<article>Hong Kong investment firm Morningside Technology Ventures, a sub-organisation of Morningside Group, has led an $11 million Series A funding for Jitjatjo, a New York-based mobile staffing marketplace.
As part of the deal, Mick Sawka from Morningside Technology Advisory will join Jitjatjo’s board of directors, the American startup said in a statement.</article>

Hong Kong investment firm Morningside Technology Ventures, a sub-organisation of Morningside Group, has led an $11 million Series A funding for Jitjatjo, a New York-based mobile staffing marketplace.
As part of the deal, Mick Sawka from Morningside Technology Advisory will join Jitjatjo’s board of directors, the American startup said in a statement.
Launched in 2016, Jijatjo had earlier raised pre-seed and seed rounds totalling $6.9 million.
The company leverages AI to build a two-sided marketplace that allows businesses in the service and hospitality sector to book workers from one hour’s notice to several months in advance.
Jitjatjo has been focusing on the New York market and has launched in Chicago four months ago. It said revenue has increased more than 250 per cent year-over-year in New York, where it has helped fulfil tens of thousands of shift assignments to a talent pool of several thousand. The same growth is projected for Chicago.
The new financing will support Jitjatjo in continuing the growth in the current two markets, expanding to other cities in the US, advancing its machine learning capabilities to support the launch of the company’s enterprise technology offering, and establishing an experiential headquarters in New York.
In this phase, Jitjatjo said it focused on increasing the number of change agents (corporate employees) across sales, client success, talent acquisition and community management.
“In a very short time the Jitjatjo team has executed a clearly defined vision to address several inefficiencies in the $3 trillion dollar contingent labor industry,” said Mick Sawka of Morningside.
Tim Chatfield, Jitjatjo co-founder and CEO, said his firm has amassed a significant amount of data across the entire workflow.
Morningside Group was founded in 1986 to make both private equity and venture capital investments. Its venture capital activity is focused on clean tech, edtech, life science and TMT.
The group also has the <a href="https://www.dealstreetasia.com/?s=Morningside%20Venture%20Capital">Morningside Venture Capital</a> subsidiary, one of China’s earliest early-stage tech investors.
According to Crunchbase, the firm had around $1.7 billion in assets under management. Its portfolio companies that have been listed include Sohu, Ctrip, the 9, China Distance Education, Phoenix New Media, YY and Xiaomi.
In October last year, Morningside Venture Capital was said to raise a $1 billion USD-denominated fund, after it raised a combined $593 million for two separate vehicles – Evolution Fund I and Evolution Special Opportunity Fund I.
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<a href="https://www.dealstreetasia.com/stories/morningside-usd-fund-108766/">China’s Morningside Venture Capital raises $1b USD-denominated fund</a>

Morningside leads $11m Series A funding for staff marketplace Jitjatjo

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Morningside leads $11m Series A funding for staff marketplace Jitjatjo

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