Singapore-based recruitment marketplace Glints saw its revenue more than quadruple last year, while its losses expanded to $3.9 million from $1 million in 2019.

The HRTech completed a $22.5 million Series C funding round in April led by Tokyo-listed human resources management firm Persol Holdings. The new capital has been used on Glints’ expansion in Singapore, Indonesia, Vietnam and Taiwan, as well as hiring for its product and engineering teams.

Glints co-founder and chief executive officer Oswald Yeo said that the latest investment was the largest funding round for a talent company in Southeast Asia and brings the startup’s total raised to $33 million. Other participants included returning investors Monk’s Hill Ventures, Fresco Capital, Mindworks Ventures, Wavemaker Partners, Flipkart co-founder Binny Bansal and former Goldman Sachs TMT China head and partner Xiaoyin Zhang.

The success of Glints has been attributed to its focus on helping graduates at the start of their careers. A one-of-a-kind interactive feature gives young graduates an avenue to discover new opportunities. The recruitment classified also develops candidates through their training arm, Glints Academy.

One of the ways Glints differentiates itself from other job classifieds active in its markets, like LinkedIn, JobStreet and CakeResume, is by building a “full-stack” of services for people who want to advance their careers.

Founded in 2013, Glints says it has been used by more than 1.5 million professionals and 30,000 organizations, including Gojek, Tokopedia, Starbucks and Mediacorp. Most of its current users are from the tech and financial services sectors, but the job marketplace has a “broad horizontal focus on young to mid-level professionals,” Yeo concluded.

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