In a significant move poised to reshape the freelance landscape, French HRtech startup Jump has successfully raised €11 million in Series A funding. This infusion of capital will enable Jump to enhance its offerings and extend its services across Europe, catering to the burgeoning freelance market.
With over 4 million freelancers in France alone, the demand for flexible yet secure work arrangements is on the rise. Recent studies indicate that nearly half of Generation Z prefers not to pursue traditional permanent contracts, signaling a shift towards a new era of work defined by autonomy and adaptability. Jump stands at the forefront of this evolution, providing freelancers with essential social protections—including company health insurance and employee savings plans—that mirror the benefits typically reserved for salaried employees.
Nicolas Fayon, co-founder and CEO of Jump, remarked, “Today, Jump reconciles younger generations’ deep aspirations for freedom with their essential need for security and personal fulfillment. Since our launch in 2021, we have quickly won the hearts of freelancers, becoming leaders in France. This fundraising will not only allow us to accelerate our growth but also to continue developing our offering to meet the demands of the creators of tomorrow across France and Europe.”
Led by Breega, the funding round also saw participation from notable investors including Index Ventures, RAISE Seed For Good, Roosh Ventures, Atletico Ventures, Inovexus, Mozza Angels, and Side Angels. This backing underscores a growing recognition of the need for innovative solutions that address the complexities of freelancing.
Benjamin Deplus, Partner at Breega, stated, “Jump is the answer to societal changes and aspirations related to our relationship with work. Independence no longer means administrative burdens and less social protection. With a strong triptych of Product, Legal Innovation, and Human, Nicolas and his team are reshuffling the industry and creating a new category of freelancers. Choosing freelancing by choice, not by necessity, Jump is by their side to embrace this new chapter in their careers with simplicity and peace of mind.”
Editorial Opinion
Jump’s innovative approach to addressing the needs of freelancers places it in a unique position to lead a transformative shift within the gig economy. By providing social protection and simplifying administrative processes, Jump is not only empowering freelancers but also enhancing the appeal of freelance work itself. This aligns perfectly with the desires of younger generations who seek flexibility without sacrificing security.
As the world of work continues to evolve, Jump’s vision resonates with a broader movement towards more inclusive and supportive structures for independent workers. Their emphasis on blending independence with essential benefits indicates a forward-thinking strategy that could set new industry standards. If successful, Jump could catalyze a significant change in how freelancing is perceived and supported across Europe, paving the way for a more secure and fulfilling freelance future.
With the backing of influential investors and a clear commitment to innovation, Jump is poised for remarkable growth. The future looks bright for this pioneering company as it seeks to redefine the relationship between freelancers and the traditional employment framework.
For more insights on the evolution of work and the role of technology in shaping it, stay tuned.
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