Marine management software provider MyTaskit revealed a new round of funding on Monday that totals $1.7 million and brings the company’s seed investment to $11 million.
MyTaskit named four new investors: independent investors H. Raymond Bingham and William O. Grabe (advisory directors from General Atlantic LLC.); Charles W. Horn, chairman of Pro Private Equity/PBMS Group; and David E. Shaw, managing partner of Black Point Group.
George Conrades, managing partner of Longfellow Venture Partners, is the lead investor and was part of MyTaskit’s initial launch.
“The time is right for MyTaskit,” Conrades said in a statement. “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 back-end side of a service business. MyTaskit ties it all together, making it easier for the customer and the service technician.”
MyTaskit offers a free web app accessible via desktop or mobile device that allows owners to manage their high-value possessions and communicate with service technicians about maintenance and repairs. On the service-provider side, MyTaskit helps professionals coordinate tasks.
The funding comes as MyTaskit reports that its consumer adoption is up 20 percent and that overall, marine professionals that have adopted MyTaskit are looking to coordinate business with more than 35,000 consumers they serve.