Jitjatjo closes new $11M funding round led by Morningside Technology
Date: 2019-03-23   Author: Pankaj Singh  Category: #news

Jitjatjo closes new $11M funding round led by Morningside Technology

Reports confirm that Morningside Technology Ventures, a Hong Kong investment firm, has led a $11 million Series A funding round for Jitjatjo, which is a mobile staffing marketplace for hospitality industry in New York. 

Reportedly, the company leverages artificial intelligence that precisely and instantly matches hospitality operators with industry professionals who are carefully vetted. Further report states that Morningside Technology Advisory’s Mick Sawka will join Jitjatjo’s board of directors.

Apparently, Jitjatjo has been growing at a rapid pace since its launch in 2016, with its prime focus on hospitality sector in New York city. In addition to this, in the company’s initial launch market, revenue has increased over 250% each year where, it has helped in managing tens of thousands of shift assignments to a talent pool of thousands.

Sources familiar with the matter said that the new funding will completely support Jitjatjo’s various core strategic objectives all through the year which includes continued growth of the company’s staffing networks in Chicago and New York.

It will also fund prime initiatives in advancing Jitjatjo’s Machine Learning capabilities, geographic expansion to other cities in the United States, and the establishment of an experiential headquarters in New York.

Jitjatjo Co-Founder and Executive Chairman Ron McCulloch quoted that the firm’s key objective is to deliver outstanding service that benefits both its clients and talent. For the business, the main focus is to support its technology capabilities through the augmentation of its engineering leaderships, teams and products.

Jitjatjo is seemingly placed to considerably increase their change agents across talent acquisition, sales, community management, and client success.

Sources added that Jitjatjo team has implemented a clearly defined vision that addresses various loopholes in the $3 trillion-dollar contingent labour industry. Mr. Sawka also mentioned that Morningside will collaborate with Jitjatjo’s change agents to spread their operations in present and future markets as well as for meeting their strong partner demand.



About Author


Pankaj Singh

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

More from Pankaj


Post Recommendents

Linear Low Density Polyethylene Market Growth Analysis and trends forecast
Author: Rahul Sankrityayan

The global Linear Low Density Polyethylene Market was valued at USD 37 billion in 2015 and is projected to touch USD 60 Billion by 2024, developing at a CAGR of 6% from 2019 to 2024.

Medical Polymers Market Growth, Trends and Forecast to 2024
Author: Rahul Sankrityayan

The global Medical Polymers Market was valued at USD 24 billion in 2018 and is projected to touch USD 24 billion by 2024, developing at a CAGR of 9% from 2016 to 2024.

The report ...


Animal Feed Additives Market 2020 Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2026
Author: Rahul Sankrityayan

The global Animal Feed Additives market was valued at USD 1.4 Billion in 2018 and is predicted to reach USD 3.5 Billion by 2025, growing at a CAGR of 13% from 2019 to 2025.

Decresearch has recently published a study titled ‘Global ...