Traxlo has secured €1.6 million in funding to expand its innovative labor platform across Europe, focusing on transforming physical work into a performance-based task model.

Information on the Target

Traxlo is an innovative platform that is revolutionizing the physical labor sector by transforming conventional tasks into verifiable outcomes. Recently, the startup successfully secured €1.6 million in funding from several venture capital firms, including Coinvest Capital, Bad Ideas Fund, Plug and Play, NGL, DEPO Ventures, and participation from existing investors such as Iron Wolf Capital and Antler. The funds are earmarked for expanding Traxlo's pay-per-task labor infrastructure across Europe, with ongoing launches in the Czech Republic and Romania.

As generative AI alters the landscape of white-collar jobs, Traxlo is poised to capture a significant market shift by redefining how physical work is sourced, priced, verified, and scaled. Instead of providing traditional shifts or temporary roles, Traxlo introduces a performance-based model that sells outcome-priced tasks, which are distributed locally via its worker app, tasku.app. The upcoming AI engine, tasku.ai, aims to automate task creation and completion verification, employing large language model agents and computer vision technology.

Industry Overview in the Target’s Specific Country

In the context of the Czech Republic and Romania, the labor market is experiencing significant disruptions, especially in sectors such as retail and logistics where staffing shortages have become prevalent. The rise of gener