SOURCE: TaskEasy

TaskEasy

April 26, 2016 09:15 ET

TaskEasy Raises $12M Series B to Expand On-Demand Home Exterior Maintenance Services

TaskEasy Brings Online Convenience to Property and Yard Maintenance Nationwide, Improves Customer and Property Manager Experience, and Contractor Efficiency

SALT LAKE CITY, UT--(Marketwired - Apr 26, 2016) - TaskEasy, the premier nationwide on-demand exterior maintenance provider, announced an oversubscribed $12M Series B financing led by Delta Electronics Capital with participation from new investors Moderne Ventures, MTD Products Inc and others, as well as existing investors Grotech Ventures, Access Venture Partners, and Kickstart Fund. The funding, from a mix of financial and strategic investors, comes after TaskEasy's latest milestone of delivering over $10M in services and will be used to expedite company growth and product development.

"It's always been our mission to provide world-class services directly to consumers and property portfolio managers while helping reliable contractors build sustainable businesses," said Ken Davis, CEO of TaskEasy. "With this funding we'll be able to broaden our current offering and enhance the customer experience, while making our contractors more efficient and more profitable."

TaskEasy works closely with homeowners, property managers, and real estate professionals who can easily upload entire property lists to their client portal, allowing for easy one-time or recurring scheduling of services. "We're excited for this strategic partnership and we truly believe TaskEasy challenges the status quo. They provide real value to the home services industry and property managers nationwide," stated Constance Freedman, Founder and Managing Partner of Moderne Ventures, who provided a key strategic investment from the real estate industry.

The investment participation from MTD Products Inc, a leader in the lawn equipment industry, also confirms the company's nationwide presence as a legitimate source for contractor success and profitability. "As the preferred equipment and service provider for TaskEasy, we believe this is a great way to leverage our nationwide network of product and service dealers to TaskEasy's impressive system of contractors," said MTD CEO Robert Moll.

Lawson DeVries, General Partner at Grotech and now two-time investor with the company, stated, "We're excited to continue our partnership with and investment in TaskEasy. TaskEasy is the clear leader in the on-demand exterior property maintenance industry and we're excited to help grow their business as it solves real pain points for property managers, consumers, and contractors alike."

TaskEasy has performed over 400,000 tasks in more than 4,800 cities across all 50 states. The company has also established the largest network of lawn maintenance contractors with more than 5,000 screened and insured contractors. TaskEasy provides lawn mowing and snow removal services in areas that include over 95% of the U.S. population.

About TaskEasy
TaskEasy is a services automation company that allows customers to buy and receive exterior maintenance services like lawn mowing, snow removal, and pool cleaning -- as easily as buying products online. The first company to apply the services-on-demand model to home exterior services nationwide, TaskEasy's patent-pending formula establishes fair market pricing and supports a hassle-free, quality service delivery for homeowners, property managers and contractors. For more information, visit http://www.TaskEasy.com.

About Grotech Ventures
Founded in 1984, Grotech Ventures is a leading investor in high-potential technology companies. With more than $1.3B under management, Grotech seeks innovative IT companies with particular emphasis on digital and social media; software and SaaS; security and storage technologies; healthcare information technology; and communications technology and services. Grotech continues to invest and add value throughout the growth of its portfolio companies. General partners include Frank Adams, Chuck Cullen, Lawson DeVries, Steve Fredrick, Don Rainey and Joe Zell. The firm has offices in Virginia, Maryland and Colorado. For more information, please visit www.grotech.com.

About MTD Products Inc
MTD Products Inc is a worldwide leader in outdoor power equipment producing equipment for both residential and professional markets. Founded more than 80 years ago and proudly headquartered in Valley City, Ohio, MTD's engineering expertise and state-of-the-art facilities are known for innovation and award-winning products. MTD's premier brands including Cub Cadet and Troy-Bilt have earned a reputation for excellence in quality, customer service and performance. For more information, visit www.mtdproducts.com.

About Moderne Ventures
Moderne Ventures™ is an early stage venture fund investing in technology companies in and around the multi-trillion dollar industries of real estate, mortgage, finance, insurance, and home services. Moderne Ventures invests in those companies that are challenging the status quo, filling the gaps and building value into these key marketplaces and have the ability to expand into other markets. Moderne has partnered with more than 300 corporations and executives within these industries who are investors, mentors and advisers to Moderne and its companies -- together they make up the Moderne Network™. The Moderne Accelerator™ launches companies into Moderne's target marketplaces through education, exposure and access to the valuable insight from our Moderne Network of expert advisors. Additional information available at www.moderneventures.com.

About Delta Electronics Capital
Delta Electronics Capital is the corporate investment arm of Delta Group. Delta Group is the world's leading provider of power management and thermal management solutions, as well as a major source for components, visual displays, industrial automation, networking products, and renewable energy solutions. Delta Group has sales offices worldwide and manufacturing plants in Taiwan, China, Thailand, Japan, Mexico, India, Brazil and Europe. As a global leader in power electronics, Delta's mission is, "To provide innovative, clean and efficient energy solutions for a better tomorrow." For more information, visit www.deltaww.com.

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