French startup Jump, an all-in-one platform for freelancers, has snapped €11 million in Series A funding. The investment round was led by the pan-European fund Breega, which recently invested in Griffin, with participation from Index Ventures and RAISE Seed For Good. Other investors that participated in this round are Roosh Ventures, Atletico Ventures, Inovexus, Mozza Angels, and Side Angels. This follows the €4 million funding raised back in 2021.
Funds utilisation
The fresh capital allows Jump to accelerate its development in France and Europe, including the UK. the company will also roll out its innovative model aimed at redefining work for the younger generations seeking freedom. It will provide them with even more support to help them achieve their professional and personal goals.
“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. Choosing freelancing by choice, not by necessity, Jump is by their side to 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.” – Benjamin Deplus, Partner at Breega.
What challenge does it tackle?
With more than 4 million freelancers in France and younger generations dreaming of more than just a traditional career, the world of work is undergoing a profound transformation. Key figures show that 1 in 2 young people from Gen Z do not want a traditional permanent contract. This reflects new needs – flexibility, and mobility while maintaining job security.
Jump, founded in 2021 by Nicolas Fayon, Thibault Coulon, and Maxime Bouchet, aims to transform their careers into true paths to fulfillment.
All-in-one platform for freelancers
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. It offers permanent contracts, social protection, access to loans, health insurance, etc. The disruptive platform also removes the administrative burden and offers all the necessary tools to work freely (payment and billing tools, virtual cards, activity tracking tools, etc.).
By providing freelancers with access to the benefits of salaried employment (social protection, company health insurance, employee savings, financial agility, etc.) and offering access to a base of reliable tools, Jump is the partner freelancers need to overcome administrative, financial, and professional challenges while maintaining a balance between their professional and personal lives. Last year, the company launched a completely free solution, Jump Open, to support young modern workers looking to start a freelance career.
“Today, Jump reconciles the deep aspirations of freedom for younger generations with the essential need for security and personal fulfillment. Since our launch in 2021, we have quickly won the hearts of freelancers, becoming leaders in France. This fundraising will not only allow us to accelerate our growth but also to continue developing our offering to meet the demands of the creators of tomorrow across France and Europe,” said Nicolas Fayon, co-founder and CEO of Jump.
“Wanting to become a freelancer without having to worry about the administrative side, Jump offered me THE ideal solution with quality support from the customer care team, at a price I would no longer call advantageous, but standardised. Indeed, Jump has redefined a standard in accessing freelance independence,” added Lilian Saget-Lethias, CTO & Jump.
