Traxlo Secures €1.6 Million in Funding

Traxlo, a Vilnius-based platform that converts physical labor into verifiable tasks, announced a €1.6 million funding round. The company aims to replace traditional shift-based staffing with an outcome-based model, breaking down physical work into standardized, measurable tasks. These tasks are then matched to local workers via its tasku.app platform, with future plans to automate task creation and completion checks using an AI engine (tasku.ai). Traxlo's platform has already facilitated over 300,000 tasks across various sectors, including retail and logistics, and boasts collaborations with 60% of Europe's largest commerce players.

The round was led by Coinvest Capital, Bad Ideas Fund, Plug and Play, NGL, and DEPO Ventures. Participating investors included Iron Wolf Capital and Antler. The funding will be used to expand Traxlo's pay-per-task infrastructure across Europe, with current expansion efforts underway in Czechia and Romania.

"We’re not another gig or shift labour app. We’re building the labour infrastructure for the age of AI," commented Paul Vezelis, Co-founder and CEO of Traxlo.

The global on-demand labor market is experiencing significant growth, projected to reach substantial figures in the coming years. Traxlo's model offers businesses guaranteed outcomes rather than hourly wages, addressing labor shortages and providing workers with flexible income opportunities. The company's future plans include integrating AI features to further automate task management and incorporating robotic workers into its platform. Founded in 2020, Traxlo's platform currently connects businesses with workers for tasks such as shelf replenishment, product scanning, warehouse unloading, and e-grocery picking. Each task is designed to be easily learned and completed by local workers.

Several companies offer similar on-demand labor platforms, including TaskRabbit, which focuses on handyman services, and Thumbtack, which connects customers with various service professionals. These platforms, however, may not focus specifically on the standardized, AI-driven task management that Traxlo offers.