A student ‘task app’ from London, UniTaskr successfully connects businesses with over 180,000 students for paid work opportunities. Now, the company just announced that it picked up £1.25 million in a funding round from angel investors.
Ambitious scaleup plans
UniTaskr will use the investment to scale its operation and advance its technology. In addition, the funds will be attributed to the launch of multiple new services, designed to advance student recruitment and maximise its growing network, following the success of ‘SHOUT by UniTaskr’, a dedicated nano-influencer agency that connects leading brands with tens of thousands of readily engaged students.
Joseph Black co-founder of UniTaskr, confirmed: “Since we officially launched UniTaskr in September 2019, both Oliver and I have worked hard to create a platform that successfully bridges the gap between students and businesses, whilst providing the opportunity for students to gain valuable, paid work experience that will increase their chances of securing a desired and relevant job role once they’ve graduated.”
Oliver Jacobs, co-founder of UniTaskr, added: “Following the success of SHOUT, Joe and I have a number of exciting plans in place for the coming months, which includes the launch of our own student market research service for brands, as well as our own student recruitment sector to extend our offering to our students. After a big couple of years, we’re happy to have secured a 7-figure investment and very excited about the next 12 months.”
Growth in revenue
Founded by Oliver Jacobs and Joseph Black in 2019, UniTaskr scaled up its monthly revenue by 1900 percent over the past 18 months. It was ranked the top free Lifestyle and Business app via the Apple App Store. It was founded to provide a smart and reliable way to help students generate additional income, whilst gaining valuable work experience across different sectors.
Over the last two years, the startup accelerated from 4,000 members, 7,000 tasks and £150K in work opportunities created during 2020, to now having 180,000 members, 190,000 tasks and an incredible £10.7 million in opportunities offered in collective income to students during 2021.
As a result, the tech start-up has successfully scaled its monthly recurring revenue to 6 figures.
Headquartered in London with offices in Manchester, UniTaskr now employs a team of 20 individuals and is looking to appoint six additional new hires in the coming weeks.