Tasklet Secures $20 Million Investment From Union Square Ventures And Lightspeed At $175 Million Valuation
Building Size
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Asset Type
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Closing
Apr 8, 2026
AI
Tasklet has raised $20 million in a funding round led by Union Square Ventures and Lightspeed, with additional participation from Y Combinator, Jeff Dean, Patrick & John Collison. The company's valuation stands at $175 million following this investment. Tasklet aims to expand its operations by enhancing its team in San Francisco, adding 11 new roles as it exits beta and scales its cloud-based AI agent operating system.
Summary of transaction details:
- Deal Type: Investment
- Transaction Amount: $20,000,000
- Valuation: $175,000,000
- Founder: Andrew Lee
- Headquarters: San Francisco, California
- Notable Investors: Union Square Ventures, Lightspeed, Y Combinator, Jeff Dean, Patrick & John Collison
Founded by Andrew Lee, Tasklet has demonstrated significant growth, achieving over 1,200% growth in Q1 2026 and crossing $5 million in Annual Recurring Revenue (ARR). The startup, which recently rejoined Y Combinator after a 15-year gap, is focused on building a system that connects various work tools, provides custom user interfaces, and operates continuously.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93