Oneflare operates an online marketplace that connects users with experts in categories such as concreting, renovating, painting and cleaning. Founded in 2011, the platform reports about 1.3 million monthly visitors and 80,000 registered businesses and has doubled in size from the prior year. Management emphasizes reviews and trusted customer experiences as a key competitive differentiator. The company secured a strategic partnership with Fairfax’s Domain Group that includes investment and product integration into Domain’s 'ownership' section. Funding will be used to build out products, support a hiring growth spurt, and for marketing. Oneflare positions itself as one of two leading players in the Australian tradie marketplace as competition intensifies. Oneflare operates an online marketplace where consumers post jobs free of charge and receive competitive quotes from vetted local businesses. The platform hosts over 70,000 registered businesses across more than 200 categories and draws more than 1.3 million unique visitors per month. Following acquisitions of Renovate Forum and WOMO, Oneflare has access to roughly half a million consumer reviews. FY15 revenue grew 300% year‑on‑year, and the company expects revenue to triple in FY16. The start-up, launched in early 2012, has a 40‑person team based in Sydney and offers a guarantee on services booked through verified businesses. Management says the new funding will be used to expand the team with a focus on technology, sales and customer support as it prepares for an IPO. Oneflare is an online and mobile local-services marketplace founded in 2011 in Sydney, Australia. The site lets users request multiple quotes from pre-vetted providers across more than 200 categories, including cleaners, electricians, plumbers, painters, accountants and gardeners, and links customer reviews to completed transactions. It verifies providers via Australian Business Numbers (ABN), licenses, insurance and qualifications, and offers guarantees including up to AUD$500 for home damages and a AUD$50 on-time bond. The company reports 50,000 registered businesses and about 500,000 unique visitors per month, and says AUD$55 million of jobs have been requested through the site to date. Oneflare says it has tripled revenue over the last year and seen a 300 percent increase in total traffic over the past 12 months. The startup plans to use the new capital for hiring, sales and marketing, and international expansion.

Total raised

$19M

Funding rounds

3

Latest round

Equity

Latest activity

May 2016