Persol Holding, a Japanese staffing company, led a $22.5 million U.S. series C funding round for Glints, Southeast Asia’s largest talent platform for career development and recruitment.
Persol Holding runs Doda.jp, one of the largest recruitment marketplaces in Japan. The recent funding round was a collaboration between Monk’s Hill Ventures, Fresco Capital, Mindworks Ventures, Wavemaker Partners and other investors, including Flipkart co-founder Binny Bansal and former Goldman Sachs executive Xiaoyin Zhang.
This was the largest investment in a career platform in Southeast Asia to date. Glints plans to use the funding to assist the career development of 120 million professionals in Southeast Asia and overcoming the region’s talent crunch. The company will use the funds to grow its Glints Talent Ecosystem, develop the company’s network in Singapore, Indonesia, Vietnam and Taiwan, and strengthen the product and engineering teams. Thanks to the surge in remote hiring, Glints claims it was able to more than double its annual revenue in 2020 to $6.4 million U.S.
Oswald Yeo, the co-founder and CEO of Glints, said that as the pandemic accelerates changes in the future of work and the labor market, Glints’ mission to help professionals in Southeast Asia is more crucial than ever.
The full-stack job search platform, first in its category, supports professionals on their journey of searching and developing careers, connecting professionals in community forums (Glints Community), skills education (Glints Academy and Glints ExpertClass), and job search features (Glints Job Marketplace).
“We are developing the Glints platform with a comprehensive approach to helping not only the job search and career development process for Southeast Asian professionals, but also solve the talent crunch problem for employers,” said Yeo.