Expert360 says the series B investment will enable it to carve out a “bigger slice of the $600 billion global consulting industry by offering a host of new features and functionality for both clients and consultants”.
The company also says the funds will assist in continued international expansion, with the latest capital raise bringing total funding to $21 million.
“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 chief executive and co-founder Bridget Loudon.
Loudon said Expert360 had also welcomed AirTree Ventures co-founder 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, claimed as the country’s largest VC fund.
“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.
According to Loudon, the average value of projects available on the Expert360 platform has also increased steadily, with projects now valued at up to $700,000 – and 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 chief operating officer and co-founder Emily Yue.