Traxlo Raises €1.6M to Build the Labor Infrastructure for the AI Era
- austejalazaraviciu9
- Jun 19
- 3 min read
Traxlo, a fast-growing platform transforming physical labor into verifiable tasks, has raised €1.6M from venture capital fund Coinvest Capital, Bad Ideas Fund, Plug and Play, NGL, DEPO Ventures and participation of existing investors Iron Wolf Capital, Antler, and others. The startup will use the funds to expand its pay-per-task labor infrastructure across Europe, with launches underway in the Czech Republic and Romania.
As generative AI displaces millions of low-skilled white-collar roles, Traxlo is capturing the next trillion-euro shift: redefining how physical work is sourced, priced, verified, and scaled. Rather than selling shift hours or temp jobs, Traxlo offers a new model: outcome-priced tasks, distributed locally via its worker app (tasku.app) and soon to be orchestrated by its AI engine (tasku.ai), which will automate task creation and completion checks using LLM agents and computer vision.
“Traxlo not only addresses labor shortages in retail and logistics, but also drives a systemic-level shift in how short-term work is done,” said Viktorija Trimbel, Managing Director of Coinvest Capital. “It’s rare to see a product with such a solid foundation that is already delivering real value to all platform participants – from companies finding short-term workers to people finding jobs that fit their schedules – and showing strong potential for growth.”
In just three years, Traxlo started collaborations with 60% of the largest commerce players in Europe, including names like REWE Group, Zabka and others. Its marketplace has already delivered over 300,000 physical tasks, ranging from shelf replenishment and product scanning to warehouse unloading and e-grocery picking. Each task is standardized, teachable in a dozen minutes, and executable by local workers or soon - robots.
“We’re not another gig or shift labor app. We’re building the labor infrastructure for the age of AI,” said Paul Vezelis, co-founder and CEO of Traxlo. “If AI is automating knowledge work, Traxlo is standardizing and distributing physical work at the same scale.”
The company’s model unlocks instant local labor in cities with staffing shortages with its maximum flexibility. Workers complete tasks on their terms and get paid weekly. Businesses buy guaranteed outcomes, not hourly presence. For local communities it is revolutionizing the way people can earn predictable income while providing value to businesses.
With this round, Traxlo is doubling down on its strategy, expanding geo coverage and scaling. Future product layers include agentic AI features, doubling down on automation, and connecting real robot workers into the same marketplace of tasks.
Think AWS like infrastructure, but for real-world work, globally.
About Coinvest Capital
Coinvest Capital is an early-stage venture capital fund established by the national development bank ILTE. The fund invests EU and Republic of Lithuania public funds entrusted to it, alongside contributions from private investors, in promising start-ups that create value for Lithuania. Since the beginning of its operations, the Fund, together with its partners, has invested in 46 startups and successfully exited 6 investments. The total venture capital deployed alongside private partners amounts to €51.0 million, of which €22.2 million was contributed by Coinvest Capital. Under the profit-sharing model, private co-investors have contributed €12.1 million, while an additional €16.6 million has been invested under the pari-passu model.
The Fund offers a globally unique profit-sharing program, capping its annual return on investments at 4 to 8 percent. In the event of a successful exit, any return exceeding this cap is allocated to accredited private co-investors. Out of the €44.3 million in committed capital entrusted to the Fund, €15.8 million remains available for new investments following this transaction.
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