April 14, 2021 – Investors are pouring money into recruiting solutions businesses. Singapore-based career platform Glints has secured $22.5 million in Series C funding led by Japanese human resources management firm PERSOL Holdings. The funding round is joined by returning investors Monk’s Hill Ventures, Wavemaker Partners, Fresco Capital, Mindworks Ventures, Wavemaker Partners, and other top investors including Binny Bansal (co-founder of Flipkart) and Xiaoyin Zhang (ex-Goldman Sachs TMT China head and partner who brought Tencent, Baidu and Alibaba public).
The new funding will be used on Glints’ expansion in Singapore, Indonesia, Vietnam, and Taiwan and hiring for its product and engineering teams. Glints said it has more than four million professionals visiting its site every month and serves more than 35,000 employers in Southeast Asia. In addition to job ads, the company said it recently expanded its offerings for workers, such as a “Glints Community,” a career forum with more than 50,000 posts; “Glints Academy,” an online coding boot camp; and “Glints ExpertClass,” offering online professional courses.
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“Like for many start-ups out there, 2020 was a challenging year for Glints,” the company said. “Fortunately, thanks to some market tailwinds for our products and the hard work of the Glints team, by year-end, we managed to scale up to having over 4 million professionals visit Glints’ platform every month in pursuit of career development and have served the talent needs of over 35,000 employers across the region to-date. We also see growth in our annual revenue by more than 100 percent, continuing the trend of annual revenues growing at triple-digit percentages annually for the past three years.”
With the pandemic accelerating the future of work and causing big changes in the labor market, Glints says its mission to empower the 120 million professionals in Southeast Asia is more important than ever. “Existing solutions like transactional job portals and traditional recruiters only provide part of the solution,” the company said. “We are scaling Glints to support Southeast Asian professionals in their career discovery and development and to solve the regional talent crunch for employers.”
Here’s a look at some other recent funding deals secured by these companies from the Hunt Scanlon Media archives:
SeekOut, the AI-powered talent 360 platform, has received $65 million in series B funding led by Tiger Global Management, with participation from existing investors Madrona Venture Group and Mayfield. This capital raise brings SeekOut’s total funding to $73 million. This funding round values SeekOut at close to half a billion dollars. SeekOut’s growth and expansion has been driven by the critical role it plays in empowering talent acquisition teams to recruit hard-to-find and diverse talent. SeekOut has consistently received high scores and strong reviews in analyst and customer assessments.
GoodJob, a platform that aims to use psychology and data science to match workers with jobs, recently raised $3 million to increase marketing and sales efforts in major markets across the U.S. “GoodJob’s solution is ideal for today’s market,” said Stephen D. Johnston, CEO of GoodJob. “Prior to an interview and without introducing bias, employers can quickly assess a candidate’s fit on the front end of the hiring process,” said Mr. Johnston. “This approach allows companies to spend time only on candidates who have a high probability of success, which significantly impacts hiring efficiency, especially as companies move to no-touch hiring practices.”
Turing.com, which describes itself as an automated platform that enables companies to use and manage remote software developers, has assembled $32 million Series B funding. The capitalization round was led by $3.3 billion fund WestBridge Capital. The round includes a number of high-profile investors, including Foundation Capital, which led Turing’s seed round. Altair Capital, Mindset Ventures, Frontier Ventures and Gaingels also participated in the Series B round. Driven by the massive global shift to remote work due to the COVID-19 pandemic, Turing taps into a global pool of developers to help companies hire in markets such as the San Francisco Bay Area and New York, where it has been difficult and expensive to hire and retain software engineers.
The Mom Project, a talent marketplace, closed a $25 million series B funding round, bringing total funding at the Chicago-based company to $36 million. The Mom Project aims to connect women, including mothers, with employment opportunities. Its platform has amassed more than 275,000 users and more than 2,000 companies, including brands like Apple, Nike, Gap and BP. “Together we’ve proven that hiring, retaining and supporting moms and caregivers isn’t just a nice thing to do — it’s great for business,” said Allison Robinson, founder and CEO. “We’re in a unique moment in time where companies are embracing flexible work and prioritizing inclusion, and are excited to rapidly accelerate our efforts to unlock the potential of moms in the workplace. Our latest round of funding will help expand our Enterprise product suite, build out our mom community engagement strategy and engage with more small business customers.”
Mya Systems, a conversational AI platform for hiring teams, announced that it has secured $18.75 million in Series C funding. The funding was led by Notion Capital with participation from earlier investors, Emergence Capital and Foundation Capital as well as Cisco Investments and Workday Ventures. Over the past year, Mya Systems gained tremendous momentum, seeing three times customer subscription growth in 2019 alone. Mya now supports over 460 brands, six of the eight largest recruiting firm, and 29 of the Fortune 100. Customers include industry leaders such as Hays, Adecco, L’Oreal, Deloitte and Anheuser Busch.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media