Jump, a French workforce startup, recently announced that it has raised $12.23 million (€11 million) in Series A funding. The round was led by the pan-European fund Breega, with participation from Index Ventures, Roosh Ventures, and RAISE Seed For Good.
Founded in 2021 by Nicolas Fayon, Thibault Coulon, and Maxime Bouchet, Jump aims to redefine work by offering freelancers the benefits of salaried employment. The platform helps freelancers manage administrative, financial, and professional challenges while balancing work and personal life. It provides permanent contracts, social protection, loans, health insurance, and tools to streamline freelance work. It recently launched Jump Open, a free solution for aspiring freelancers. The company supports nearly 2,000 freelancers and has an annualised business volume of €150 million.
Commenting on the funding, Co-founder and CEO of Jump, Nicolas Fayon, said:
Today, Jump reconciles younger generations’ deep aspirations for freedom with their essential need for security and personal fulfilment. Since our launch in 2021, we have quickly won the hearts of freelancers, becoming leaders in France. This fundraising will allow us to accelerate our growth and continue developing our offering to meet the demands of the creators of tomorrow across France and Europe.
Currently, Gen Y and Z are worried about their financial stability. Freelancing motivates them due to the expected increase in their income. At the same time, for 25% of them, this career option allows them to develop skills and thrive in a career full of freedom that would not have been possible in a full-time job. To help them achieve their goals while maintaining job security, Jump has conceived and designed an all-in-one platform to reduce the risks associated with entrepreneurship while providing complete protection.
Benjamin Deplus, Partner at Breega, added:
Jump is the answer to societal changes and aspirations related to our relationship with work. Independence no longer means administrative burdens and less social protection. With a strong triptych of Product, Legal Innovation, and Human, Nicolas and his team are reshuffling the industry and creating a new category of freelancers. Jump is by their side to choose freelancing by choice, not by necessity, And embrace this new chapter in their careers with simplicity and peace of mind. A vision and values that resonate with Breega; we feel privileged to support Jump in this next phase.
With this investment round, Jump plans to accelerate growth in France, Europe, and the UK, enhance brand awareness among Gen Y and Z, and provide comprehensive and caring support to freelancers. It also aims to double its workforce by 2025.
