TaskRabbit Runs Down $17.8M More for Expansion

12/14/11Follow @gthuang

TaskRabbit, a San Francisco service-networking startup with roots in Boston, said it has closed $17.8 million in Series B financing led by Lightspeed Venture Partners. Previous investors Baseline Ventures, First Round Capital, Floodgate Fund, Collaborative Fund, and Shasta Ventures, as well as other new investors, participated in the round. TaskRabbit announced a $5 million Series A round back in May.

The company, which runs an online marketplace for connecting people who need errands done with “runners” who can get them done, is live in 12 U.S. cities and is looking to expand to more locations, including Seattle, Portland, Austin, Houston, Atlanta, Miami, DC, Denver, and Philadelphia.

TaskRabbit is led by its founder Leah Busque and its recently hired CEO Eric Grosse, the co-founder of Hotwire and former president of Expedia Worldwide.

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. Follow @gthuang

By posting a comment, you agree to our terms and conditions.