Vocus founder and CEO joins Airtasker board of directors

Airtasker raises $22m in Series B round
Vocus Communications CEO James Spenceley

Vocus Communications CEO James Spenceley

Vocus Communications founder and CEO, James Spenceley, has joined Airtasker’s board of directors. Airtasker is an Australian services marketplace where people can outsource tasks, find local services or complete flexible jobs to earn money – online or via mobile.

In addition to Spenceley, Seven West Media sales director, Jenny Hosie, has also been brought on to the board of directors.

The move follows its recent hire of former Dick Smith chief technology officer, Paul Keen and Delivery Hero CEO, CJ Foo, to its team of online marketplace experts.

Airtasker has also raised $22 million in a Series B round led by Seven West Media with significant follow on investment from existing shareholders, Shanghai-based Morning Crest Capital, Sydney-based VC fund Exto Partners and National Road and Motorists Association (NRMA).

Airtasker has raised a total of $32 million in capital since founding in 2012.

Airtasker CEO, Tim Fung, said the round significantly deepens NRMA, Morning Crest Capital and Exto Partner’s investment in Airtasker. Last year, the trio served as cornerstone investors in a $6.5 million raise.

The four year-old start-up will use the additional funding to further develop its core marketplace product and grow Airtasker as a household name for local consumer services. The funding will also be used to build on Airtasker's technology team that will underpin its growing platform.

“We’re helping Australian people and businesses get more done with their day. Whilst we’ve seen rapid organic growth over the past year, we’re only scratching the surface of a multi-billion opportunity – we still have a huge way to grow in Australia alone,” Fung said.