Oneflare raises a further $1 million investment

- October 24, 2014 2 MIN READ

Today, local services marketplace Oneflare, founded by Adam Dong and Marcus Lim, announced that it has secured a further $1 million in funding, taking total capital raised so far for the startup to $1.5 million.

Oneflare has become one of  Australia’s fastest growing marketplace for local services in last 12 months, helping to connect customers with over 200 business categories. Cleaners, electricians, plumbers, removalists, painters, accountants, gardeners (and many more) Australia-wide use Oneflare to secure highly qualified job leads. Customers, in turn, use the platform to quickly source multiple quotes from Oneflare’s qualified service providers.

The most interesting data to come out of the last 12 months of operation of Oneflare as previously told to Startup Daily by co-founder Marcus Lim is its business registration statistics. Oneflare have found that builders were signing up to the online service more rapidly than any other category of workers. This was followed closely by handymen, electricians, plumbers and cleaners.

This suggests that more and more, service based businesses are looking online for ways that can expand the opportunities for their businesses, and with some builders having previously made as much as $100,000 on a job through Oneflare before, are seeing the startup as a worthwhile lead generation tool for their business.

Oneflare will use the funds to further expand its team, ramp up sales and marketing activities and explore early opportunities to expand beyond Australia. Currently the startup has a team of 17 people in Sydney.

“We expect to further expand our team over coming months,” said Marcus Lim, co-founder and CEO. “We’re seeing very pleasing growth in job volumes every week and we’ll be adding to our sales, marketing and customer service capabilities in line with this growing demand.”

“We’re very fortunate to have an exceptionally supportive group of investors”, continued Lim. “The additional capital has come almost entirely from this existing group, allowing us to close this round very quickly.

The startup currently boasts over 50,000 registered businesses on the platform and claims to be seeing almost 500,000 unique visitors per month. Lim says this funding is all about acceleration of growth.

Oneflare’s investors include Les Szekely of Equity Venture Partners, Garry Visontay, of the Sydney Seed Fund and Dr. Jeffrey Tobias of The Strategy Group.