Consulting-on-demand provider Expert360 has secured a $13 million series B capital raising round, while adding AirTree Ventures co-founder Daniel Petre to its board.
AirTree led the capital raising round, which brings the total investment into Expert360 up to $21 million.
“This company is going to redefine the consulting industry,” said Petre.
“Expert360 has hugely resonated with executives who have long sought a way to tap specialised skills for project work… Traditionally, this access has been costly, time-consuming or both.”
Expert360 is a marketplace that match employers that require short-term professional help with pre-screened white collar workers who would like to work on one-off consulting projects. The success of the platform has seen value of the biggest projects now hit $700,000.
The startup, founded in 2013, will use the new funds to develop additional features on its platform, including allowing businesses to work with consultants “in their personal or professional network”, manage their casual workforce and “streamline the team building process. International expansion will also be investigated.
“Our vision from the start has been to bring people together seamlessly to do high quality work, by providing an intuitive, user-friendly platform,” said Expert360 co-founder and chief operating officer Emily Yue.
AirTree is Australia’s largest venture capital fund, with a $250 million pot established last September. The firm has now invested in 35 startups, including leading a $25 million round in February for fintech Prospa.
Expert360 co-founder Bridget Loudon said AirTree was the right partner to have on board, with her company’s continued growth in the professional services sector.
“Expert360 has over 15,000 vetted professionals covering hundreds of capability areas. Clients are telling us that many of the best consultants are no longer sitting in firms, or looking to take full-time jobs. They’re on Expert360.”
Loudon, currently ranked number 16 in the Business Insider Tech 100, has been an outspoken leader in the local startup industry. In April, she said that the federal government’s abolition of the 457 visa could force successful startups to flee Australia to fill skills shortages.
“457 visas have played a big part in helping us grow so significantly over the past four years and it would be a shame if other high-growth businesses would not be able to achieve that same level of success because of these changes,” she said at the time.
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