Paris-based Jump, a workforce startup, announced that it has raised €11M in a Series A round of funding. The pan-European fund Breega led the round, with participation from Index Ventures, Roosh Ventures and RAISE Seed For Good.
Following an initial €4M funding round in 2021, this new capital will help Jump expand in France and Europe, targeting Gen Y and Z workers pursuing freelancing. The company aims to redefine work by offering young professionals more freedom and career support.
Benjamin Deplus, Partner at Breega, says, “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. A vision and values that resonate with Breega; we feel privileged to support Jump in this next phase.”
Taking the hassle out of being a freelancer
According to a statement from Jump, France’s workforce is shifting, with over 4 million freelancers and half of Gen Z rejecting traditional permanent contracts favouring flexibility and mobility.
Jump, founded in 2021 by Nicolas Fayon, Thibault Coulon, and Maxime Bouchet, aims to redefine work by offering freelancers the benefits of salaried employment.
The platform helps freelancers manage administrative, financial, and professional challenges while balancing work and personal life. It offers permanent contracts, social protection, loans, health insurance, and tools to streamline freelance work.
Recently, Jump launched Jump Open, a free solution for aspiring freelancers.
Currently, the company supports nearly 2,000 freelancers and has an annualised business volume of €150M.
Funds to expand in France and Europe
Jump will use the capital to accelerate growth in France, Europe, and the UK, enhance brand awareness among Gen Y and Z, and provide comprehensive support to freelancers. The startup also aims to double its workforce by 2025.
Co-founder Nicolas Fayon, says, “Today, Jump reconciles the deep aspirations of freedom for younger generations with the 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.”
Brief about the investors supporting Jump
Breega supports visionary entrepreneurs from idea inception to societal impact. Since raising its first fund in 2015, the firm has grown to manage $700M in assets, with a portfolio of over 100 startups. The firm invests in tech, deeptech, and digital startups at pre-seed to Series A+ stages across Europe and Africa.
Index Ventures is an international venture capital firm focused on supporting “exceptional entrepreneurs” in transforming bold ideas into global companies. It provides support and a vast international network built over thirty years.
Founded in 2013 by Clara Gaymard and Gonzague de Blignières, RAISE is a VC firm that manages €2B in assets and claims to be a pioneer in engaged finance. RAISE Ventures, focused on innovative European startups, includes RAISE Seed for Good, a seed and pre-seed fund with €115M in assets dedicated to supporting responsible tech leaders. RAISE Ventures invests between €0.5M and €5M.
01
How Gen Z affects B2B social media