Singapore-primarily based profession progress platform Glints recruits $50M in new funding – TechCrunch
Glints, one in all Southeast Asia’s largest expertise progress and recruitment platforms, introduced right now it has raised $50 million in an oversubscribed sequence D. The spherical was co-led by DCM Ventures, Lavender Hill Capital and returning investor PERSOL Holdings. This brings Glints’ complete raised up to now to $eighty million.
As an ingredient of the funding, Lavender Hill Capital founding confederate Xiaoyin Zhang and DCM Ventures regular confederate Ramon Zeng, will be a part of Glints’ board.
Glints’ platform at present has three million professionals in 5 markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan), and 50,000 firms which is at risk of be looking for workers, collectively with AIA, IKEA, GetGo, KKday and Gameloft.
the mannequin new capital is at risk of be used to broaden Glints’ expertise current base inside the Philippines and employer demand globally and hiring for its product and tech teams.
Founder and CEO Oswald Yeo advised TechCrunch the agency is specializing in the Philippines as a consequence of “its massive and quick-rising worldwide workforce. furthermore, we’re seeing native employers eager on hiring each tech expertise regionally and likewise distant hiring as properly.
based in 2013, the Singapore-primarily based startup says its annual income and gross earnings grew 2.5x yr-over-yr, persevering with its progress of annual income rising at a triple-digit share.
One progress driver is enhance demand for distant workers. Glints says distant cross-border job postings grew elevated than 3x yr-over-yr, and that it sees optimistic contribution margins throughout all enterprise gadgets, with Indonesia and Vietnam persevering with to be worthwhile. This continues a progress from earlier inside the pandemic: over the previous two years, Glints’ distant cross-border job posts have grown elevated than 11x.