Jooble, one of the largest job search sites that is active in 69 countries, recently announced that it has invested $1 million in a seed funding round in EdTech startup JayJay, which develops a digital career school in Indonesia.
According to a report, the investment in JayJay became the first deal of the newly created startup studio Jooble Venture Lab.
The investment from Jooble will help JayJay scale the business and increase sales. The agreement provides for Jooble’s minority participation in the capital of the startup. Apart from the funding, JayJay will receive support in marketing and technology, in particular in the direction of Data Science.
Launched in May 2021 by Vitaly Siomka, JayJay is an online school for digital, creative and technical careers with placement assistance. It specializes in additional education for adults, both in professional and recreational/hobby formats. The company’s aim is to help people get a digital career. The platform currently offers four online courses: Digital Marketing, UX Writing, Software QA Engineer and Digital Illustration, with plans to launch Full Stack Developer, and Interior Design in the nearest future.
Speaking about the company and its mission, Founder of JayJay, Vitaly Syomka, said:
“In the next 10-15 years, we will see that the “offline services” of providing education will radically change under the pressure of a large gap of inefficiency, thanks to technology and accessibility. Online education will become a fast social elevator for less protected sections of the population. The “digital world” continues to grow exponentially. Everything will be digitized at a frantic pace. Therefore, we predict that the next edtech boom will take place in Asia. Our startup aims to educate 1 million students in the first 3 years.”
Jooble has been operating in the online recruitment market since 2006. In its years of existence, the company has gone from a startup founded by two students to a global employment platform. Everyday, the platform aggregates vacancies with more than 140,000 resources from around the world. The startup’s mission is to help people find work. It is constantly working to ensure that the employment process is as comfortable and fast as possible, for both the applicant and the employer.
Commenting on the investment, Co-founder of Jooble, Roman Prokofiev, said:
“If you look at the job titles in a relatively average company, you will find a large number of specialties that are not taught at universities. These are QA Engineers, SMM Managers, Digital Marketing professions and many others. If you want to work in digital fields, there is nowhere for you to study, despite the fact that these positions are well paid in the labor market. Therefore, we believe that companies like JayJay will make it possible to significantly change the quality of life through training and new work in modern fields. We understand well the trends in employment and know that by 2030 Indonesia, with its pace of development, will become the country with the largest shortage of professions in this field.”
Currently, the firm is ready to invest more than $2 million in new projects and is actively looking for entrepreneurs and startups creating products in the field of job search and professional development.
Jooble is active in the Indonesian market, with more than 1 million monthly users using its product. The product currently has a customer and is already generating revenue. JayJay will launch additional courses and expand the geography of educational services in the near future.