitant because they had no funding, while investors were reluctant to invest in a startup before it had clients.

It was difficult in the sense that we needed a major enterprise contract, but they wanted us to be a funded company,” he says.

“But we managed to get on board a major foundational client and another 20 soft confirmations for our pilot program.” That presented them with the validation they needed to raise a significant amount of seed funding..

“The enterprise space is a little higher barrier than the consumer space. An enterprise grade MVP is much more sophisticated than consumer-facing MVP because your users are not your customers,” he says

With that first foundational client, which Chung won’t disclose, etaskr is launching a shopfront that will allow its employees to search for work both inside and outside the company.

“There’s a different mindset when you grab a task rather than just having it lumped on your desk,” he says

“This has a major cultural impact and can transform an organisation’s approach to collaboration.”

Up to the task: Enterprise resourcing platform eTaskr closes $1.3 million seed round from Oxygen Ventures

Enterprise resourcing platform etaskr has announced it has closed a $1.3 million seed round from Oxygen Ventures. The funding will be used to make strategic hires, scale the platform and develop the product.

Etaskr’s platform allows businesses to track what they’re employees are working on. Every staff member has a profile which contains a description of their skills. Employees within that organisation who need help can post tasks and staff with the skills to complete those tasks are notified. The platform enables managers to find workers within the organisation with the time and skills to complete the tasks.

Article by

Kye White

www.startupsmart.com.au

Wednesday, 18 March 2015   

VIEW SOURCE


The startup, a graduate of the AngelCube program, was a finalist in last year’s Big Pitch competition, held by Oxygen Ventures. At the time, Oxygen Ventures founder Larry Kestelman didn’t rule out investing in all five finalists. Etaskr is the second startup from the Big Pitch to secure investment, after joint-winner eCal closed a $2 million deal with Oxygen Ventures last year. Oxygen Ventures was unable to come to terms with the other winner, WeTeachMe.

Founded by Patrick Owens and David Chung in 2013, etasker is their attempt to tackle unrealised productivity, which they say costs Australian organisations $305 billion a year. Chung admits there’s no shortage of tools available that help facilitate collaboration but says there’s no like-for-like competition in the market.

“We see the marketplace fragmenting into verticals. But we’re crossing that chasm between general outsourcing marketplaces, the narrowing of those marketplaces and entering the enterprise software space,” he says.

Being a bootstrapped startup in the enterprise space presented a significant challenge for etaskr. Chung says many of the potential clients they approached were hesitant because they had no funding, while investors were reluctant to invest in a startup before it had clients.

“It was difficult in the sense that we needed a major enterprise contract, but they wanted us to be a funded company,” he says.

“But we managed to get on board a major foundational client and another 20 soft confirmations for our pilot program.”

That presented them with the validation they needed to raise a significant amount of seed funding.

“The enterprise space is a little higher barrier than the consumer space. An enterprise grade MVP is much more sophisticated than consumer-facing MVP because your users are not your customers,” he says.

With that first foundational client, which Chung won’t disclose, etaskr is launching a shopfront that will allow its employees to search for work both inside and outside the company.

“There’s a different mindset when you grab a task rather than just having it lumped on your desk,” Chung says.

“This has a major cultural impact and can transform an organisation’s approach to collaboration.”