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Rabat – Casablanca-based temporary staffing startup Jodop today announced locking $1 million in seed funding (first stage investment) from Azur Innovation Fund, a Moroccan innovation-focused fund.
Jobop raised the funds from Azur Innovation Fund through the Plug and Play program, a Silicon Valley-based initiative aiming to stimulate the growth of the global startup ecosystem by connecting startups to venture capitalists and investors.
The funding round closed last April, according to converging news reports.
Launched in 2021, Jobop’s founding mission is to link businesses with blue-collar workers for short-term employment contracts using its own algorithm.
Jodop’s client pool includes companies from the hospitality, construction, logistics, and manufacturing sectors.
The startup’s quarterly growth rate is set at 80%, according to data reported on news platform Wamada.
With the new funds, the startup will work to enhance the efficiency of its marching algorithm. In addition, the startup will use the investment to extend its market footprint to other countries, according to news reports.
Founded by Adil Zghaoui and Salim El Merrassi, the company is said to be eyeing Egypt next at the end of 2022.
Commenting on the company, the founders said in a statement that they have “seen a phenomenal market response” since their launch in 2021. “The economic uncertainty surrounding Covid has forced a lot of companies to turn to temporary workers,” they highlighted. They added that “Jobop has been simplifying and accelerating their experience of finding qualified and vetted workers.”
Azur Innovation Fund’s General Partner Adnane Filali said that his fund is “thrilled to invest in Jobop and support them in their ambition of becoming the leading temp staffing company in Africa.”
“Not only are they building a robust business but will also be having an important social impact by providing jobs to thousands of Africans,” he added.
Read Also: Moroccan Startups Raise $2 Million in Funding in May
