ARN invests in Airtasker

Airtasker, an Australian company that allows people and businesses to outsource everyday jobs, have announced a $5 million media capital partnership with the Australian Radio Network (ARN).

Airtasker will get access ARN’s stations and the iHeartRadio Network with $5m in audio media inventory in exchange for a 2-year $5m convertible note with a 5.8% coupon rate.

Airtasker CEO Tim Fung said:

“We are thrilled to be building on the momentum of our global media partnership strategy by partnering with ARN and their enormous audio network. With podcasting and digital radio more popular than ever, audio is having a huge renaissance and presents a massive opportunity.

The sheer ARN audience numbers – including for Kyle & Jackie O and Will & Woody – will amplify the stories that come with millions of tasks completed each year in the Airtasker community.

This partnership, combined with our recently announced agreement with oOh!media, brings our available Australian media capital to $11m from both partners. This follows on from our $6.7m Channel 4 media partnership in the UK in June 2023, which is already delivering results.”

Airtasker, which formed in 2012 in Sydney, already has 2 million users across the world. Audio, production and voiceover are not (yet) services you can outsource via Airtasker.

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