TaskUs

Last updated
TaskUS
IndustryOutsourcing company
Founded2008
FoundersBryce Maddock, Jaspar Weir
HeadquartersNew Braunfels, Texas
Key people
Website www.taskus.com   OOjs UI icon edit-ltr-progressive.svg

TaskUs is an outsourcing company that handles content moderation for companies including Facebook and DoorDash.

It was founded by Bryce Maddock and Jaspar Weir in 2008 in Santa Monica, California. [1]

The company moved its headquarters to San Antonio, Texas in 2017, then to New Braunfels, Texas in 2018. [2] Its revenue for the first half of 2021 was $332.9 million. The company's principal operations are in the Philippines, with about 19,000 employees (70% of their total) located there. About 4000 employees are located in the United States. [3] [4] [5] [6]

Early funding included $15 million from Navegar, a private equity fund in the Philippines, and a $14 million loan from Bridge Bank. The Blackstone Group invested $250 million in 2018. [1] [3] [7]

The company had its initial public offering in June 2021; it is traded on NASDAQ as Nasdaq :  TASK. Approximately 30% of the company's revenue is from providing content moderation for Facebook, and about 12% is from DoorDash. [8] [9] [10] [11]

Other customers include Coinbase (beginning in 2017), Netflix, Zoom (beginning in 2020), Whisper, Tinder, AutoDesk, and Uber (beginning in 2013). [1] [3] [12]

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References

  1. 1 2 3 Levy, Ari (11 June 2021). "TaskUs founders' path to Nasdaq started with high school parties and a yogurt venture in Argentina". CNBC. Retrieved 31 August 2021.
  2. ↑ "TaskUs files for IPO; HQ now in New Braunfels instead of California - Austin Business Journal". Austin Business Journal. 13 April 2021. Retrieved 31 August 2021.
  3. 1 2 3 "How Two High School Friends Turned $25,000 Into an $80 Million Business". Inc.com. June 2016. Retrieved 31 August 2021.
  4. ↑ "TaskUs prospectus". sec.gov. Retrieved 31 August 2021.
  5. ↑ "TaskUs reports more than 57% year-over-year revenue growth - San Antonio Business Journal". San Antonio Business Journal. 12 August 2021. Retrieved 31 August 2021.
  6. ↑ Abad, Roderick (6 October 2014). "BPO firm TaskUs to invest $25M for PH expansion". ABS-CBN.
  7. ↑ "TaskUs Attracts $15 Million Strategic Investment from Navegar". BusinessWire.
  8. ↑ "Blackstone Weighs Options for Outsourcing Firm TaskUs". Bloomberg.com. 4 February 2021. Retrieved 31 August 2021.
  9. ↑ "Research analyst says TaskUs is set to ride a growth wave - San Antonio Business Journal". San Antonio Business Journal. 19 April 2021. Retrieved 31 August 2021.
  10. ↑ "QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2021". sec.gov. Retrieved 31 August 2021.
  11. ↑ Satariano, Adam; Isaac, Mike (31 August 2021). "The Silent Partner Cleaning Up Facebook for $500 Million a Year". nytimes.com. Retrieved 31 August 2021.
  12. ↑ Lingle, Brandon (13 April 2021). "New Braunfels' tech firm TaskUs files to go public". San Antonio Express-News. Retrieved 31 August 2021.
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