SEA Digest: Sampingan, Zipmex in funding news

Sampingan, an Indonesian workforce platform for on-demand independent workers, has raised $5 million in its Series A round. Meanwhile, Zipmex has closed its latest funding round with a total corpus of $6 million led by Jump Capital.

Indonesia’s Sampingan raises $5 million in Series A 

Sampingan, an Indonesian workforce platform for on-demand independent workers, has raised as much as $5 million in its Series A round, according to an announcement.

The round has been led by Altara Ventures, along with Golden Gate Ventures, Antler, Access Ventures, XA Network and iSeed SEA.

The funding will be allocated to improve products for both workers and businesses, said Sampingan CEO and co-founder ​Wisnu Nugrahadi.

The need for Sampingan’s workforce solution is seeing increased demand amidst the pandemic. According to the Indonesian Central Bureau of Statistics (​Badan Pusat Statistik​), there are 29.12 million people that have been affected by the pandemic due to dismissals and reduction of working hours and wages.

Since its inception in January 2019, Sampingan has forged partnerships with over 850,000 temporary and permanent workers, also known as ​Kawan Sampinga​n. The platform has reportedly become the largest one-stop blue-collar workforce platform for businesses.

Jump Capital backs Zipmex 

Zipmex, a global digital assets exchange, has closed its latest funding round with a total corpus of $6 million that was led by US-based venture capitalist Jump Capital, per an announcement.

Jump Capital invests primarily in data-driven tech companies.

The total amount raised in the current round has reportedly exceeded the initial target of $4 million. In September 2019, Zipmex raised as much as $3 million in its pre-Series A round. Subsequently, it raised $1.9 million in its seed round in January 2019.

Zipmex claims to have seen witnessed transactions worth over $650 million on its platform since its launch in late 2019.

Jump Capital’s investment into Zipmex is routed through its latest $200 million fund. The VC firm has more than 60 portfolio companies that include BitGo, Bitso, Curv, M1 Finance, Personal Capital, and TradingView.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.