Oneflare close $500,000 funding round with local investors

- June 19, 2013 2 MIN READ

Australian startup Oneflare.com.au, which connects consumers to local service businesses, has raised $500,000 in funding from local investors.

Oneflare has raised the funding following explosive growth

1300% increase in total traffic in the last 12 months. Now a top 2000 visited website in Australia

130,000 unique visitors per month

$16 millions in jobs requested

Over 30,000 businesses registered in over 250 service categories

Oneflare is a marketplace that helps connect individuals with local service businesses that best suit their needs. Top categories on the site are cleaners, electricians, plumbers, removalists, pest control, painters, accountants, bathroom and kitchen renovators, landscapers, and gardeners.

For individuals and families, Oneflare saves time searching for the right local business, helps find someone trustworthy and reliable, and ensures a fair price.

For businesses, Oneflare provides timely, pre-qualified leads so operators can focus on the job at hand, while helping to grow reputation.

Les Szekely from Grand Prix Capital, Garry Visontay, Principal Sydney Seed Fund and Dr. Jeffrey Tobias, Director The Strategy Group are the investors. Les, Garry and Jeffrey have formed a small investment syndicate, and have previously jointly invested in DesignCrowd

Capital will be used for scaling online user acquisition growth, continued marketplace innovation, and driving revenue growth

“Launching Oneflare to the Australian public has been an incredible ride. My co-founder Adam Dong and I left our corporate jobs to pursue this entrepreneurial path, and haven’t looked back. The feedback from the Australian public who have used Oneflare to find great local businesses has been tremendous. They love the easy to use website” says cofounder Marcus Lim.

“Similarly, service businesses around the country have started earning more than ever before.“We’re now cash flow positive so this funding is really about scaling and becoming the number one marketplace for consumers and service businesses to find each other. The experience that our investors bring to Oneflare is equally as important as their funding. We look forward to tapping into their experience, and capital, to fire a rocket under our already rapid growth.” Lim stated.

“We’re always on the hunt for exciting, innovative businesses that have proven revenue streams and a team that we’re confident can go the distance” said Les Szekely of Grand Prix Capital. “We were incredibly impressed by Oneflare from the moment the business was brought to our attention. Oneflare is an easy-to-use service and we believe it will quickly become one of the most visited websites in Australia.”