Funding

[Funding alert] Dutch Startup Bubty Raises €1.75 Million in Seed Funding

Dec 22, 2023 | By Startup Rise EU

Dutch Startup Bubty raises €1.75 million in seed funding. Existing shareholders and a well-known American industry participant have contributed the investment, underscoring their same outlooks for the labour market in the future.

Dutch Startup Bubty raises €1.75 million in seed funding. Existing shareholders and a well-known American industry participant have contributed the investment, underscoring their same outlooks for the labour market in the future.

With the funds, Bubty hopes to expand its operations in the US by hiring seasoned marketers and sales representatives and strengthening its technological capabilities. To grow its global operations, Bubty plans to conduct a Series A financing round in the near future.

Read also - Paris-based Kosmik Raises €3.7 Million in Seed Funding

Bubty's cutting-edge platform, that generates its own pre-vetted talent pools, is intended to transform how businesses and agencies hire and manage freelancers in a time when the need for independent contractors is increasing. With the funds raised, Bubty is now recognised as a significant force in the effort to change the freelance labour market.

RECOMMENDED FOR YOU

recomd
UK
[Funding alert] Lithuania-based Green Energy Company Green Genius Secures €6.9M in Funding
Startup Rise EU
Nov 1, 2023
recomd
Funding
[Funding alert] Vilnius-based Employee Welfare Platform MELP Secures €635k in Funding
Startup Rise EU
Jan 3, 2024
recomd
Funding
[Funding alert] Paris-based Zama Secures $73 Million in Series A Round Funding
Startup Rise EU
Mar 7, 2024

With the help of AI-driven technology, businesses are able to develop their own internal, private talent pools instead of relying on conventional third-party marketplaces thanks to Bubty's technology. Consequently, allowing them to handle every aspect of managing independent contractors, from hiring to payment.

Read also - Rotterdam-based SolarDuck Secures €15 Million in Funding

Co-founder Benjamin Schriel said, “Our AI-driven matching ensures that the right freelancer can quickly be found, which is essential in a market that increasingly requires flexibility,”.

Co-founder Lee Willoughby said, “There’s an ongoing trend towards decentralization in the labor market, Almost half of the global workforce consists of freelancers (47%), leading to a growing demand for efficient freelance management. Our technology to create private freelancer talent pools offers a fitting solution.”

About Bubty

Bubty was established in 2019, yet its core idea is still relevant. The platform has had tremendous success in the US and the UK, where hiring freelancers is already far more popular than in other nations where legal precision is highly valued. The effectiveness of the solution can be seen by the 240% increase in recurring income.

Read also - Copenhagen-based Podimo Secures €44 Million in Funding

Recommended Stories for You

story
Belgium

[Funding alert] Brussels-based SaaS B2B European Fund welovefounders Launches €35M Funding

Startup Rise EU Oct 20, 2023

story
Funding

DataHow funding news – Switzerland-based DataHow Secures an Undisclosed Amount Series A Round Funding

Startup Rise EU May 31, 2024

story
Funding

iwoca funding news – UK-based iwoca Secures £150 Million in Debt Funding

Startup Rise EU May 7, 2024

story
Funding

Doconomy funding news – Fintech Startup Doconomy Secures €34 Million in Series B Round Funding

Startup Rise EU May 30, 2024

story
Denmark

[Funding alert] Copenhagen-based Fintech Startup Performativ Secures €5.5 million in Seed Funding

Startup Rise EU Nov 9, 2023

story
Funding

[Funding alert] Barcelona-based Sportstech Startup Lapso Studios Secures €1.5 million in Funding

Startup Rise EU Oct 31, 2023