MyTaskit announces new investors - Trade Only Today

MyTaskit announces new investors

Marine management software provider MyTaskit revealed a new round of funding on Monday that totals $1.7 million.
Publish date:

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.


E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.