Online marketplace Sooqini secures $500,000 Series A funding in deal led by investment duo
Seed capital in the outsourcing website to accelerate growth
UK task marketplace Sooqini has raised $500,000 in a Series A funding round led by Paulo Rubatto, founder of early-stage investment firm Start Capital, and private investor Lars Toft Larsen.
Founded in 2011, London-based Sooqini lets users buy or sell a wide range of services and errands through its digital platform, available online and as an app.
Buyers post tasks and then receive offers from interested sellers. Once the job is completed, the company takes a 15% cut.
The digital marketplace has attracted over 15,000 sellers and now intends to use the investment, which coincides with the reveal of its newly-designed website and iOS app, to ramp up growth and support the launch of an Android version of its app next month.
The announcement also follows the site’s recent unveiling of its ‘Sooqini Silver Service’, a paid-for premium addition which provides a personalised service to buyers including filtering offers from sellers and organising itineraries.
The deal sees Larsen and Rubatto join Sooqini’s board of chairs.
Discussing its offering Raj Singh, Sooqini co-founder and CEO, said: “Sooqini’s aim is to be the place to get stuff done for everyone, whether it’s the man on the street who needs his shirts ironed, or a business that needs its accounts done.
“And everything we do is based on trust, so you know you can have faith in the people buying and selling services on Sooqini.”