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Europe – In tech: Coople receives $32 million in funding, expands into the Netherlands

25 October 2019

Coople, a European flexible jobs platform, announced that it received additional funding of USD 32 million in Series C funding.

The proceeds from the funding round will be used to continue investing in the automation of Coople's online platform, to further expand within existing markets, and to launch Coople's business in the Netherlands and one other international market.

The funding came from a group of investors led by One Peak Partners and the Growth Equity Business within the Goldman Sachs Merchant Banking Division.

In total, Coople has raised USD 76 million in funding to date, making it one of the world's best funded companies within the flexible job market.

Earlier this month, Coople announced the appointment of Thijs Dirkzwager, the new Managing Director for the Netherlands, to launch in the Dutch market.  In its existing markets, Coople plans to continue its growth path in the UK and in Switzerland. 

Rinaldo Olivari, CEO of Coople, commented, “We look forward to continuing on our path of revolutionising the world of work. We will use the proceeds from this funding round to further improve the automation and user experience of our product, expand our geographic reach, and strengthen our core team with additional talent."

The company's platform uses an algorithm that instantly matches its flexible workforce with the demand from companies. Amongst other factors, the algorithm takes into consideration a worker's location, availability, experience and ratings and matches these with the requirements of the hiring company.

The Coople platform provides end-to-end automation of the HR process; from planning, recruiting, on-boarding and hiring to workforce management, payroll and payments. This allows companies to significantly reduce the time and costs associated with HR administration.

Coople has over 400,000 registered flexible employees and over 20,000 registered companies on its platform.