S’pore-Based Career Portal Glints Raises US$22.5M Funding
Southeast Asia’s largest talent platform for career development and recruitment, Glints announced today (April 6) that it has raised US $ 22.5 million in a Oversubscribed Series C led by PERSOL Holdings, listed in Tokyo.
The funding round includes participation from existing investors including Monk’s Hill Ventures, Fresco Capital, Mindworks Ventures, Wavemaker Partners and other investors including Binny Bansal (co-founder of Flipkart) and Xiaoyin Zhang (ex-Goldman Sachs TMT China Head & Partner which public of Tencent, Baidu and Alibaba).
According to the company, this is the largest round of investment in a career platform in the region to date.
With this new funding, he hopes to develop more features and solutions on Glints’ talent ecosystem and evolve his product and engineering teams.
The Glints Talent Ecosystem is the premier full-stack talent platform that supports professionals in their career discovery and development, combining community, professional training and professional functionality.
For employers, Glints provides a technology recruiting solution called TalentHunt that is twice as effective as traditional recruiters. Its clients today include Gojek, Tokopedia, FWD Insurance, Starbucks and Mediacorp.
“With the pandemic accelerating the future of work and causing big changes in the job market, our mission to empower the 120 million professionals in Southeast Asia is more important than ever,” said Oswald Yeo, co -Founder and CEO of Glints.
“The existing solutions are transactional job portals and traditional recruiters provide only part of the solution. We are developing Glints as a comprehensive talent platform to help Southeast Asian professionals in their discovery and career development and to solve the regional talent crisis for employers. “
Despite Covid-19, Glints experienced resilient growth in 2020 with annual revenues more than doubling, continuing the trend of annual revenue growth at triple-digit percentages over the past three years.
The company is also seeing positive contribution margins across all business units, with the Indonesian and Vietnamese markets already profitable. Its other markets include Singapore and Taiwan.
With the rapid adoption of remote working, Glints has also seen an increase in demand for its cross-border talent solution called TalentHub, which doubled its activity last year.
Featured Image Credit: Glints
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