Expert360 is cementing its position as a world leading online consulting marketplace platform, recently announcing it has completed a $13 million investment round, led by AirTree Ventures.
The Series B investment will enable Expert360 to carve out a bigger slice of the $600B global consulting industry by offering a host of new features and functionality for both clients and consultants, as well as continued international expansion. This round of investment brings total funding to $21M for this 2017 SMART 100 finalist.
“Thousands of companies including Commonwealth Bank, BHP, Woolworths and Qantas rely on our platform to build high-performing teams on demand, deliver superior project outcomes and reduce costs at the same time,” said CEO/co-founder Bridget Loudon.
“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.”
Expert360 has also welcomed AirTree Ventures cofounder Daniel Petre to its board. Petre served as Managing Director for Microsoft in Australia and has established three major technology investment companies in Australia, including AirTree Ventures, the country’s largest VC fund.
Why has Expert360 attracted this funding?
“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. This company is going to redefine the consulting industry.” said Petre.
Existing investors include Frontier Ventures and former Macquarie Chief Allan Moss.
The average value of projects available on the platform has also increased steadily, with projects now valued at up to $700,000. Over the next year, Expert360 plans to bring additional functionality to the platform that allows businesses to easily work with individuals in their personal or professional network, manage their contingent and consulting workforce and streamline the team building process.
“Our vision from the start has been to bring people together seamlessly to do high quality work, by providing an intuitive, user-friendly platform.” says COO/co-founder Emily Yue.
AirTree has made more than a dozen investments over the last year including market-leading companies such as Canva, Prospa, 90Seconds and Paxata. They have recently made a series of high profile hires of investors and operators with world-class international experience including James Cameron (previously at Accel) and Google’s VP of Product, Anil Sabharwal.
“Daniel, James and the broader AirTree Ventures team are the perfect partner for us for the next stage of our growth,” said Loudon.