Glints, one among Southeast Asia’s largest expertise growth and recruitment platforms, introduced immediately it has raised $50 million in an oversubscribed Collection D. The spherical was co-led by DCM Ventures, Lavender Hill Capital and returning investor PERSOL Holdings. This brings Glints’ whole raised to this point to $80 million.
As a part of the funding, Lavender Hill Capital founding associate Xiaoyin Zhang and DCM Ventures common associate Ramon Zeng will be a part of Glints’ board.
Glints’ staff. Picture Credit: Glints
Glints’ platform at present has three million professionals in 5 markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan), and 50,000 corporations which can be searching for staff, together with AIA, IKEA, GetGo, KKday and Gameloft.
The brand new capital will probably be used to increase Glints’ expertise provide base within the Philippines and employer demand globally, in addition to hiring for its product and tech groups.
Founder and CEO Oswald Yeo instructed TechCrunch the corporate is specializing in the Philippines due to “its giant and fast-growing worldwide workforce. Moreover, we’re seeing native employers concerned with hiring each tech expertise regionally and likewise distant hiring as nicely.”
Based in 2013, the Singapore-based startup says its annual income and gross income grew 2.5x year-over-year, persevering with its pattern of annual income rising at a triple-digit share.
One development driver is elevated demand for distant staff. Glints says distant cross-border job postings grew greater than 3x year-over-year, and that it sees optimistic contribution margins throughout all enterprise models, with Indonesia and Vietnam persevering with to be worthwhile. This continues a pattern from earlier within the pandemic: over the previous two years, Glints’ distant cross-border job posts have grown greater than 11x.
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