Australian B2C talent platform Airtasker announced that its US operating company, Airtasker USA has raised a combined USD 9.75 million in media capital from American audio company, iHeartMedia and Spanish-language content and media company, TelevisaUnivision.

The partnership with TelevisaUnivision will provide Airtasker with USD 4.75 million in advertising inventory in exchange for a 17.1% equity stake in Airtasker USA.

At the same time, the strategic multi-year partnership with iHeart will provide Airtasker with USD 5.0 million in advertising inventory in exchange for a 4-year convertible note with a 5.0% coupon.

Airtasker’s alignment with both iHeart and TelevisaUnivision builds on a global media partnership strategy and previously announced partnership with Channel 4 in the UK as well as recent Australian partnerships with oOh!media and ARN Media.

Airtasker CEO Tim Fung said in a press release, “We are super pumped to be building on the momentum of our global media partnership strategy by joining forces with two of America’s leading media companies - iHeart and TelevisaUnivision - to scale Airtasker in the USA.”

Fung added, “We believe Airtasker’s mission - to empower people to realise the full value of their skills – is incredibly relevant in the US market and with a population 15x the market size of Australia, the opportunity ahead of us is absolutely enormous. We can’t wait to get moving.”

Last week, the company published its FY 2024 results reporting a net loss after tax attributable to the owners of Airtasker Limited of AUD 2.89 million (USD 1.9 million). This was an improvement over last year’s loss of AUD 12.90 million (USD 8.8 million).