Ukrainian Roosh Ventures has invested within the French freelance platform Soar. This was introduced by tech entrepreneur and co-founder of the Roosh funding fund, Serhiy Tokarev, on his LinkedIn web page: “Thrilled to announce that Roosh Ventures is backing Soar, a platform that’s altering the sport for freelancers.”
Soar is a common platform aiming to make freelancing easier and extra versatile. It supplies freelancers with alternatives and ensures which can be often out there solely to workers: social safety, company medical health insurance, and financial savings packages.
The platform permits for simple and environment friendly administration of accounting and payroll. Contracts with Soar guarantee earnings stability, social ensures, entry to credit score, medical insurance coverage providers, and advantages. Moreover, the startup supplies entry to instruments for day by day work: digital playing cards, invoicing methods, and exercise monitoring.
“Soar handles all of the powerful stuff — payroll, accounting, advantages — so freelancers can concentrate on what they do greatest. It’s an entire answer, and that’s why we’re excited to be a part of their journey. With Breega, Index Ventures, Increase Ventures and Roosh Ventures on board, Soar is about to scale past France and assist freelancers worldwide. Large issues forward, and we couldn’t be extra excited to assist them!” — stated Serhiy Tokarev.
The quantity of Roosh’s funding will not be disclosed, however general, the startup managed to lift €11 million in a Collection A spherical.
By the tip of the yr, Soar plans to double its workforce dimension to popularize the platform amongst millennials and Gen Z. The funds raised shall be used to increase its presence in France, the UK, and Europe typically.
The French firm Soar was based in 2021 by Nicolas Fayon, Thibault Coulon, and Maxime Bouchet. In its first yr, the startup raised €4 million in investments. As we speak, almost 2,000 freelancers use the platform, and its annual turnover is €150 million.
To recap, Roosh Ventures is a brand new sort of funding group that invests in promising tech startups from Pre-seed to Collection A levels. Roosh reinvests earnings from profitable offers relatively than forming conventional funds with a multi-year lifespan. The fund has workplaces in Kyiv, Paris, and London.
Roosh invests, co-builds and scales corporations with a concentrate on profitability in AI/ML, Gaming, Fintech, Shopper & Leisure Apps, Advertising & AdTech and accelerates progress and will increase profitability of companies by means of robust experience in constructing expertise companies, guaranteeing cost-effective growth and value optimization, strategic steerage and operational assist for founders and groups.
Roosh Ventures has already invested in over 40 startups, together with Deel, TheGuarantors, Oura, Pipe, Alma, Playco, Dapper Labs, Alter. Co-investors embrace funds like a16z, Sequoia Capital, Greylock, NEA, Perception Companions, Tencent.