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 Sampingan. 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.