SG staffing platform Workmate raises $5.2m in Series A

A man working on a laptop. Photo: Pixabay

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.

The round also saw the participation of Gobi Partners and Beacon Venture Capital (Beacon VC) and its existing investors.

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.

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.