End-to-end staffing platform Workmate (formerly known as Helpster) has raised as much as $5.2 million in a Series A funding round led by Atlas Ventures, according to an announcement.
Co-founded by Mathew Ward and John Srivorakul, Workmate is an on-demand staffing platform that helps businesses with hiring needs.
The current investment brings Workmate’s total funding to $10 million since its launch in January 2016.
The funding will be used by the company to ramp up investment in sales, grow the technology team, and expand to new cities.
Workmate, headquartered in Singapore, has offices in Bangkok, Jakarta and Bali. Going forward, it has plans to expand its operations further in 2020.
The company claims that it arranged for over 1,000 workers for the Asian Games held in Jakarta and Palembang. Its customers include aCommerce, Flash Express, JD Central, Taco Bell, Lazada and Chilindo in Thailand, while in Indonesia it supports Ismaya Group, Grab, NinjaVan, Kopi Kenangan, and STOQO.
Atlas Ventures is an early-stage venture fund based in Singapore. It invests in Southeast Asian startups in nascent, but fast-growing sectors.
“We believe there is latent demand for a better staffing solution in the blue collar space…..We are very excited to support the team in their journey to help millions of workers in Southeast Asia gain economic freedom by providing them with access to jobs with better pay and maximum flexibility,” said Maxim Shkvaruk, director at Atlas Ventures.
Founded in 2017, Beacon VC is a wholly-owned corporate venture capital fund of Kasikornbank PLC. Beacon VC focuses on strategic investments in early to growth-stage technology startups covering not only financial technology (fintech) but also consumer internet and enterprise technology.
Currently, Beacon VC has a fund size of $135 million and has invested in several technology startups such as FlowAccount, Eventpop, Jitta, Grab, InstaReM and Aspire.