Home Business NewsBusinessBusiness Growth News Student ‘task app’ secures £1.25m in funding after scaling by 1,900 per cent

Student ‘task app’ secures £1.25m in funding after scaling by 1,900 per cent

by LLB staff reporter
2nd Nov 21 12:04 pm

A student ‘task app’ that successfully connects businesses with over 180,000 students for paid work opportunities has secured an impressive £1.25 million in funding, after scaling its monthly revenue by 1900% over the last 18 months.

Ranked as the top free Lifestyle and Business app via the Apple App Store, UniTaskr was originally established in September 2019 by co-founders Joseph Black and Oliver Jacobs 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 young entrepreneurial duo has worked hard to expand both student and business users – having 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 £10.7M 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 and has attracted an impressive £1.25 Million in pledged funding from angel investors.

With ambitious growth plans, the 7-figure investment will now be used to scale the UniTaskr operation and advance its technology. In addition, 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. By increasing our reach over the last 18 months, we have significantly scaled our membership by 5354% and have established an exciting, new revenue stream in SHOUT, which has propelled our growth and enabled us to deliver effective student marketing campaigns for leading brands worldwide.”

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.”

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.

Working closely with household names including Iceland, Redbull and Groupon, SHOUT by UniTaskr is fast-becoming an influential agency within the growing, nano-influencer space – recently positioned by TikTok as the largest nano-influencer organisation worldwide with over 180K student nano influencers and an estimated combined reach in excess of 500 million followers.

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