BEAUTY IN THE FRIDGE

S’pore-Based Career Portal Glints Raises US$22.5M Funding Following Strong Growth In 2020

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Southeast Asia’s largest talent platform for career development and recruitment Glints announced today (April 6) that it has raised US$22.5 million in an oversubscribed series C round led by Tokyo-listed PERSOL Holdings.

The funding round includes participation from existing investors including Monk’s Hill Ventures, Fresco Capital, Mindworks Ventures, Wavemaker Partners, and other investors including Binny Bansal (co-founder of Flipkart), and Xiaoyin Zhang (ex-Goldman Sachs TMT China Head & Partner who brought Tencent, Baidu, and Alibaba public).

According to the company, this marks the largest investment round into a career platform in the region to date.

With the new funding, it hopes to build more features and solutions on Glints’ Talent Ecosystem, and scale its product and engineering teams.

Glints’ Talent Ecosystem is the first-of-its-kind full-stack talent platform that supports professionals in their entire career discovery and development, combining community, skills education and job features.

For employers, Glints provides a tech-enabled recruitment solution called TalentHunt that is twice as efficient than traditional recruiters. Its clients today include Gojek, Tokopedia, FWD Insurance, Starbucks, and Mediacorp.

“With the pandemic accelerating the future of work and causing big changes in the labour market, our mission to empower the 120 million professionals in Southeast Asia is more important than ever,” said Oswald Yeo, co-founder and CEO of Glints.

“Existing solutions are transactional job portals and traditional recruiters only provide part of the solution. We are scaling Glints as a full-stack talent platform to support the professionals in Southeast Asia with their career discovery and development and to solve the regional talent crunch for employers.”

Despite Covid-19, Glints has seen resilient growth in 2020 with annual revenues more than doubling, continuing the trend of annual revenues growing at triple-digit percentages annually for the past three years.

The company also sees positive contribution margins across all business units, with Indonesia and Vietnam markets already profitable. Its other markets include Singapore and Taiwan.

With the rapid adoption of remote work, Glints has also seen a surge in demand for its cross-border talent solution called TalentHub, which doubled in business last year.

Featured Image Credit: Glints

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