According to JupViec Founder and CEO Phan Hong Minh, the investment will help the company to expand the model to new provinces in Vietnam. “We will also introduce certain other utilities to help our customers optimize their time and make their life more convenient,” he said.
The company has previously raised an investment round from Japanese VC firm CyberAgent Ventures in 2015.
Started in 2012, JupViec.vn is a mobile app that aims to change the traditional domestic workers industry in Vietnam by connecting domestic workers with customers online. Traditionally, each family used to pay a large amount of money towards salaries and bonuses, in addition to providing accommodation, clothing and travel allowance, to domestic help.
With JupViec, customers can search and select trained domestic workers according to their requirements on an hourly basis.
JupViec claims a large number of families have befitted from the platform and helped many working women to find part-time jobs and earn additional income in their free time.
JupViec.vn is currently serving customers in Hanoi and Ho Chi Minh City, and claims to create over two million of working hours each year for more than 3,000 workers.
Do Hong Yen, representative of Patamar Investment Fund in Vietnam, said: “As a social impact investor making investment decisions from a gender-based perspective, Patamar Capital believes that JupViec’s development will improve life quality for women who work as domestic helpers, and at the same time, help change society’s view of an occupation which is very necessary but is often underestimated.”
Patamar Capital (previously Unitus Impact) is an an active impact venture fund with significant operations in Southeast Asia. It makes investment in Series A companies, bringing economic opportunities to low-income earners in South Asia and Southeast Asia. Patamar Capital Fund has invested in a number of famous startups in Vietnam, such as TOPICA and iCare Benefits (or Mobivi).