MyTaskit, a provider of software as a service (SaaS) solutions for connecting service professionals to their technicians and customers, announced it received a new round of mezzanine funding totaling $1.7 million, which brings investments in the company to $11 million.
The West Palm Beach-based startup also announced four new investors: independent investors H. Raymond Bingham and William O. Grabe (advisory directors from General Atlantic LLC.); Charles W. Horn, Chairman, Pro Private Equity/PBMS Group; and David E. Shaw, Managing Partner, Black Point Group. George Conrades, Managing Partner, Longfellow Venture Partners, is the lead investor and was part of MyTaskit’s initial launch.
MyTaskit offers a free web app accessible via any desktop or mobile device that allows owners to better manage their high-value possessions and communicate with service technicians about maintenance and repairs, the company said. On the service provider side, MyTaskit helps professionals simplify coordination of tasks to improve the availability, effectiveness and efficiency of service communications while also increasing consumer loyalty and profitability. MyTaskit’s initial launch was in the marine industry in April 2015.
“The time is right for MyTaskit,” said Conrades. “There’s so much inefficiency with the entire service tech model, from the assignment and coordination of tasks, to obtaining fast estimates on work, to managing the backend-side of a service business. MyTaskit ties it all together, making it easier for the customer and the service technician.”
Last year, MyTaskit expanded into the Northeast and Pacific Northwest. “The marine industry was a great place for us to launch MyTaskit given the frequency and broad categories of service on boats like mechanics, plumbers, electricians, and the fact the marine industry is a mirror copy of other service industry structures and dynamics like residential services and property management needs,” said Kevin Hutchinson, founder and CEO of MyTaskit. “Additional industries we intend to serve are on the horizon.”