ASX-listed Airtasker raises another $10 million

Freelancer marketplace Airtasker has completed a $10 million equity capital placement led by US radio and podcast giant iHeartMedia, powering the Australian company’s overseas marketing effort.

The deal will help Airtasker — the Sydney-based platform connecting customers to freelance gardeners, bartenders, accountants, and beyond — compete for publicity against global rivals like Upwork and Fiverr.

The placement coincides with an expanded iHeartMedia partnership, which grants the company access to a further $7.6 million in media and advertising resources in the US.

The latest arrangement joins the ever-growing list of media-for-equity arrangements signed by the 13-year-old Airtasker.

Airtasker penned an initial $7.6 million deal with iHeartMedia in August 2024.

Beyond iHeartMedia, Airtasker’s international subsidiaries have already signed tens of millions of dollars in media partnerships with US companies Sinclair Broadcast Group, which owns hundreds of TV stations across America, and media-for-equity fund Mercurius Media.

Just last month, Airtasker’s UK arm signed an equity deal with 4 Ventures, the venture capital wing of Channel Four Television, bringing its total investment in Airtasker to more than $19 million.

Closer to home, Airtasker last year signed a $6 million deal for ARN Media’s audio inventory, and $5 million for access to oOh!media’s extensive billboard and bus shelter ad slots.

Beyond iHeartMedia, existing shareholder Exto Partners, and new institutional and sophisticated investors chipped in to the most recent capital placement.

In a statement, cofounder Tim Fung said its backers “believe in Airtasker’s mission and the opportunity to replicate the profitable business we’ve built in Australia into even larger markets in the US and UK”.

Airtasker hit $28 million in annual recurring revenue across the US and UK markets in June 2025, according to Fung, who said overseas revenue growth will accelerate due to the extra resources now at its disposal.

The jobs marketplace went public in March 2021, nine years after its launch, at an IPO price of $0.65 cents a share.