Telef贸nica makes its first ever Wayra startup investment, with UK small jobs marketplace Taskhub

Telef贸nica makes its first ever Wayra startup investment, with UK small jobs marketplace Taskhub

After launching in Latin America in April 2011, Telef贸nica鈥榮 startup accelerator Wayra finally landed in Europe early in 2012, starting with Madrid, and followed swiftly after by London.

In June, sixteen teams were chosen for the 6-month long incubation in London, one of which was small jobs marketplace Taskhub, which has become the first Wayra startup globally to receive funding from Telef贸nica.

Indeed, Telef贸nica Digital, the digital innovation arm of O2 parent Telef贸nica, has announced that its venture capital team has invested a 鈥渟ix figure sum鈥 in Taskhub, an online marketplace not too dissimilar to Task Rabbit. In a nutshell, Taskhub lets you outsource errands to trusted individuals or small businesses in your community. You聽 post a task, and the price you are willing to pay for it. Verified experts, who are vetted based on a range of checks including customer reviews, can then bid for the job.

Taskhub_Screenshot

Thus far, Taskhub has been in private beta, but officially launches today for London, with the rest of the UK to follow later this year. Wayra has been working with Taskhub throughout its incubation period, providing a shared working space, technology, know-how and access to the investor community.

In addition to its investment, Telef贸nica will also seek to leverage opportunities for Taskhub through Telef贸nica UK to help it accelerate. This includes marketing through O2 channels, including its small business customer base, and also tapping O2 assets such as Priority Moments Local. The potential kick-back for Taskhub on the marketing front is huge.

We鈥檙e told that there may also be potential for Taskhub to launch in other markets where Telef贸nica operates.

鈥淲e created Wayra to find and nurture the best technology start ups and this investment is a fantastic example of how we can then take a start up beyond seed stage, leveraging both our venture capital capabilities and opportunities within our operating businesses,鈥 says Martin Harriman, Head of Telef贸nica Digital for the UK and Ireland. 鈥淚t is also a great proof point of the commitment Telef贸nica and O2 have to supporting and investing in the UK start up community.鈥

Wayra London is part of a global network that now covers 13 academies in 12 countries in Europe and Latin America. Telef贸nica鈥檚 venture capital team has representatives in Silicon Valley, London, Madrid and Tel Aviv and is focused on early to mid-stage investments and acquisitions. Most recently it led an investment round in Everything.me, an Israel-based startup, while Telef贸nica also acquired video communications company TokBox back in October.

Feature Image Credit 鈥 Thinkstock

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