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Tasklet Secures $20 Million...

Tasklet Secures $20 Million Investment From Union Square Ventures And Lightspeed At $175 Million Valuation
SOLD

Tasklet Secures $20 Million Investment From Union Square Ventures And Lightspeed At $175 Million Valuation

Building Size

Asset Type

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

Andrew Lee

Seller

$4.5M

vol

3 deals

Seller

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