Jitjatjo, the gig marketplace offering on-demand workers to businesses with as little as an hour’s notice, has successfully secured $30 million in a Series B funding round led by Morningside Technology Ventures. This funding brings Jitjatjo’s total raised capital to approximately $65 million. The additional funds will be utilized to expand the platform into new markets and support its go-to-market strategy, according to Tim Chatfield, Jitjatjo’s co-founder and CEO.
Founded in 2015 by Chatfield and co-founders, Jitjatjo allows businesses in various sectors, including healthcare, hospitality, education, retail, and facilities management, to book workers swiftly for temporary job openings. The platform, catering to the contingent labor strategy, enables organizations to manage shift-based workforces efficiently.
Jitjatjo’s gig marketplace, competing with traditional staffing agencies and other tech-driven staffing platforms, utilizes artificial intelligence to optimize workforce efficiency, streamline operations, and allocate internal resources effectively. The platform engages over 40,000 gig workers and serves thousands of customers across three continents, including Australia.
The gig economy has witnessed significant growth, particularly during the pandemic, and Jitjatjo’s model provides an innovative solution for businesses seeking flexible staffing options. While gig workers can benefit from instant payments and flexibility, Jitjatjo offers additional features such as W-2 employee classification, a benefits package named Better, and partnerships with over 100 platforms through its API.
Jitjatjo aims to utilize the latest funding to expand its presence globally, emphasizing its commitment to transforming how businesses manage temporary staff efficiently through technology.