Bizzby Raises $10M From Hedge Fund To Take On TaskRabbit-Style Services In UK

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On-demand services marketplace Bizzby has raised $10 million, and claims to have reached 40,000 users its first three months of operation this year with a smartphone app resembling TaskRabbit-style services, but aimed specifically at professional tradespeople. The investors was undisclosed but sources say the investor is a US-based Hedge Fund with over $25B under management. Bizzby offers on-demand access to trades such as cleaners, plumbers, electricians, handymen and others.

All jobs are guaranteed by Bizzby and fulfilled in seconds via its “InstantPay” system which pays out to the supply network the moment jobs are completed as opposed to week or monthly payouts.

The startup is led by founder and CEO Rohan Sinclair Luvaglio and co-founders Michael Camilleri-Ferrante and Howard Lewis, and claims that service providers are “carefully curated and fully vetted, verified by a patent pending process and interviewed in person before being able to provide a service.”

The company is based in Shoreditch, the main area of the organic clusters of startups in East London called Silicon Roundabout by local tech entrepreneurs, but later dubbed ‘Tech City’ by the UK government.