MyTaskit closes seed round, expands board and sets sights on series a funding
MyTaskit, a web-based software platform for connecting service professionals to their technicians, subcontractors and customers, has officially closed a successful seed funding round and made a key board addition. The company, which has raised $11.8 million in funding to date, is now planning a Series A round in the second half of 2016. The funding raised to date has fueled operations growth and the strategic acquisition of two companies.
MyTaskit also welcomes a new board member: successful B2B entrepreneur and global leader in entrepreneurship education Charles Horn. Horn is the founder and chairman of Arizona-based 5Lights and Pro Private Equity Group/PBMS. With Horn’s debut, MyTaskit formalizes a deal with 5Lights to boost marketing management services for strategic growth planning, M&A and executive operational support.
Horn joins George Conrades, managing partner of Longfellow Venture Partners and chairman of Akamai, as an investor and MyTaskit Board member, along with MyTaskit Founder & CEO Kevin Hutchison, who was the founding CEO of Surescripts and former CEO of Prematics. Horn is an innovator in the healthcare and consumer benefits industry, having started ScriptSave and HealthTrans, both of which have made the Inc. 500 annual list of top 500 fastest-growing private companies in the United States.
“The expertise from Charlie and the 5Lights team will accelerate MyTaskit’s growth and allow us to advance our innovation,” said Kevin Hutchinson, founder and CEO of MyTaskit. “We’re looking forward to the Series A round later this year to support our strategic growth plans and to further build-out our world-class service coordination solution for small- and medium-sized businesses in the marine industry and beyond.”
“The goal of every service mission and task is to solve customers’ needs quickly and cost efficiently and to exceed their expectations, resulting in a very satisfied customer,” added Horn. “MyTaskit’s service coordination solution is the future of task management. Its thousands of users are a testament to the efficiencies created by the platform. We are thrilled to join Kevin Hutchinson and his excellent management team for an exciting future.”
The MyTaskit Pro Coordination module, which is available for free or as a subscription service with enhanced features, enables service businesses to coordinate repair and maintenance tasks with technicians, subcontractors and customers. Likewise, if consumers have a service or maintenance need, they can “Taskit” — assigning it to a service tech, uploading photos, videos and messages related to the needed work, and then easily coordinate with the Pro user and all interested parties on the tasks.
MyTaskit’s Coordination module is closely integrated with the company’s MyTaskit Pro Operations module (formerly DockMaster). The Operations module handles backend operations, such as work-order processing, invoicing and accounting. Key features can be added to MyTaskit to further enable service pros to improve operations and service. Full business management capabilities enable service organizations to automate work order processing, record keeping and invoicing, and service tech coordination. The tool’s service coordination functionality helps these businesses streamline all service requests and repair/maintenance work with staff, subcontractors and customers.
MyTaskit has experienced continual growth since launching last year. In the first quarter of 2016, licenses of the MyTaskit Pro Coordination module were up 96 percent since December 2015. More than 7,000 consumers are registered users of MyTaskit, and hundreds of service professionals servicing more than 35,000 consumers across the country are using MyTaskit to coordinate service both internally and with their clients. MyTaskit has also acquired two companies: marine software company DockMaster and marine publishing company Mad Mariner, which included DIY Boat.
To learn more, and to create a free business profile on MyTaskit, visit www.mytaskit.com.
