The $20 million Series B fundraising round for TaskHuman, a digital coaching platform, was led by Madrona and included current investors Impact Venture Capital, RingCentral Ventures, Sure Ventures, and USVP as well as new investors Gaingels, PeopleTech Angels, Propel(x), and Zoom Ventures. The total amount of investment raised by TaskHuman to date ($35 million) has more than doubled with this most recent round.
The new money will be used to drive global expansion by scaling TaskHuman’s network and hiring additional specialised trainers, according to TaskHuman co-founder and CEO Ravi Swaminathan. The ultimate goal, according to Swaminathan, is for TaskHuman’s network to amass sufficient expertise so that users – employees – can create their own “dream team” of private trainers to meet their unique requirements. He continued by saying that TaskHuman gives trainers yet another way to work in the gig economy.
The breadth of personal coaching subjects offered as a result and the platform’s accessible choices, including real-time video on demand, were also cited by John Torrey, venture partner at Madrona, as competitive advantages for TaskHuman.
Businesses are scrambling to come up with innovative methods to provide better services to their employees, especially as workforces become more dispersed. Organizations are searching for more distinctive rewards to attract and keep top employees as the Future of Work evolves, according to Torrey.
Swami Nathan and the head of engineering, Daniel Mazzella, created TaskHuman in 2017 to deliver real-time digital coaching via one-on-one video chats. In 50 different countries, it presently maintains a network of about 1,000 coaches.