TaskRabbit Takes In $5M Series A

5/4/11

San Francisco-based TaskRabbit, an online service-networking startup with roots in Boston, said today it has closed $5 million in Series A financing led by Shasta Ventures, with Baseline Ventures, First Round Capital, Floodgate, Collaborative Fund, and 500 Startups also participating in the round. The company, led by founder and CEO Leah Busque, runs a marketplace for connecting people who need errands done with “runners” who can get them done. TaskRabbit, formerly known as RunMyErrand, went through the inaugural session of Facebook’s fbFund incubator program and is live in the Bay Area and Boston (its first market). My colleague Wade most recently profiled TaskRabbit last summer, after it opened its marketplace in San Francisco. The company says it is looking to expand its service to multiple cities nationwide.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com or call him at 617-252-7323. Follow @

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